Amplitude (NASDAQ:AMPL) CEO Sells $15,731.46 in Stock

Amplitude, Inc. (NASDAQ:AMPL) CEO Spenser Skates sold 901 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $17.46, for a total transaction of $15,731.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Spenser Skates also recently made the following trade(s):

• On Thursday, November 5th, Spenser Skates sold 61 shares of Amplitude stock. The shares were sold at an average price of $18.12, for a total transaction of $1,105.32.
• On Wednesday, October 28th, Spenser Skates sold 6,651 shares of Amplitude stock. The shares were sold at an average price of $17.53, for a total transaction of $116,592.03.
• On Monday, October 26th, Spenser Skates sold 300 shares of Amplitude stock. The stock was sold at an average price of $17.46, for a total value of $5,238.00.
• On Friday, October 23rd, Spenser Skates sold 107,136 shares of Amplitude stock. The stock was sold at an average price of $17.52, for a total value of $1,877,022.72.
• On Friday, October 2nd, Spenser Skates sold 70,087 shares of Amplitude stock. The shares were sold at an average price of $14.52, for a total value of $1,017,663.24.
• On Thursday, October 1st, Spenser Skates sold 3,539 shares of Amplitude stock. The shares were sold at an average price of $14.45, for a total value of $51,138.55.
• On Wednesday, September 30th, Spenser Skates sold 1,374 shares of Amplitude stock. The shares were sold at an average price of $14.45, for a total value of $19,854.30.
• On Thursday, September 10th, Spenser Skates sold 185,000 shares of Amplitude stock. The stock was sold at an average price of $12.30, for a total value of $2,275,500.00.

Amplitude Price Performance

Shares of NASDAQ AMPL opened at $16.70 on Monday. Amplitude, Inc. has a 52 week low of $5.51 and a 52 week high of $18.85. The business has a 50-day simple moving average of $14.81 and a two-hundred day simple moving average of $9.79. The company has a market cap of $1.69 billion, a P/E ratio of -21.97 and a beta of 1.30.

Amplitude (NASDAQ:AMPL) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. Amplitude had a negative return on equity of 45.71% and a negative net margin of 25.24%. The firm had revenue of $110.64 million for the quarter, compared to analysts’ expectations of $107.02 million. Equities research analysts anticipate that Amplitude, Inc. will post -0.66 EPS for the current year.

Institutional Investors Weigh In On Amplitude

A number of institutional investors and hedge funds have recently bought and sold shares of AMPL. Nisa Investment Advisors LLC grew its position in Amplitude by 169.1% in the third quarter. Nisa Investment Advisors LLC now owns 2,465 shares of the company’s stock worth $34,000 after acquiring an additional 1,549 shares in the last quarter. Sterling Capital Management LLC increased its stake in Amplitude by 838.1% in the third quarter. Sterling Capital Management LLC now owns 3,180 shares of the company’s stock valued at $44,000 after acquiring an additional 2,841 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Amplitude in the second quarter valued at $48,000. Vise Technologies Inc. raised its position in Amplitude by 6.4% during the third quarter. Vise Technologies Inc. now owns 14,040 shares of the company’s stock valued at $194,000 after purchasing an additional 843 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Amplitude during the third quarter valued at about $337,000. 73.20% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Amplitude

Here are the key news stories impacting Amplitude this week:

• Positive Sentiment: Q3 results beat expectations. Amplitude reported earnings of $0.04 per share versus the $0.03 consensus and revenue of $110.65 million versus estimates of $107.02 million. Reports also highlighted 25% revenue growth and a full-year outlook above expectations—signs of solid business momentum. Q3 earnings results Sales and outlook
• Positive Sentiment: Analysts raised price targets after the report. UBS lifted its target to $22 and maintained a Buy rating; KeyCorp and Piper Sandler also raised targets to $22 with Overweight ratings. Needham raised its target to $21 and BTIG to $19, both with Buy ratings. These revisions suggest analysts see further potential after the results. UBS target increase Analyst forecast changes
• Neutral Sentiment: Citigroup’s view was more cautious. Citi raised its target from $11 to $18 but retained a Neutral rating, implying more limited upside than the higher targets from other firms. Citigroup rating
• Neutral Sentiment: The CEO reported small stock sales. Spenser Skates sold 962 shares across two transactions for about $16,837 in total. The disclosed sales are modest in size and may have limited significance for investors. SEC filing

Analyst Upgrades and Downgrades

Several analysts have issued reports on AMPL shares. KeyCorp increased their target price on shares of Amplitude from $14.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday. Citigroup boosted their price target on shares of Amplitude from $11.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday. DA Davidson upped their price target on shares of Amplitude from $10.00 to $12.50 and gave the stock a “buy” rating in a report on Thursday, August 6th. BTIG Research increased their price objective on Amplitude from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Morgan Stanley lifted their price objective on Amplitude from $12.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.64.

About Amplitude

Amplitude, Inc is a software company that provides digital analytics and product experience solutions. Its platform helps organizations collect, analyze and act on user behavior data across websites, mobile applications and other digital products.

The company’s offerings include Amplitude Analytics, which enables teams to measure user engagement, retention and conversion; experimentation tools for testing product changes; session replay capabilities for reviewing user interactions; and data management and governance features.