Eric Vishria Sells 35,000 Shares of Amplitude, Inc. (NASDAQ:AMPL) Stock

Amplitude, Inc. (NASDAQ:AMPL) Director Eric Vishria sold 35,000 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $12.80, for a total value of $448,000.00. Following the completion of the sale, the director now owns 286,859 shares in the company, valued at $3,671,795.20. This trade represents a 10.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, January 28th, Eric Vishria sold 3,563 shares of Amplitude stock. The shares were sold at an average price of $12.00, for a total value of $42,756.00.
• 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 value of $77,372.74.

Amplitude Stock Down 4.4 %

Amplitude stock opened at $12.22 on Friday. The business’s 50-day simple moving average is $11.59 and its 200 day simple moving average is $10.20. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -15.87 and a beta of 1.37. Amplitude, Inc. has a 12-month low of $7.37 and a 12-month high of $14.88.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings results on Wednesday, February 19th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.27). The firm had revenue of $78.13 million during the quarter, compared to the consensus estimate of $76.68 million. Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. As a group, sell-side analysts expect that Amplitude, Inc. will post -0.62 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AMPL. Morgan Stanley increased their target price on Amplitude from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Thursday, February 20th. 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. Scotiabank increased their target price on Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. Baird R W upgraded Amplitude from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 20th. Finally, Bank of America increased their target price on Amplitude from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.89.

Hedge Funds Weigh In On Amplitude

Several hedge funds have recently added to or reduced their stakes in AMPL. Occudo Quantitative Strategies LP raised its position in shares of Amplitude by 2.1% during the fourth quarter. Occudo Quantitative Strategies LP now owns 41,365 shares of the company’s stock worth $436,000 after purchasing an additional 832 shares during the period. Rhumbline Advisers grew its stake in Amplitude by 1.0% in the fourth quarter. Rhumbline Advisers now owns 101,954 shares of the company’s stock valued at $1,076,000 after purchasing an additional 1,040 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in Amplitude by 22.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company’s stock valued at $86,000 after purchasing an additional 1,492 shares in the last quarter. Legal & General Group Plc grew its stake in Amplitude by 2.6% in the fourth quarter. Legal & General Group Plc now owns 82,998 shares of the company’s stock valued at $876,000 after purchasing an additional 2,111 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Amplitude by 6.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,361 shares of the company’s stock valued at $468,000 after purchasing an additional 2,512 shares in the last quarter. Institutional investors and hedge funds own 73.20% of the company’s stock.

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.