Amplitude (NASDAQ:AMPL) CEO Spenser Skates Sells 400,000 Shares

Amplitude, Inc. (NASDAQ:AMPL) CEO Spenser Skates sold 400,000 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $10.99, for a total transaction of $4,396,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Amplitude Stock Performance

Shares of NASDAQ:AMPL opened at $10.83 on Friday. The company has a market cap of $1.11 billion, a P/E ratio of -13.54 and a beta of 1.51. The stock’s 50-day moving average is $10.59 and its 200-day moving average is $11.41. Amplitude, Inc. has a 52-week low of $7.55 and a 52-week high of $14.88.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.02 earnings per share 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 business had revenue of $88.56 million during the quarter, compared to analysts’ expectations of $86.29 million. During the same quarter in the previous year, the firm earned $0.03 EPS. The firm’s revenue was up 17.8% compared to the same quarter last year. Amplitude has set its FY 2025 guidance at 0.060-0.08 EPS. Q4 2025 guidance at 0.040-0.05 EPS. As a group, equities analysts predict that Amplitude, Inc. will post -0.62 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AMPL. DA Davidson reissued a “buy” rating and issued a $16.00 price objective on shares of Amplitude in a research report on Monday, September 29th. Robert W. Baird cut their target price on shares of Amplitude from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Amplitude in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Amplitude from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $16.00 target price on shares of Amplitude in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.40.

Hedge Funds Weigh In On Amplitude

Hedge funds and other institutional investors have recently made changes to their positions in the business. Entropy Technologies LP acquired a new stake in shares of Amplitude during the 3rd quarter valued at about $221,000. Landscape Capital Management L.L.C. acquired a new stake in Amplitude during the third quarter valued at approximately $303,000. Sei Investments Co. boosted its holdings in Amplitude by 105.8% during the third quarter. Sei Investments Co. now owns 63,156 shares of the company’s stock valued at $677,000 after purchasing an additional 32,470 shares in the last quarter. UBS Group AG grew its stake in shares of Amplitude by 381.4% in the 3rd quarter. UBS Group AG now owns 198,992 shares of the company’s stock valued at $2,133,000 after purchasing an additional 157,654 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of Amplitude by 2.7% in the 3rd quarter. Legal & General Group Plc now owns 87,599 shares of the company’s stock worth $939,000 after buying an additional 2,265 shares in the last quarter. 73.20% of the stock is owned by institutional investors.

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.