Insider Selling: Amplitude, Inc. (NASDAQ:AMPL) Director Sells 3,563 Shares of Stock

Amplitude, Inc. (NASDAQ:AMPL) Director Eric Vishria sold 3,563 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $12.00, for a total value of $42,756.00. Following the sale, the director now directly owns 276,208 shares of the company’s stock, valued at approximately $3,314,496. This trade represents a 1.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, December 13th, Eric Vishria sold 6,437 shares of Amplitude stock. The shares were sold at an average price of $12.02, for a total transaction of $77,372.74.
• On Tuesday, November 12th, Eric Vishria sold 25,000 shares of Amplitude stock. The shares were sold at an average price of $10.18, for a total transaction of $254,500.00.

Amplitude Trading Down 4.3 %

AMPL traded down $0.54 during midday trading on Wednesday, reaching $11.97. The company’s stock had a trading volume of 573,604 shares, compared to its average volume of 402,878. The stock’s 50-day moving average is $10.95 and its 200-day moving average is $9.57. Amplitude, Inc. has a 1 year low of $7.37 and a 1 year high of $14.42. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -17.87 and a beta of 1.34.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AMPL shares. Scotiabank boosted their price target on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Morgan Stanley upgraded shares of Amplitude from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $10.00 to $11.00 in a report on Monday, January 13th. Robert W. Baird boosted their price target on shares of Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Piper Sandler raised shares of Amplitude from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $11.00 to $15.00 in a research note on Monday, January 6th. Finally, KeyCorp upgraded Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 target price on the stock in a report on Friday, December 13th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.43.

Hedge Funds Weigh In On Amplitude

Institutional investors and hedge funds have recently modified their holdings of the stock. Intech Investment Management LLC purchased a new position in Amplitude in the third quarter worth about $128,000. XTX Topco Ltd purchased a new position in Amplitude in the 2nd quarter worth approximately $133,000. Blue Trust Inc. lifted its position in Amplitude by 13.5% in the 3rd quarter. Blue Trust Inc. now owns 19,518 shares of the company’s stock valued at $174,000 after acquiring an additional 2,324 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Amplitude by 19.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,146 shares of the company’s stock valued at $199,000 after purchasing an additional 3,552 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in shares of Amplitude by 21.5% in the third quarter. Quantbot Technologies LP now owns 24,390 shares of the company’s stock worth $219,000 after purchasing an additional 4,309 shares during the last quarter. 73.20% of the stock is currently owned by institutional investors.

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.