Amplitude, Inc. (NASDAQ:AMPL) Director Sells $254,500.00 in Stock

Amplitude, Inc. (NASDAQ:AMPL) Director Eric Vishria sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $10.18, for a total transaction of $254,500.00. Following the transaction, the director now directly owns 286,208 shares in the company, valued at $2,913,597.44. The trade was a 8.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Amplitude Trading Down 4.8 %

Shares of AMPL stock opened at $9.59 on Friday. The company has a market capitalization of $907.13 million, a PE ratio of -14.31 and a beta of 1.31. The firm has a fifty day simple moving average of $9.07 and a 200-day simple moving average of $8.84. Amplitude, Inc. has a twelve month low of $7.37 and a twelve month high of $14.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. M&T Bank Corp boosted its stake in shares of Amplitude by 86.8% in the third quarter. M&T Bank Corp now owns 156,688 shares of the company’s stock valued at $1,405,000 after purchasing an additional 72,806 shares during the period. Barclays PLC boosted its stake in shares of Amplitude by 371.7% in the third quarter. Barclays PLC now owns 128,537 shares of the company’s stock valued at $1,153,000 after purchasing an additional 101,289 shares during the period. Circumference Group LLC purchased a new position in shares of Amplitude in the third quarter valued at $1,597,000. ArrowMark Colorado Holdings LLC boosted its stake in Amplitude by 56.6% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,482,738 shares of the company’s stock valued at $13,300,000 after acquiring an additional 535,624 shares during the last quarter. Finally, PDT Partners LLC boosted its stake in Amplitude by 15.8% during the 3rd quarter. PDT Partners LLC now owns 99,240 shares of the company’s stock valued at $890,000 after acquiring an additional 13,563 shares during the last quarter. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMPL. Scotiabank upped their price objective on shares of Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Piper Sandler upped their price target on shares of Amplitude from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. UBS Group dropped their price target on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, Robert W. Baird increased their price objective on shares of Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.00.

Amplitude Company Profile

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.