Amplitude (NASDAQ:AMPL) CEO Sells $513,343.43 in Stock

Amplitude, Inc. (NASDAQ:AMPL) CEO Spenser Skates sold 42,743 shares of the company’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $12.01, for a total value of $513,343.43. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Spenser Skates also recently made the following trade(s):

• On Tuesday, November 11th, Spenser Skates sold 400,000 shares of Amplitude stock. The shares were sold at an average price of $10.99, for a total value of $4,396,000.00.

Amplitude Price Performance

NASDAQ AMPL traded down $0.10 during trading on Monday, hitting $11.83. 655,986 shares of the company’s stock traded hands, compared to its average volume of 1,289,714. Amplitude, Inc. has a 12-month low of $7.55 and a 12-month high of $14.88. The stock has a fifty day moving average of $10.59 and a two-hundred day moving average of $11.26. The firm has a market cap of $1.58 billion, a P/E ratio of -14.79 and a beta of 1.51.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.02 earnings per share for the quarter, beating 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 business had revenue of $88.56 million for the quarter, compared to analysts’ expectations of $86.29 million. During the same quarter in the previous year, the business posted $0.03 earnings per share. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. As a group, analysts expect that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AMPL shares. 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 research report on Friday, October 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Amplitude in a research note on Monday, December 22nd. Piper Sandler reaffirmed an “overweight” rating and set a $16.00 target price on shares of Amplitude in a report on Thursday, November 6th. BTIG Research began coverage on Amplitude in a research report on Tuesday, December 16th. They issued a “buy” rating and a $14.00 price objective for the company. Finally, Robert W. Baird increased their price objective on Amplitude from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Friday, December 19th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Alliancebernstein L.P. increased its stake in shares of Amplitude by 2,126.0% during the second quarter. Alliancebernstein L.P. now owns 4,160,481 shares of the company’s stock worth $51,590,000 after buying an additional 3,973,575 shares during the period. TimesSquare Capital Management LLC acquired a new position in shares of Amplitude during the 3rd quarter valued at about $21,922,000. Wellington Management Group LLP boosted its position in Amplitude by 783.5% during the 3rd quarter. Wellington Management Group LLP now owns 2,026,598 shares of the company’s stock worth $21,725,000 after purchasing an additional 1,797,228 shares during the period. Baillie Gifford & Co. raised its stake in Amplitude by 35.5% during the third quarter. Baillie Gifford & Co. now owns 2,681,896 shares of the company’s stock valued at $28,750,000 after buying an additional 703,328 shares in the last quarter. Finally, Gagnon Securities LLC bought a new position in shares of Amplitude during the third quarter valued at approximately $5,475,000. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

About Amplitude

Amplitude, Inc is a software company specializing in digital analytics and product intelligence solutions for businesses seeking to optimize user engagement and drive growth. Its core offering, the Amplitude Analytics platform, enables customers to collect and analyze behavioral data from web and mobile applications in real time. The platform provides advanced segmentation, funnel analysis, retention tracking and pathfinding tools that help product, marketing and data teams understand user journeys, identify friction points and measure the impact of new features.

Founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang, Amplitude is headquartered in Redwood City, California, with additional offices spanning North America, Europe and Asia.