Eric Vishria Sells 35,000 Shares of Amplitude, Inc. (NASDAQ:AMPL) Stock

Amplitude, Inc. (NASDAQ:AMPL) Director Eric Vishria sold 35,000 shares of Amplitude stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $12.80, for a total value of $448,000.00. Following the sale, the director now directly owns 286,859 shares of the company’s stock, valued at approximately $3,671,795.20. The trade was a 10.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Eric Vishria also recently made the following trade(s):

• On Tuesday, January 28th, Eric Vishria sold 3,563 shares of Amplitude stock. The stock was sold at an average price of $12.00, for a total value of $42,756.00.
• On Friday, December 13th, Eric Vishria sold 6,437 shares of Amplitude stock. The stock was sold at an average price of $12.02, for a total value of $77,372.74.

Amplitude Trading Down 4.4 %

NASDAQ AMPL opened at $12.22 on Friday. The business’s 50-day moving average price is $11.59 and its two-hundred day moving average price is $10.20. Amplitude, Inc. has a 12 month low of $7.37 and a 12 month high of $14.88. The firm has a market capitalization of $1.16 billion, a PE ratio of -15.87 and a beta of 1.37.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings results on Wednesday, February 19th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.27). Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. The company had revenue of $78.13 million during the quarter, compared to the consensus estimate of $76.68 million. As a group, analysts forecast that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Planning raised its stake in Amplitude by 152.4% during the 3rd quarter. Creative Planning now owns 26,166 shares of the company’s stock worth $235,000 after buying an additional 15,800 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Amplitude by 418.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 66,592 shares of the company’s stock worth $597,000 after buying an additional 53,741 shares during the period. Horrell Capital Management Inc. acquired a new position in Amplitude during the 3rd quarter worth approximately $1,597,000. MQS Management LLC raised its stake in Amplitude by 38.2% during the 3rd quarter. MQS Management LLC now owns 25,729 shares of the company’s stock worth $231,000 after buying an additional 7,112 shares during the period. Finally, Intech Investment Management LLC acquired a new position in Amplitude during the 3rd quarter worth approximately $128,000. 73.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMPL has been the subject of several research reports. UBS Group lifted their price target on Amplitude from $10.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Robert W. Baird raised Amplitude from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $12.00 to $17.00 in a report on Thursday, February 20th. Baird R W raised Amplitude from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 20th. Morgan Stanley lifted their price objective on Amplitude from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th. Finally, KeyCorp raised Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price objective for the company in a report on Friday, December 13th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amplitude has a consensus rating of “Moderate Buy” and an average target price of $14.89.

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.