Insider Selling: Amplitude, Inc. (NASDAQ:AMPL) Director Sells 7,500 Shares of Stock

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) Director Erica Schultz sold 7,500 shares of Amplitude stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $12.56, for a total transaction of $94,200.00. Following the sale, the director directly owned 107,406 shares in the company, valued at $1,349,019.36. The trade was a 6.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Erica Schultz also recently made the following trade(s):

• On Wednesday, June 11th, Erica Schultz sold 26,394 shares of Amplitude stock. The stock was sold at an average price of $12.49, for a total value of $329,661.06.

Amplitude Trading Up 2.7%

AMPL stock traded up $0.34 during trading on Thursday, reaching $12.84. 1,355,754 shares of the stock were exchanged, compared to its average volume of 821,676. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of -16.89 and a beta of 1.54. The business has a 50 day moving average price of $12.30 and a 200-day moving average price of $11.37. Amplitude, Inc. has a 1 year low of $7.37 and a 1 year high of $14.88.

Amplitude (NASDAQ:AMPL - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.16). Amplitude had a negative net margin of 31.01% and a negative return on equity of 32.50%. The company had revenue of $79.95 million during the quarter, compared to analysts' expectations of $79.81 million. During the same period last year, the firm posted $0.01 earnings per share. Amplitude's revenue was up 10.1% on a year-over-year basis. On average, research analysts anticipate that Amplitude, Inc. will post -0.62 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Headlands Technologies LLC acquired a new position in Amplitude during the fourth quarter worth approximately $38,000. Aquatic Capital Management LLC grew its holdings in Amplitude by 176.5% in the fourth quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company's stock valued at $44,000 after purchasing an additional 2,647 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Amplitude by 33.3% during the 1st quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company's stock valued at $59,000 after buying an additional 1,455 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Amplitude by 45,828.6% during the 1st quarter. GAMMA Investing LLC now owns 6,430 shares of the company's stock worth $631,000 after purchasing an additional 6,416 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Amplitude by 255.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company's stock worth $75,000 after buying an additional 5,100 shares during the last quarter. Hedge funds and other institutional investors own 73.20% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on AMPL shares. DA Davidson decreased their price target on shares of Amplitude from $16.00 to $12.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Benchmark restated a "buy" rating on shares of Amplitude in a research note on Friday, July 11th. Needham & Company LLC reiterated a "buy" rating and set a $16.00 price target on shares of Amplitude in a research note on Thursday, July 10th. UBS Group decreased their target price on Amplitude from $13.00 to $11.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, Robert W. Baird reduced their price target on shares of Amplitude from $17.00 to $14.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $13.50.

Amplitude Company Profile

Amplitude, Inc, together with its subsidiaries, provides a digital analytics platform that analyzes customer behavior in the United States and internationally. It offers Amplitude Analytics, which provides real-time product data and reconstructed user visits; Amplitude Experiment, a solution that allows teams to test new capabilities and safely roll out new features; Amplitude CDP, an insight-driven solution that encompasses the data infrastructure, audience management, and data streaming capabilities; and Amplitude Session Replay used by product, marketing, and data teams to understand user behavior, diagnose product issues, and improve product outcomes.

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