Insider Selling: Amplitude, Inc. (NASDAQ:AMPL) Director Sells 6,437 Shares of Stock

Amplitude, Inc. (NASDAQ:AMPL) Director Eric Vishria sold 6,437 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $12.02, for a total transaction of $77,372.74. Following the completion of the sale, the director now owns 279,771 shares of the company’s stock, valued at $3,362,847.42. The trade was a 2.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Eric Vishria also recently made the following trade(s):

• On Tuesday, November 12th, Eric Vishria sold 25,000 shares of Amplitude stock. The stock was sold at an average price of $10.18, for a total transaction of $254,500.00.

Amplitude Trading Up 1.1 %

NASDAQ AMPL traded up $0.13 during mid-day trading on Monday, hitting $11.89. The company’s stock had a trading volume of 413,163 shares, compared to its average volume of 508,557. The company’s 50 day simple moving average is $9.89 and its 200 day simple moving average is $9.02. Amplitude, Inc. has a twelve month low of $7.37 and a twelve month high of $14.42. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -17.55 and a beta of 1.38.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AMPL shares. Piper Sandler lifted their price objective on shares of Amplitude from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Scotiabank lifted their price objective on shares of Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Robert W. Baird upped their price objective on shares of Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, KeyCorp upgraded shares of Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price objective on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.57.

Hedge Funds Weigh In On Amplitude

A number of hedge funds have recently bought and sold shares of AMPL. Principal Financial Group Inc. purchased a new position in Amplitude during the 2nd quarter worth $92,000. Rhumbline Advisers raised its stake in Amplitude by 14.5% in the 2nd quarter. Rhumbline Advisers now owns 103,237 shares of the company’s stock valued at $919,000 after acquiring an additional 13,099 shares during the period. TD Asset Management Inc increased its position in shares of Amplitude by 24.2% during the second quarter. TD Asset Management Inc now owns 224,818 shares of the company’s stock valued at $2,001,000 after buying an additional 43,780 shares during the period. Arizona State Retirement System grew its holdings in shares of Amplitude by 14.4% during the second quarter. Arizona State Retirement System now owns 21,037 shares of the company’s stock worth $187,000 after purchasing an additional 2,642 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in shares of Amplitude during the second quarter worth about $41,000. 73.20% of the stock is owned by hedge funds and other institutional investors.

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.