Amplitude, Inc. (NASDAQ:AMPL) Director Eric Vishria Sells 25,000 Shares

Amplitude, Inc. (NASDAQ:AMPL) Director Eric Vishria sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $10.15, for a total transaction of $253,750.00. Following the sale, the director now directly owns 261,859 shares in the company, valued at approximately $2,657,868.85. The trade was a 8.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Eric Vishria also recently made the following trade(s):

• On Monday, February 24th, Eric Vishria sold 35,000 shares of Amplitude stock. The stock was sold at an average price of $12.80, for a total transaction of $448,000.00.

Amplitude Stock Performance

NASDAQ:AMPL opened at $11.80 on Wednesday. Amplitude, Inc. has a 1 year low of $7.37 and a 1 year high of $14.88. The stock has a market cap of $1.17 billion, a P/E ratio of -15.32 and a beta of 1.40. The stock has a 50-day simple moving average of $10.05 and a 200-day simple moving average of $10.78.

Amplitude (NASDAQ:AMPL) last posted 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). The business had revenue of $79.95 million for the quarter, compared to analysts’ expectations of $79.81 million. Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. Amplitude’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.01 EPS. On average, equities research analysts predict that Amplitude, Inc. will post -0.62 EPS for the current year.

Analysts Set New Price Targets

AMPL has been the topic of several analyst reports. Morgan Stanley increased their price objective on Amplitude from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Friday, May 9th. Needham & Company LLC restated a “buy” rating and set a $16.00 price target on shares of Amplitude in a report on Thursday, May 8th. DA Davidson reduced their price target on Amplitude from $16.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Robert W. Baird lowered their price objective on Amplitude from $17.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday, May 8th. Finally, Scotiabank cut their target price on shares of Amplitude from $12.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 24th. Four 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 company’s stock. According to MarketBeat.com, Amplitude has an average rating of “Moderate Buy” and an average price target of $13.60.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Barclays PLC raised its stake in Amplitude by 371.7% during the 3rd quarter. Barclays PLC now owns 128,537 shares of the company’s stock worth $1,153,000 after acquiring an additional 101,289 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Amplitude by 38.9% during the third quarter. JPMorgan Chase & Co. now owns 84,050 shares of the company’s stock worth $754,000 after purchasing an additional 23,526 shares during the last quarter. Kera Capital Partners Inc. acquired a new stake in shares of Amplitude during the fourth quarter worth about $1,498,000. SG Americas Securities LLC lifted its holdings in shares of Amplitude by 15.7% in the 4th quarter. SG Americas Securities LLC now owns 42,107 shares of the company’s stock valued at $444,000 after purchasing an additional 5,726 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Amplitude by 58.3% in the 4th quarter. Blue Trust Inc. now owns 30,902 shares of the company’s stock valued at $326,000 after purchasing an additional 11,384 shares during the period. Institutional investors and hedge funds own 73.20% of the company’s stock.

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.