Amplitude, Inc. (NASDAQ:AMPL – Get Rating)'s stock price gapped down prior to trading on Thursday following insider selling activity. The stock had previously closed at $12.57, but opened at $11.95. Amplitude shares last traded at $11.20, with a volume of 4,874 shares traded.
Specifically, President Thomas Neergaard Hansen sold 19,638 shares of the business's stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $12.17, for a total value of $238,994.46. Following the completion of the transaction, the president now owns 967,394 shares of the company's stock, valued at approximately $11,773,184.98. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Amplitude news, Director Catherine Wong sold 3,515 shares of the business's stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $13.80, for a total value of $48,507.00. Following the completion of the transaction, the director now owns 103,910 shares of the company's stock, valued at approximately $1,433,958. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Thomas Neergaard Hansen sold 19,638 shares of the business's stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $12.17, for a total value of $238,994.46. Following the sale, the president now owns 967,394 shares of the company's stock, valued at $11,773,184.98. The disclosure for this sale can be found here. Insiders sold a total of 25,129 shares of company stock valued at $314,889 in the last quarter. 45.39% of the stock is owned by insiders.
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Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. William Blair restated an "outperform" rating on shares of Amplitude in a research note on Thursday, December 8th. UBS Group downgraded Amplitude from a "buy" rating to a "neutral" rating and cut their price objective for the company from $20.00 to $14.00 in a research note on Wednesday. Bank of America upgraded Amplitude from a "neutral" rating to a "buy" rating and set a $20.00 price objective for the company in a research note on Wednesday, January 4th. Piper Sandler lowered their price target on Amplitude from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Thursday, November 3rd. Finally, Robert W. Baird lowered their price target on Amplitude from $20.00 to $14.00 and set a "neutral" rating on the stock in a report on Wednesday, December 21st. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $17.88.
Amplitude Stock Performance
The company has a fifty day moving average of $13.06 and a two-hundred day moving average of $14.89. The company has a market cap of $1.41 billion, a PE ratio of -14.66 and a beta of 1.17.
Amplitude (NASDAQ:AMPL – Get Rating) last released its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.01. Amplitude had a negative return on equity of 25.09% and a negative net margin of 41.05%. The company had revenue of $61.61 million for the quarter, compared to analyst estimates of $60.19 million. During the same quarter in the prior year, the firm posted ($0.51) EPS. Amplitude's quarterly revenue was up 35.5% compared to the same quarter last year. On average, equities analysts forecast that Amplitude, Inc. will post -0.81 EPS for the current year.
Institutional Trading of Amplitude
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Toronado Partners LLC bought a new position in Amplitude in the 1st quarter valued at $18,993,000. Vanguard Group Inc. grew its position in Amplitude by 32.1% in the 1st quarter. Vanguard Group Inc. now owns 3,922,497 shares of the company's stock valued at $72,291,000 after acquiring an additional 952,406 shares during the last quarter. State Street Corp grew its position in Amplitude by 512.7% in the 2nd quarter. State Street Corp now owns 971,972 shares of the company's stock valued at $13,889,000 after acquiring an additional 813,324 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in Amplitude by 5,056.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 637,881 shares of the company's stock valued at $9,868,000 after acquiring an additional 625,511 shares during the last quarter. Finally, Whale Rock Capital Management LLC grew its position in Amplitude by 859.5% in the 2nd quarter. Whale Rock Capital Management LLC now owns 604,558 shares of the company's stock valued at $8,639,000 after acquiring an additional 541,552 shares during the last quarter. Hedge funds and other institutional investors own 40.90% of the company's stock.
About Amplitude
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Amplitude, Inc provides a digital optimization system to analyze customer behavior within digital products in the United States and internationally. It offers Amplitude analytics for insights of customer behavior; Amplitude Recommend, a no-code personalization solution that helps to increase customer engagement by adapting digital products and campaigns to every user based on behavior; Amplitude Experiment, an integrated solution that enables teams to determine and deliver the product experiences for their customers through A/B tests and controlled feature releases; Amplitude Behavioral Graph, a proprietary database for deep, real-time interactive behavioral analysis, and behavior-driven personalization – instantly joining, analyzing, and correlating any customer actions to outcomes, such as engagement, growth, and loyalty; and data management, a real-time data layer for planning, integrating, and managing data sources to create a foundation with identity resolution, enterprise-level security, and privacy solutions.
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