Catherine Wong Sells 8,502 Shares of Amplitude, Inc. (NASDAQ:AMPL) Stock

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) Director Catherine Wong sold 8,502 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $12.49, for a total transaction of $106,189.98. Following the transaction, the director now directly owns 79,152 shares of the company's stock, valued at $988,608.48. The trade was a 9.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Catherine Wong also recently made the following trade(s):

• On Monday, May 19th, Catherine Wong sold 3,515 shares of Amplitude stock. The shares were sold at an average price of $11.75, for a total transaction of $41,301.25.

Amplitude Trading Up 6.7%

NASDAQ AMPL traded up $0.76 during trading hours on Monday, hitting $12.13. 1,724,982 shares of the company's stock traded hands, compared to its average volume of 766,298. The business's fifty day moving average price is $10.72 and its two-hundred day moving average price is $11.18. The firm has a market capitalization of $1.20 billion, a P/E ratio of -15.75 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 earnings results on Wednesday, May 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.16). The business 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 business's quarterly 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, sell-side analysts expect that Amplitude, Inc. will post -0.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AMPL shares. UBS Group decreased their price objective on shares of Amplitude from $13.00 to $11.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Baird R W raised shares of Amplitude from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 20th. DA Davidson decreased their price objective on shares of Amplitude from $16.00 to $12.00 and set a "buy" rating for the company in a report on Monday, April 14th. Morgan Stanley boosted their price objective on shares of Amplitude from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Finally, Piper Sandler boosted their price objective on shares of Amplitude from $14.00 to $15.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $13.50.

Hedge Funds Weigh In On Amplitude

Hedge funds have recently modified their holdings of the company. Headlands Technologies LLC bought a new position in shares of Amplitude in the fourth quarter worth approximately $38,000. Aquatic Capital Management LLC boosted its position in shares of Amplitude by 176.5% in the fourth quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company's stock worth $44,000 after purchasing an additional 2,647 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Amplitude by 33.3% in the first quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company's stock worth $59,000 after purchasing an additional 1,455 shares during the period. GAMMA Investing LLC boosted its position in shares of Amplitude by 45,828.6% in the first 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 period. Finally, Canada Pension Plan Investment Board boosted its position in shares of Amplitude by 255.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company's stock worth $75,000 after purchasing an additional 5,100 shares during the period. 73.20% of the stock is currently owned by institutional investors.

About Amplitude

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.