Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) Director Catherine Wong sold 8,502 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $12.49, for a total value of $106,189.98. Following the completion of the transaction, the director now directly owns 79,152 shares of the company's stock, valued at approximately $988,608.48. This trade represents a 9.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Catherine Wong also recently made the following trade(s):
- On Monday, May 19th, Catherine Wong sold 3,515 shares of Amplitude stock. The stock was sold at an average price of $11.75, for a total value of $41,301.25.
Amplitude Price Performance
Shares of NASDAQ:AMPL traded down $0.82 during mid-day trading on Friday, reaching $11.37. 1,009,002 shares of the company traded hands, compared to its average volume of 762,307. The company's 50 day moving average price is $10.65 and its 200-day moving average price is $11.16. The firm has a market cap of $1.12 billion, a PE ratio of -14.77 and a beta of 1.56. Amplitude, Inc. has a 52 week low of $7.37 and a 52 week high of $14.88.
Amplitude (NASDAQ:AMPL - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $79.95 million for the quarter, compared to the consensus estimate of $79.81 million. Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. The company's revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.01 earnings per share. On average, research analysts predict that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in AMPL. Baillie Gifford & Co. bought a new position in shares of Amplitude during the 1st quarter valued at approximately $20,292,000. T. Rowe Price Investment Management Inc. boosted its stake in Amplitude by 9.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,996,229 shares of the company's stock worth $94,911,000 after purchasing an additional 770,227 shares during the period. Sunriver Management LLC boosted its stake in Amplitude by 24.3% in the 4th quarter. Sunriver Management LLC now owns 3,772,808 shares of the company's stock worth $39,803,000 after purchasing an additional 737,600 shares during the period. Meros Investment Management LP boosted its stake in Amplitude by 4,682.9% in the 1st quarter. Meros Investment Management LP now owns 462,314 shares of the company's stock worth $4,711,000 after purchasing an additional 452,648 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Amplitude by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 9,189,698 shares of the company's stock worth $96,951,000 after purchasing an additional 447,277 shares during the period. 73.20% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. Piper Sandler boosted their target price on Amplitude from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Citigroup boosted their target price on Amplitude from $11.00 to $15.00 and gave the stock a "neutral" rating in a research report on Monday, February 24th. UBS Group reduced their price target on shares of Amplitude from $13.00 to $11.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Morgan Stanley upped their price target on shares of Amplitude from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Finally, DA Davidson reduced their price target on shares of Amplitude from $16.00 to $12.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $13.60.
Get Our Latest Stock Analysis on AMPL
About Amplitude
(
Get Free Report)
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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