Amplitude (NASDAQ:AMPL) CEO Spenser Skates Sells 42,743 Shares of Stock

Amplitude, Inc. (NASDAQ:AMPL) CEO Spenser Skates sold 42,743 shares of the business’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 legal filing with the SEC, which is accessible through 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 stock was sold at an average price of $10.99, for a total value of $4,396,000.00.

Amplitude Stock Performance

AMPL opened at $11.83 on Tuesday. The stock has a market capitalization of $1.58 billion, a PE ratio of -14.79 and a beta of 1.51. The stock’s 50 day moving average price is $10.62 and its 200-day moving average price is $11.26. Amplitude, Inc. has a 52-week low of $7.55 and a 52-week high of $14.88.

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. The business had revenue of $88.56 million for the quarter, compared to analysts’ expectations of $86.29 million. Amplitude had a negative net margin of 31.36% and a negative return on equity of 36.27%. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 earnings per share. Research analysts forecast that Amplitude, Inc. will post -0.62 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AMPL shares. UBS Group raised shares of Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Friday, October 31st. BTIG Research began coverage on Amplitude in a research note on Tuesday, December 16th. They issued a “buy” rating and a $14.00 target price for the company. Piper Sandler reaffirmed an “overweight” rating and issued a $16.00 price target on shares of Amplitude in a research note on Thursday, November 6th. DA Davidson reissued a “buy” rating and set a $16.00 price objective on shares of Amplitude in a research report on Monday, September 29th. Finally, Robert W. Baird boosted their target price on shares of Amplitude from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Friday, December 19th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued 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.com, Amplitude has an average rating of “Moderate Buy” and a consensus price target of $14.40.

Institutional Investors Weigh In On Amplitude

Several hedge funds have recently added to or reduced their stakes in the stock. Quarry LP bought a new position in shares of Amplitude during the third quarter valued at $32,000. State of Alaska Department of Revenue purchased a new stake in Amplitude during the 3rd quarter valued at about $48,000. Osaic Holdings Inc. increased its stake in Amplitude by 57.8% during the 2nd quarter. Osaic Holdings Inc. now owns 5,132 shares of the company’s stock valued at $64,000 after purchasing an additional 1,879 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Amplitude by 33.3% in the first quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company’s stock worth $59,000 after buying an additional 1,455 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Amplitude by 86.5% in the second quarter. Tower Research Capital LLC TRC now owns 10,477 shares of the company’s stock worth $130,000 after buying an additional 4,858 shares in the last quarter. 73.20% of the stock is owned by 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.