Amplitude (NASDAQ:AMPL) Director Sells 10,000 Shares

Amplitude, Inc. (NASDAQ:AMPL) Director Erica Schultz sold 10,000 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $10.23, for a total value of $102,300.00. Following the completion of the sale, the director owned 107,406 shares of the company’s stock, valued at approximately $1,098,763.38. This trade represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Erica Schultz also recently made the following trade(s):

• On Wednesday, October 15th, Erica Schultz sold 10,000 shares of Amplitude stock. The shares were sold at an average price of $10.12, for a total transaction of $101,200.00.
• On Monday, September 15th, Erica Schultz sold 10,000 shares of Amplitude stock. The shares were sold at an average price of $11.06, for a total value of $110,600.00.

Amplitude Stock Performance

NASDAQ:AMPL traded down $0.05 on Wednesday, reaching $9.82. The company’s stock had a trading volume of 1,479,117 shares, compared to its average volume of 1,317,124. The firm has a market cap of $1.31 billion, a PE ratio of -12.27 and a beta of 1.51. Amplitude, Inc. has a 1-year low of $7.55 and a 1-year high of $14.88. The business’s 50-day moving average price is $10.52 and its two-hundred day moving average price is $11.45.

Amplitude (NASDAQ:AMPL) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. The company had revenue of $88.56 million during the quarter, compared to the consensus estimate 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 was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 earnings per share. Amplitude has set its FY 2025 guidance at 0.060-0.08 EPS. Q4 2025 guidance at 0.040-0.05 EPS. As a group, sell-side analysts expect that Amplitude, Inc. will post -0.62 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on AMPL shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amplitude in a research note on Wednesday, October 8th. Needham & Company LLC upped their price target on shares of Amplitude from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Robert W. Baird decreased their price objective on shares of Amplitude from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Piper Sandler reiterated an “overweight” rating and set a $16.00 target price on shares of Amplitude in a research report on Thursday, November 6th. Finally, DA Davidson reiterated a “buy” rating and issued a $16.00 target price on shares of Amplitude in a research note on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.40.

Institutional Investors Weigh In On Amplitude

A number of institutional investors and hedge funds have recently made changes to their positions in AMPL. Vanguard Group Inc. grew its position in Amplitude by 2.6% during the third quarter. Vanguard Group Inc. now owns 9,891,218 shares of the company’s stock worth $106,034,000 after buying an additional 252,646 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Amplitude by 1.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 9,091,044 shares of the company’s stock valued at $92,638,000 after acquiring an additional 94,815 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Amplitude by 44.8% during the third quarter. Alliancebernstein L.P. now owns 6,025,390 shares of the company’s stock worth $64,592,000 after purchasing an additional 1,864,909 shares in the last quarter. Sunriver Management LLC increased its position in shares of Amplitude by 2.1% in the first quarter. Sunriver Management LLC now owns 3,850,928 shares of the company’s stock worth $39,241,000 after purchasing an additional 78,120 shares during the last quarter. Finally, Baillie Gifford & Co. increased its position in shares of Amplitude by 35.5% in the third quarter. Baillie Gifford & Co. now owns 2,681,896 shares of the company’s stock worth $28,750,000 after purchasing an additional 703,328 shares during the last quarter. Hedge funds and other institutional investors own 73.20% of the company’s stock.

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.