Key Points
- Director Erica Schultz sold 10,000 Amplitude shares on Dec. 15 at an average of $10.88 for $108,800, trimming her stake by 8.01% to 114,906 shares.
- That sale follows two recent disposals (10,000 shares on Nov. 17 at $10.23 and 10,000 on Oct. 15 at $10.12), meaning she has sold a total of 30,000 shares in the past three months.
- Amplitude shares traded around $11.80 (12‑month range $7.55–$14.88) with a market cap near $1.58B, and analysts hold a consensus “Moderate Buy” with a $14.30 price target.
Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) Director Erica Schultz sold 10,000 shares of the business's stock in a transaction on Monday, December 15th. The stock was sold at an average price of $10.88, for a total transaction of $108,800.00. Following the completion of the sale, the director directly owned 114,906 shares of the company's stock, valued at approximately $1,250,177.28. The trade was a 8.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Erica Schultz also recently made the following trade(s):
- On Monday, November 17th, Erica Schultz sold 10,000 shares of Amplitude stock. The shares were sold at an average price of $10.23, for a total transaction of $102,300.00.
- On Wednesday, October 15th, Erica Schultz sold 10,000 shares of Amplitude stock. The stock was sold at an average price of $10.12, for a total transaction of $101,200.00.
Amplitude Price Performance
Amplitude stock traded up $0.31 during midday trading on Thursday, reaching $11.80. The company had a trading volume of 87,925 shares, compared to its average volume of 1,287,183. Amplitude, Inc. has a 12-month low of $7.55 and a 12-month high of $14.88. The firm's fifty day simple moving average is $10.33 and its 200-day simple moving average is $11.32. The company has a market capitalization of $1.58 billion, a P/E ratio of -14.65 and a beta of 1.51.
Amplitude (NASDAQ:AMPL - Get Free Report) last announced its earnings results on Thursday, November 6th. The company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.01. The business had revenue of $88.56 million during the quarter, compared to analysts' expectations of $86.29 million. Amplitude had a negative return on equity of 36.27% and a negative net margin of 31.36%.The business's revenue was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 earnings per share. On average, analysts expect that Amplitude, Inc. will post -0.62 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have issued reports on AMPL shares. DA Davidson reaffirmed a "buy" rating and set a $16.00 target price on shares of Amplitude in a research note on Monday, September 29th. Piper Sandler reaffirmed an "overweight" rating and set a $16.00 price objective on shares of Amplitude in a research note on Thursday, November 6th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Amplitude in a report on Monday. Robert W. Baird lowered their target price on Amplitude from $16.00 to $14.00 and set an "outperform" rating on the stock in a report on Thursday, November 6th. Finally, UBS Group raised Amplitude from a "neutral" rating to a "buy" rating and set a $13.00 price target for the company in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Amplitude has an average rating of "Moderate Buy" and a consensus target price of $14.30.
Check Out Our Latest Report on Amplitude
Institutional Trading of Amplitude
Several hedge funds have recently made changes to their positions in AMPL. Alliancebernstein L.P. grew its position in Amplitude by 2,126.0% in the second quarter. Alliancebernstein L.P. now owns 4,160,481 shares of the company's stock worth $51,590,000 after acquiring an additional 3,973,575 shares during the period. TimesSquare Capital Management LLC acquired a new position in shares of Amplitude in the 3rd quarter valued at $21,922,000. Wellington Management Group LLP grew its holdings in shares of Amplitude by 783.5% during the 3rd quarter. Wellington Management Group LLP now owns 2,026,598 shares of the company's stock worth $21,725,000 after purchasing an additional 1,797,228 shares during the period. Baillie Gifford & Co. grew its holdings in shares of Amplitude by 35.5% during the 3rd quarter. Baillie Gifford & Co. now owns 2,681,896 shares of the company's stock worth $28,750,000 after purchasing an additional 703,328 shares during the period. Finally, Gagnon Securities LLC acquired a new stake in shares of Amplitude during the 3rd quarter worth about $5,475,000. Hedge funds and other institutional investors own 73.20% of the company's stock.
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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