Amplitude (NASDAQ:AMPL – Get Rating) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of -($0.12-0.11) for the period, compared to the consensus estimate of ($0.12). The company issued revenue guidance of $54.5-55.5 million, compared to the consensus revenue estimate of $55.14 million.Amplitude also updated its FY22 guidance to -($0.41-0.39) EPS.
NASDAQ AMPL traded up $0.01 on Friday, reaching $16.82. The company had a trading volume of 1,227,239 shares, compared to its average volume of 981,359. The firm’s 50 day moving average price is $18.50 and its 200 day moving average price is $41.02. Amplitude has a 12 month low of $15.17 and a 12 month high of $87.98.
Amplitude (NASDAQ:AMPL – Get Rating) last issued its quarterly earnings data on Wednesday, May 4th. The company reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.60). The business had revenue of $53.10 million for the quarter, compared to analyst estimates of $50.84 million. During the same period in the prior year, the firm earned ($0.13) earnings per share. The firm’s quarterly revenue was up 60.4% on a year-over-year basis. As a group, analysts forecast that Amplitude will post -0.4 EPS for the current fiscal year.
In related news, major shareholder Us (Ttgp) Ltd. Sc acquired 552,532 shares of the stock in a transaction on Tuesday, February 22nd. The stock was bought at an average cost of $20.30 per share, with a total value of $11,216,399.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Patrick W. Grady acquired 186,217 shares of the stock in a transaction on Wednesday, February 23rd. The stock was bought at an average cost of $20.51 per share, with a total value of $3,819,310.67. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 2,563,748 shares of company stock valued at $49,947,941. 63.43% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in AMPL. Advisor Group Holdings Inc. purchased a new stake in shares of Amplitude in the 4th quarter worth approximately $35,000. Thrive Capital Management LLC purchased a new stake in shares of Amplitude in the 3rd quarter worth approximately $74,000. Morgan Stanley purchased a new stake in shares of Amplitude in the 3rd quarter worth approximately $173,000. Parametric Portfolio Associates LLC purchased a new stake in shares of Amplitude in the 4th quarter worth approximately $316,000. Finally, Credit Suisse AG purchased a new stake in shares of Amplitude in the 4th quarter worth approximately $771,000. 79.32% of the stock is owned by institutional investors.
Amplitude Company Profile (Get Rating)
Amplitude, Inc provides a digital optimization system to analyze customer behavior within digital products in the United States and internationally. It offers Amplitude analytics for insights of customer behavior; Amplitude Recommend, a no-code personalization solution that helps to increase customer engagement by adapting digital products and campaigns to every user based on behavior; Amplitude Experiment, an integrated solution that enables teams to determine and deliver the product experiences for their customers through A/B tests and controlled feature releases; Amplitude Behavioral Graph, a proprietary database for deep, real-time interactive behavioral analysis, and behavior-driven personalization – instantly joining, analyzing, and correlating any customer actions to outcomes, such as engagement, growth, and loyalty; and data management, a real-time data layer for planning, integrating, and managing data sources to create a foundation with identity resolution, enterprise-level security, and privacy solutions.
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