Amplitude, Inc. (NASDAQ:AMPL – Get Free Report) CEO Spenser Skates sold 1,374 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $14.45, for a total value of $19,854.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Spenser Skates also recently made the following trade(s):
- 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 Thursday, September 10th, Spenser Skates sold 185,000 shares of Amplitude stock. The shares were sold at an average price of $12.30, for a total value of $2,275,500.00.
Amplitude Stock Performance
AMPL stock traded up $0.22 during midday trading on Friday, hitting $14.52. 1,726,585 shares of the stock were exchanged, compared to its average volume of 2,152,631. The stock’s 50-day moving average price is $12.39 and its 200-day moving average price is $9.09. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -19.36 and a beta of 1.49. Amplitude, Inc. has a fifty-two week low of $5.51 and a fifty-two week high of $14.76.
Analyst Ratings Changes
A number of equities research analysts recently commented on the stock. Raymond James Financial initiated coverage on shares of Amplitude in a research note on Tuesday, June 30th. They issued a “strong-buy” rating and a $10.00 price objective on the stock. BTIG Research lifted their target price on shares of Amplitude from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Morgan Stanley upped their price target on shares of Amplitude from $12.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Piper Sandler upped their price target on shares of Amplitude from $13.00 to $18.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Citigroup increased their price target on shares of Amplitude from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.05.
Check Out Our Latest Stock Report on AMPL
Institutional Trading of Amplitude
Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of Amplitude by 368.1% during the first quarter. Dimensional Fund Advisors LP now owns 617,713 shares of the company’s stock valued at $4,213,000 after acquiring an additional 485,752 shares during the last quarter. First Trust Advisors LP increased its position in Amplitude by 362.8% during the 1st quarter. First Trust Advisors LP now owns 424,566 shares of the company’s stock worth $2,896,000 after purchasing an additional 332,830 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Amplitude in the 1st quarter valued at about $3,097,000. Bank of New York Mellon Corp purchased a new position in Amplitude in the 2nd quarter valued at about $2,204,000. Finally, Squarepoint Ops LLC lifted its holdings in Amplitude by 43.4% in the 2nd quarter. Squarepoint Ops LLC now owns 1,021,647 shares of the company’s stock valued at $7,816,000 after purchasing an additional 309,252 shares in the last quarter. 73.20% of the stock is currently owned by hedge funds and other institutional investors.
Amplitude Company Profile
Amplitude, Inc is a software company that provides a digital analytics platform designed to help organizations understand and improve digital products and customer experiences. Its platform enables businesses to collect, analyze and visualize behavioral data from websites, mobile applications and other digital services.
The company’s product offerings include product analytics, session replay, experimentation and data management capabilities. These tools help product, marketing and engineering teams track user journeys, identify engagement trends, evaluate changes and make data-informed decisions throughout the product development and customer lifecycle.
Amplitude was founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang and is headquartered in San Francisco, California.
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