Amplitude, Inc. (NASDAQ:AMPL – Get Free Report) CEO Spenser Skates sold 70,087 shares of the stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $14.52, for a total transaction of $1,017,663.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Spenser Skates also recently made the following trade(s):
- On Thursday, October 1st, Spenser Skates sold 3,539 shares of Amplitude stock. The stock was sold at an average price of $14.45, for a total transaction 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 transaction of $19,854.30.
- 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 transaction of $2,275,500.00.
Amplitude Stock Up 3.6%
AMPL stock opened at $15.29 on Friday. Amplitude, Inc. has a twelve month low of $5.51 and a twelve month high of $15.30. The company has a market cap of $1.55 billion, a PE ratio of -20.39 and a beta of 1.49. The business’s 50-day simple moving average is $13.02 and its 200 day simple moving average is $9.36.
Institutional Investors Weigh In On Amplitude
A number of hedge funds have recently made changes to their positions in AMPL. Arrowstreet Capital Limited Partnership bought a new position in shares of Amplitude in the first quarter valued at approximately $3,930,000. Dimensional Fund Advisors LP grew its position in Amplitude by 368.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 617,713 shares of the company’s stock worth $4,213,000 after acquiring an additional 485,752 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Amplitude during the 1st quarter worth approximately $3,097,000. Quantinno Capital Management LP increased its holdings in Amplitude by 1,683.8% during the 1st quarter. Quantinno Capital Management LP now owns 370,515 shares of the company’s stock valued at $2,527,000 after purchasing an additional 349,744 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Amplitude by 362.8% during the 1st quarter. First Trust Advisors LP now owns 424,566 shares of the company’s stock valued at $2,896,000 after purchasing an additional 332,830 shares in the last quarter. Institutional investors and hedge funds own 73.20% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on AMPL. UBS Group lifted their price target on shares of Amplitude from $8.50 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of Amplitude from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Morgan Stanley lifted their target price on shares of Amplitude from $12.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. DA Davidson upped their target price on shares of Amplitude from $10.00 to $12.50 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Citigroup increased their price target on shares of Amplitude from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.05.
Get Our Latest Research Report on AMPL
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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