Erica Schultz Sells 10,000 Shares of Amplitude (NASDAQ:AMPL) Stock

Amplitude, Inc. (NASDAQ:AMPL) Director Erica Schultz sold 10,000 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $10.88, for a total transaction of $108,800.00. Following the completion of the sale, the director directly owned 114,906 shares of the company’s stock, valued at $1,250,177.28. The trade was a 8.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Erica Schultz also recently made the following trade(s):

• On Monday, November 17th, Erica Schultz sold 10,000 shares of Amplitude stock. The stock was sold at an average price of $10.23, for a total transaction of $102,300.00.
• On Wednesday, October 15th, Erica Schultz sold 10,000 shares of Amplitude stock. The stock was sold at an average price of $10.12, for a total transaction of $101,200.00.

Amplitude Price Performance

AMPL stock opened at $11.89 on Friday. The firm has a market cap of $1.59 billion, a PE ratio of -14.86 and a beta of 1.51. Amplitude, Inc. has a 12 month low of $7.55 and a 12 month high of $14.88. The firm has a 50 day simple moving average of $10.36 and a 200 day simple moving average of $11.32.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. Amplitude had a negative net margin of 31.36% and a negative return on equity of 36.27%. The firm had revenue of $88.56 million for the quarter, compared to analyst estimates of $86.29 million. During the same quarter in the previous year, the business posted $0.03 earnings per share. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. As a group, sell-side analysts expect that Amplitude, Inc. will post -0.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AMPL shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Amplitude in a research note on Monday. UBS Group upgraded shares of Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 target price for the company in a report on Friday, October 31st. BTIG Research initiated coverage on shares of Amplitude in a research report on Tuesday. They issued a “buy” rating and a $14.00 target price on the stock. Robert W. Baird cut their price target on shares of Amplitude from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Finally, Piper Sandler restated an “overweight” rating and issued a $16.00 price target on shares of Amplitude in a research report on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.30.

Hedge Funds Weigh In On Amplitude

Several institutional investors and hedge funds have recently bought and sold shares of AMPL. Quarry LP acquired a new position in shares of Amplitude in the 3rd quarter valued at about $32,000. State of Alaska Department of Revenue purchased a new position in Amplitude during the third quarter valued at approximately $48,000. Russell Investments Group Ltd. increased its stake in Amplitude by 33.3% in the 1st quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company’s stock valued at $59,000 after buying an additional 1,455 shares during the period. Osaic Holdings Inc. lifted its position in Amplitude by 57.8% in the 2nd quarter. Osaic Holdings Inc. now owns 5,132 shares of the company’s stock worth $64,000 after buying an additional 1,879 shares in the last quarter. Finally, Legato Capital Management LLC purchased a new stake in Amplitude in the 3rd quarter worth approximately $112,000. Hedge funds and other institutional investors 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.