Insider Selling: Amplitude, Inc. (NASDAQ:AMPL) Director Sells $42,756.00 in Stock

Amplitude, Inc. (NASDAQ:AMPL) Director Eric Vishria sold 3,563 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $12.00, for a total transaction of $42,756.00. Following the transaction, the director now directly owns 276,208 shares of the company’s stock, valued at $3,314,496. This represents a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, December 13th, Eric Vishria sold 6,437 shares of Amplitude stock. The shares were sold at an average price of $12.02, for a total value of $77,372.74.
• On Tuesday, November 12th, Eric Vishria sold 25,000 shares of Amplitude stock. The shares were sold at an average price of $10.18, for a total value of $254,500.00.

Amplitude Stock Performance

Shares of AMPL stock opened at $12.18 on Friday. The company has a market capitalization of $1.15 billion, a PE ratio of -18.18 and a beta of 1.34. Amplitude, Inc. has a 52-week low of $7.37 and a 52-week high of $14.42. The business’s fifty day moving average is $11.04 and its 200 day moving average is $9.63.

Institutional Trading of Amplitude

A number of large investors have recently modified their holdings of AMPL. New York State Common Retirement Fund raised its stake in Amplitude by 79.7% in the fourth quarter. New York State Common Retirement Fund now owns 23,680 shares of the company’s stock valued at $250,000 after purchasing an additional 10,500 shares in the last quarter. Rhumbline Advisers raised its position in shares of Amplitude by 1.0% during the 4th quarter. Rhumbline Advisers now owns 101,954 shares of the company’s stock valued at $1,076,000 after buying an additional 1,040 shares in the last quarter. Blue Trust Inc. grew its position in Amplitude by 57.7% in the fourth quarter. Blue Trust Inc. now owns 30,783 shares of the company’s stock worth $325,000 after acquiring an additional 11,265 shares in the last quarter. Savant Capital LLC bought a new position in Amplitude in the fourth quarter valued at $1,455,000. Finally, SG Americas Securities LLC raised its position in Amplitude by 15.7% during the fourth quarter. SG Americas Securities LLC now owns 42,107 shares of the company’s stock valued at $444,000 after purchasing an additional 5,726 shares in the last quarter. Institutional investors own 73.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AMPL. KeyCorp raised Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price objective for the company in a report on Friday, December 13th. Scotiabank upped their price target 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 upgraded shares of Amplitude from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $11.00 to $15.00 in a research note on Monday, January 6th. Morgan Stanley upgraded Amplitude from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $10.00 to $11.00 in a research report on Monday, January 13th. Finally, Robert W. Baird lifted their price target on Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $12.43.

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.