Amplitude, Inc. (NASDAQ:AMPL) Director Sells $106,189.98 in Stock

Amplitude, Inc. (NASDAQ:AMPL) Director Catherine Wong sold 8,502 shares of the business’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $12.49, for a total value of $106,189.98. Following the completion of the sale, the director now owns 79,152 shares of the company’s stock, valued at $988,608.48. This trade represents a 9.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Catherine Wong also recently made the following trade(s):

• On Monday, May 19th, Catherine Wong sold 3,515 shares of Amplitude stock. The stock was sold at an average price of $11.75, for a total value of $41,301.25.

Amplitude Trading Down 6.7%

Shares of NASDAQ AMPL opened at $11.37 on Monday. Amplitude, Inc. has a 12-month low of $7.37 and a 12-month high of $14.88. The company has a market cap of $1.12 billion, a PE ratio of -14.77 and a beta of 1.56. The stock has a 50 day simple moving average of $10.65 and a 200-day simple moving average of $11.17.

Amplitude (NASDAQ:AMPL) last announced its earnings results on Wednesday, May 7th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.16). Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. The business had revenue of $79.95 million for the quarter, compared to the consensus estimate of $79.81 million. During the same period in the previous year, the firm earned $0.01 EPS. The firm’s revenue was up 10.1% on a year-over-year basis. Sell-side analysts forecast that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AMPL shares. Morgan Stanley increased their target price on shares of Amplitude from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Friday, May 9th. Citigroup boosted their price objective on shares of Amplitude from $11.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. DA Davidson cut their target price on shares of Amplitude from $16.00 to $12.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Piper Sandler upped their target price on Amplitude from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Finally, Baird R W upgraded Amplitude from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $13.60.

Institutional Investors Weigh In On Amplitude

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Amplitude by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 9,189,698 shares of the company’s stock valued at $96,951,000 after buying an additional 447,277 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Amplitude by 1.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 9,091,044 shares of the company’s stock worth $92,638,000 after acquiring an additional 94,815 shares during the period. Sunriver Management LLC boosted its holdings in shares of Amplitude by 2.1% in the first quarter. Sunriver Management LLC now owns 3,850,928 shares of the company’s stock valued at $39,241,000 after acquiring an additional 78,120 shares in the last quarter. Baillie Gifford & Co. acquired a new position in shares of Amplitude during the first quarter valued at approximately $20,292,000. Finally, Geode Capital Management LLC raised its holdings in Amplitude by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,955,564 shares of the company’s stock worth $20,636,000 after purchasing an additional 52,033 shares in the last quarter. 73.20% of the stock is currently owned by institutional investors.

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.