Amplitude, Inc. (NASDAQ:AMPL) Director Erica Schultz Sells 7,500 Shares of Stock

Amplitude, Inc. (NASDAQ:AMPL) Director Erica Schultz sold 7,500 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $12.56, for a total transaction of $94,200.00. Following the completion of the transaction, the director owned 107,406 shares in the company, valued at $1,349,019.36. This trade represents a 6.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Erica Schultz also recently made the following trade(s):

• On Wednesday, June 11th, Erica Schultz sold 26,394 shares of Amplitude stock. The shares were sold at an average price of $12.49, for a total transaction of $329,661.06.

Amplitude Price Performance

NASDAQ AMPL traded up $0.08 during mid-day trading on Friday, hitting $12.92. The stock had a trading volume of 42,288 shares, compared to its average volume of 818,642. The firm’s 50 day moving average is $12.30 and its 200 day moving average is $11.37. Amplitude, Inc. has a twelve month low of $7.37 and a twelve month high of $14.88. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -16.99 and a beta of 1.54.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.16). Amplitude had a negative net margin of 31.01% and a negative return on equity of 32.50%. The firm had revenue of $79.95 million during the quarter, compared to analyst estimates of $79.81 million. During the same period in the prior year, the company posted $0.01 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities research analysts expect that Amplitude, Inc. will post -0.62 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of Amplitude from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday, May 9th. Benchmark restated a “buy” rating on shares of Amplitude in a research note on Friday, July 11th. Wall Street Zen upgraded Amplitude from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 target price on shares of Amplitude in a research report on Thursday, July 10th. Finally, UBS Group lowered their price objective on Amplitude from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amplitude has an average rating of “Moderate Buy” and an average price target of $13.50.

Institutional Trading of Amplitude

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Occudo Quantitative Strategies LP increased its stake in shares of Amplitude by 2.1% in the 4th quarter. Occudo Quantitative Strategies LP now owns 41,365 shares of the company’s stock worth $436,000 after acquiring an additional 832 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Amplitude by 33.3% in the 1st quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company’s stock worth $59,000 after acquiring an additional 1,455 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in shares of Amplitude by 22.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company’s stock worth $86,000 after acquiring an additional 1,492 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Amplitude by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,399 shares of the company’s stock worth $473,000 after acquiring an additional 2,038 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Amplitude by 2.6% during the 4th quarter. Legal & General Group Plc now owns 82,998 shares of the company’s stock worth $876,000 after purchasing an additional 2,111 shares during the period. 73.20% of the stock is owned by institutional investors and hedge funds.

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.