Insider Selling: Amplitude, Inc. (NASDAQ:AMPL) Director Sells $77,372.74 in Stock

Amplitude, Inc. (NASDAQ:AMPL) Director Eric Vishria sold 6,437 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $12.02, for a total transaction of $77,372.74. Following the transaction, the director now owns 279,771 shares in the company, valued at $3,362,847.42. This represents a 2.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• 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 Stock Down 4.8 %

Shares of AMPL opened at $11.12 on Thursday. The business has a 50-day simple moving average of $10.07 and a two-hundred day simple moving average of $9.07. Amplitude, Inc. has a 52 week low of $7.37 and a 52 week high of $14.42. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -16.60 and a beta of 1.38.

Institutional Investors Weigh In On Amplitude

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. ArrowMark Colorado Holdings LLC increased its stake in shares of Amplitude by 56.6% in the third quarter. ArrowMark Colorado Holdings LLC now owns 1,482,738 shares of the company’s stock worth $13,300,000 after purchasing an additional 535,624 shares in the last quarter. Cerity Partners LLC boosted its holdings in Amplitude by 524.9% in the 3rd quarter. Cerity Partners LLC now owns 460,624 shares of the company’s stock worth $4,132,000 after buying an additional 386,915 shares during the period. Horrell Capital Management Inc. purchased a new stake in Amplitude in the 3rd quarter worth $1,597,000. Circumference Group LLC purchased a new stake in Amplitude in the 3rd quarter worth $1,597,000. Finally, Geode Capital Management LLC raised its holdings in Amplitude by 7.1% during the third quarter. Geode Capital Management LLC now owns 1,903,531 shares of the company’s stock valued at $17,078,000 after acquiring an additional 126,056 shares during the period. Institutional investors own 73.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on AMPL. Scotiabank lifted their target price on shares of Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. Robert W. Baird lifted their price objective on Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Piper Sandler increased their target price on Amplitude from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, KeyCorp raised Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 target price on the stock in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $11.57.

About Amplitude

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.