Eric Vishria Sells 25,000 Shares of Amplitude, Inc. (NASDAQ:AMPL) Stock

Amplitude, Inc. (NASDAQ:AMPL) Director Eric Vishria sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $10.18, for a total transaction of $254,500.00. Following the completion of the transaction, the director now owns 286,208 shares of the company’s stock, valued at approximately $2,913,597.44. This trade represents a 8.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Amplitude Price Performance

NASDAQ AMPL opened at $9.59 on Friday. The firm’s fifty day moving average price is $9.07 and its 200 day moving average price is $8.84. The company has a market capitalization of $907.13 million, a price-to-earnings ratio of -14.31 and a beta of 1.31. Amplitude, Inc. has a 12 month low of $7.37 and a 12 month high of $14.42.

Analyst Ratings Changes

AMPL has been the subject of a number of analyst reports. Robert W. Baird upped their price objective on shares of Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Scotiabank increased their price target on shares of Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Piper Sandler upped their price objective on shares of Amplitude from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, UBS Group reduced their target price on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, Amplitude has an average rating of “Hold” and a consensus price target of $11.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AMPL. Janus Henderson Group PLC grew its position in Amplitude by 3,607.6% during the 1st quarter. Janus Henderson Group PLC now owns 859,723 shares of the company’s stock worth $9,353,000 after purchasing an additional 836,535 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its stake in shares of Amplitude by 56.6% in the third quarter. ArrowMark Colorado Holdings LLC now owns 1,482,738 shares of the company’s stock valued at $13,300,000 after purchasing an additional 535,624 shares during the period. Cerity Partners LLC raised its position in Amplitude by 524.9% during the third quarter. Cerity Partners LLC now owns 460,624 shares of the company’s stock worth $4,132,000 after acquiring an additional 386,915 shares during the last quarter. Vanguard Group Inc. raised its position in Amplitude by 3.4% during the first quarter. Vanguard Group Inc. now owns 8,107,888 shares of the company’s stock worth $88,214,000 after acquiring an additional 264,477 shares during the last quarter. Finally, Horrell Capital Management Inc. acquired a new position in Amplitude during the third quarter worth about $1,597,000. 73.20% of the stock is owned by hedge funds and other 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.