Eric Vishria Sells 25,000 Shares of Amplitude, Inc. (NASDAQ:AMPL) Stock

Amplitude, Inc. (NASDAQ:AMPL) Director Eric Vishria sold 25,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 286,208 shares of the company’s stock, valued at approximately $2,913,597.44. This trade represents a 8.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Amplitude Price Performance

Shares of NASDAQ:AMPL traded down $0.18 on Thursday, hitting $10.07. 351,650 shares of the company’s stock were exchanged, compared to its average volume of 518,503. Amplitude, Inc. has a 12 month low of $7.37 and a 12 month high of $14.42. The stock has a market capitalization of $952.52 million, a price-to-earnings ratio of -15.64 and a beta of 1.31. The business’s 50 day simple moving average is $9.03 and its two-hundred day simple moving average is $8.84.

Institutional Trading of Amplitude

Several institutional investors and hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC bought a new stake in shares of Amplitude in the first quarter valued at about $32,000. Quest Partners LLC purchased a new stake in shares of Amplitude during the second quarter worth about $41,000. Russell Investments Group Ltd. purchased a new stake in shares of Amplitude during the first quarter worth about $45,000. Principal Financial Group Inc. purchased a new stake in shares of Amplitude during the second quarter worth about $92,000. Finally, MQS Management LLC purchased a new stake in shares of Amplitude during the first quarter worth about $120,000. 73.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMPL has been the subject of a number of analyst reports. Piper Sandler raised their price target on Amplitude from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Robert W. Baird raised their price target on Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Scotiabank raised their price target on Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. Finally, UBS Group lowered their price target on Amplitude from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.