Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) Director Catherine Wong sold 8,502 shares of Amplitude stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $12.49, for a total value of $106,189.98. Following the completion of the sale, the director now directly owns 79,152 shares of the company's stock, valued at approximately $988,608.48. This represents a 9.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
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 value of $41,301.25.
Amplitude Price Performance
Shares of AMPL opened at $11.37 on Friday. The stock's 50-day moving average is $10.65 and its two-hundred day moving average is $11.16. The stock has a market cap of $1.12 billion, a PE ratio of -14.77 and a beta of 1.56. Amplitude, Inc. has a 12 month low of $7.37 and a 12 month high of $14.88.
Amplitude (NASDAQ:AMPL - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.17) 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 analyst estimates of $79.81 million. Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.01 EPS. On average, research analysts anticipate that Amplitude, Inc. will post -0.62 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of AMPL. Baillie Gifford & Co. acquired a new position in shares of Amplitude during the first quarter worth about $20,292,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of Amplitude by 9.4% during the fourth 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 in the last quarter. Sunriver Management LLC lifted its stake in shares of Amplitude by 24.3% in the fourth quarter. Sunriver Management LLC now owns 3,772,808 shares of the company's stock worth $39,803,000 after acquiring an additional 737,600 shares in the last quarter. Meros Investment Management LP lifted its stake in shares of Amplitude by 4,682.9% in the first quarter. Meros Investment Management LP now owns 462,314 shares of the company's stock worth $4,711,000 after acquiring an additional 452,648 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Amplitude by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 9,189,698 shares of the company's stock worth $96,951,000 after acquiring an additional 447,277 shares in the last quarter. Institutional investors and hedge funds own 73.20% of the company's stock.
Analyst Ratings Changes
AMPL has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $16.00 price objective on shares of Amplitude in a research report on Wednesday. Citigroup boosted their price target on Amplitude from $11.00 to $15.00 and gave the company a "neutral" rating in a research report on Monday, February 24th. Robert W. Baird lowered their price target on Amplitude from $17.00 to $14.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Piper Sandler boosted their price target on Amplitude from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, Baird R W raised Amplitude from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $13.60.
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Amplitude Company Profile
(
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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.
Further Reading
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