Key Points
- CEO Spenser Skates sold 42,743 shares on Dec. 24 at an average $12.01 for $513,343, and previously sold 400,000 shares on Nov. 11 at $10.99 (about $4.396M), totaling roughly $4.91M in insider sales.
- Amplitude beat the latest quarter's revenue and EPS estimates with revenue of $88.56M (up 17.8% year‑over‑year) but remains unprofitable with negative net margin and return on equity.
- Analysts' consensus is a "Moderate Buy" with a $14.40 target; the stock trades in a one‑year range of $7.55–$14.88 and has a market cap of about $1.58B.
Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) CEO Spenser Skates sold 42,743 shares of the company's stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $12.01, for a total value of $513,343.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Spenser Skates also recently made the following trade(s):
- On Tuesday, November 11th, Spenser Skates sold 400,000 shares of Amplitude stock. The stock was sold at an average price of $10.99, for a total value of $4,396,000.00.
Amplitude Price Performance
AMPL stock opened at $11.83 on Tuesday. The stock has a market capitalization of $1.58 billion, a P/E ratio of -14.79 and a beta of 1.51. Amplitude, Inc. has a 1-year low of $7.55 and a 1-year high of $14.88. The business has a fifty day moving average price of $10.62 and a 200-day moving average price of $11.26.
Amplitude (NASDAQ:AMPL - Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. Amplitude had a negative return on equity of 36.27% and a negative net margin of 31.36%.The company had revenue of $88.56 million during the quarter, compared to the consensus estimate of $86.29 million. During the same period last year, the company earned $0.03 EPS. Amplitude's revenue for the quarter was up 17.8% on a year-over-year basis. As a group, analysts anticipate that Amplitude, Inc. will post -0.62 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on AMPL shares. BTIG Research began coverage on shares of Amplitude in a report on Tuesday, December 16th. They set a "buy" rating and a $14.00 price objective for the company. DA Davidson reiterated a "buy" rating and set a $16.00 target price on shares of Amplitude in a research note on Monday, September 29th. Weiss Ratings restated a "sell (d-)" rating on shares of Amplitude in a research note on Monday, December 22nd. UBS Group raised Amplitude from a "neutral" rating to a "buy" rating and set a $13.00 price objective for the company in a report on Friday, October 31st. Finally, Piper Sandler reissued an "overweight" rating and issued a $16.00 target price on shares of Amplitude in a report on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Amplitude currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.40.
Get Our Latest Report on AMPL
Institutional Investors Weigh In On Amplitude
A number of hedge funds have recently modified their holdings of AMPL. Alliancebernstein L.P. raised its holdings in Amplitude by 2,126.0% in the 2nd quarter. Alliancebernstein L.P. now owns 4,160,481 shares of the company's stock worth $51,590,000 after purchasing an additional 3,973,575 shares during the period. TimesSquare Capital Management LLC bought a new position in shares of Amplitude in the third quarter worth about $21,922,000. Wellington Management Group LLP lifted its position 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 valued at $21,725,000 after buying an additional 1,797,228 shares in the last quarter. Baillie Gifford & Co. grew its stake 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 valued at $28,750,000 after acquiring an additional 703,328 shares during the period. Finally, Gagnon Securities LLC bought a new position in shares of Amplitude during the 3rd quarter valued at approximately $5,475,000. Institutional investors own 73.20% of the company's stock.
Amplitude Company Profile
(
Get Free Report)
Amplitude, Inc is a software company specializing in digital analytics and product intelligence solutions for businesses seeking to optimize user engagement and drive growth. Its core offering, the Amplitude Analytics platform, enables customers to collect and analyze behavioral data from web and mobile applications in real time. The platform provides advanced segmentation, funnel analysis, retention tracking and pathfinding tools that help product, marketing and data teams understand user journeys, identify friction points and measure the impact of new features.
Founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang, Amplitude is headquartered in Redwood City, California, with additional offices spanning North America, Europe and Asia.
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