Amplitude (NASDAQ:AMPL) Stock: Insider Spenser Skates Sells 901 Shares

Amplitude, Inc. (NASDAQ:AMPL) CEO Spenser Skates sold 901 shares of Amplitude stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $17.46, for a total value of $15,731.46. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Spenser Skates also recently made the following trade(s):

• On Thursday, November 5th, Spenser Skates sold 61 shares of Amplitude stock. The shares were sold at an average price of $18.12, for a total transaction of $1,105.32.
• On Wednesday, October 28th, Spenser Skates sold 6,651 shares of Amplitude stock. The stock was sold at an average price of $17.53, for a total transaction of $116,592.03.
• On Monday, October 26th, Spenser Skates sold 300 shares of Amplitude stock. The stock was sold at an average price of $17.46, for a total transaction of $5,238.00.
• On Friday, October 23rd, Spenser Skates sold 107,136 shares of Amplitude stock. The stock was sold at an average price of $17.52, for a total transaction of $1,877,022.72.
• On Friday, October 2nd, Spenser Skates sold 70,087 shares of Amplitude stock. The shares were sold at an average price of $14.52, for a total transaction of $1,017,663.24.
• On Thursday, October 1st, Spenser Skates sold 3,539 shares of Amplitude stock. The shares were sold at an average price of $14.45, for a total transaction of $51,138.55.
• On Wednesday, September 30th, Spenser Skates sold 1,374 shares of Amplitude stock. The shares were sold at an average price of $14.45, for a total transaction of $19,854.30.
• On Thursday, September 10th, Spenser Skates sold 185,000 shares of Amplitude stock. The stock was sold at an average price of $12.30, for a total transaction of $2,275,500.00.

Amplitude Stock Performance

Shares of NASDAQ:AMPL opened at $16.70 on Friday. The firm has a market cap of $1.69 billion, a PE ratio of -21.97 and a beta of 1.30. The firm’s 50 day simple moving average is $14.81 and its 200-day simple moving average is $9.79. Amplitude, Inc. has a one year low of $5.51 and a one year high of $18.85.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. The firm had revenue of $110.64 million during the quarter, compared to the consensus estimate of $107.02 million. Amplitude had a negative net margin of 25.24% and a negative return on equity of 45.71%. Equities research analysts predict that Amplitude, Inc. will post -0.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in Amplitude by 368.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 617,713 shares of the company’s stock valued at $4,213,000 after buying an additional 485,752 shares in the last quarter. First Trust Advisors LP boosted its holdings in Amplitude by 362.8% in the first quarter. First Trust Advisors LP now owns 424,566 shares of the company’s stock worth $2,896,000 after acquiring an additional 332,830 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in Amplitude by 43.4% in the second quarter. Squarepoint Ops LLC now owns 1,021,647 shares of the company’s stock worth $7,816,000 after acquiring an additional 309,252 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Amplitude during the second quarter worth about $2,204,000. Finally, Vontobel Holding Ltd. purchased a new stake in shares of Amplitude during the third quarter worth about $1,011,000. Institutional investors own 73.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. BTIG Research upped their target price on Amplitude from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday. Piper Sandler raised their price target on Amplitude from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday. UBS Group lifted their price objective on Amplitude from $13.00 to $22.00 and gave the company a “buy” rating in a report on Thursday. Citigroup upped their price objective on shares of Amplitude from $11.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Morgan Stanley increased their target price on shares of Amplitude from $12.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.64.

Amplitude News Roundup

Here are the key news stories impacting Amplitude this week:

• Positive Sentiment: Q3 results beat expectations. Amplitude reported earnings of $0.04 per share versus the $0.03 consensus and revenue of $110.65 million versus estimates of $107.02 million. Reports also highlighted 25% revenue growth and a full-year outlook above expectations—signs of solid business momentum. Q3 earnings results Sales and outlook
• Positive Sentiment: Analysts raised price targets after the report. UBS lifted its target to $22 and maintained a Buy rating; KeyCorp and Piper Sandler also raised targets to $22 with Overweight ratings. Needham raised its target to $21 and BTIG to $19, both with Buy ratings. These revisions suggest analysts see further potential after the results. UBS target increase Analyst forecast changes
• Neutral Sentiment: Citigroup’s view was more cautious. Citi raised its target from $11 to $18 but retained a Neutral rating, implying more limited upside than the higher targets from other firms. Citigroup rating
• Neutral Sentiment: The CEO reported small stock sales. Spenser Skates sold 962 shares across two transactions for about $16,837 in total. The disclosed sales are modest in size and may have limited significance for investors. SEC filing

About Amplitude

Amplitude, Inc is a software company that provides digital analytics and product experience solutions. Its platform helps organizations collect, analyze and act on user behavior data across websites, mobile applications and other digital products.

The company’s offerings include Amplitude Analytics, which enables teams to measure user engagement, retention and conversion; experimentation tools for testing product changes; session replay capabilities for reviewing user interactions; and data management and governance features.