Amesite (NASDAQ:AMST) Director Buys $351,218.88 in Stock

Amesite Inc. (NASDAQ:AMST) Director George Parmer purchased 243,902 shares of Amesite stock in a transaction that occurred on Tuesday, April 28th. The shares were bought at an average price of $1.44 per share, for a total transaction of $351,218.88. Following the transaction, the director owned 566,962 shares in the company, valued at $816,425.28. This represents a 75.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Amesite Trading Up 17.3%

Amesite stock opened at $2.03 on Thursday. Amesite Inc. has a 1 year low of $0.77 and a 1 year high of $4.78. The company has a market cap of $11.88 million, a PE ratio of -3.22 and a beta of 0.86. The company’s 50-day moving average is $1.52 and its two-hundred day moving average is $1.96.

Amesite (NASDAQ:AMST) last released its earnings results on Monday, May 18th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.96) by $0.81. Amesite had a negative net margin of 873.02% and a negative return on equity of 154.31%. The company had revenue of $0.08 million for the quarter, compared to the consensus estimate of $0.25 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Amesite from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Amesite has a consensus rating of “Sell”.

Institutional Trading of Amesite

An institutional investor recently bought a new position in Amesite stock. Virtu Financial LLC purchased a new stake in Amesite Inc. (NASDAQ:AMST) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 14,708 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned 0.32% of Amesite at the end of the most recent reporting period. 3.60% of the stock is currently owned by hedge funds and other institutional investors.

Amesite Company Profile

Amesite, Inc (NASDAQ: AMST) is a software company specializing in AI-driven digital learning and training solutions. Its cloud-based platform enables organizations to create, manage and deliver customized online courses and professional development programs. Leveraging machine learning and natural language processing, the platform offers real-time analytics, adaptive content recommendations, multimedia assessments and community collaboration tools to support both synchronous and asynchronous learning.

The company’s primary end markets include corporate enterprises, higher education institutions, government agencies and nonprofit organizations.