Amplitude (NASDAQ:AMPL) Reaches New 1-Year Low Following Insider Selling

Amplitude, Inc. (NASDAQ:AMPLGet Rating) shares reached a new 52-week low on Tuesday after an insider sold shares in the company. The company traded as low as $13.30 and last traded at $13.34, with a volume of 1040 shares changing hands. The stock had previously closed at $13.74.

Specifically, Director Catherine Wong sold 3,515 shares of the business’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $13.80, for a total value of $48,507.00. Following the completion of the sale, 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 hyperlink. In other Amplitude news, CAO Ninos Sarkis sold 1,976 shares of Amplitude stock in a transaction on Friday, November 18th. The shares were sold at an average price of $13.86, for a total transaction of $27,387.36. Following the sale, the chief accounting officer now owns 54,116 shares of the company’s stock, valued at approximately $750,047.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Catherine Wong sold 3,515 shares of Amplitude stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $13.80, for a total transaction of $48,507.00. Following the sale, the director now directly owns 103,910 shares in the company, valued at approximately $1,433,958. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,459 shares of company stock valued at $272,878. 45.39% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. UBS Group lowered their target price on shares of Amplitude from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, August 4th. Morgan Stanley lowered their target price on shares of Amplitude from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 19th. Citigroup boosted their price target on shares of Amplitude from $22.00 to $25.00 in a research report on Thursday, August 4th. Finally, Piper Sandler lowered their price target on shares of Amplitude from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, November 3rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Amplitude presently has an average rating of “Moderate Buy” and an average price target of $24.29.

Amplitude Stock Up 4.5 %

The stock’s 50-day simple moving average is $15.34 and its 200 day simple moving average is $16.02. The company has a market cap of $1.59 billion, a price-to-earnings ratio of -17.10 and a beta of 1.32.

Amplitude (NASDAQ:AMPLGet Rating) last posted its earnings results on Wednesday, November 2nd. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. Amplitude had a negative net margin of 41.05% and a negative return on equity of 25.09%. The company had revenue of $61.61 million for the quarter, compared to analysts’ expectations of $60.19 million. During the same quarter in the prior year, the company posted ($0.51) earnings per share. Amplitude’s revenue for the quarter was up 35.5% compared to the same quarter last year. On average, sell-side analysts expect that Amplitude, Inc. will post -0.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AMPL. Vanguard Group Inc. increased its stake in Amplitude by 15.9% during the third quarter. Vanguard Group Inc. now owns 4,762,031 shares of the company’s stock worth $73,669,000 after purchasing an additional 651,852 shares during the period. BlackRock Inc. increased its stake in Amplitude by 10.4% during the third quarter. BlackRock Inc. now owns 3,392,821 shares of the company’s stock worth $52,486,000 after purchasing an additional 319,443 shares during the period. SC US Ttgp LTD. increased its stake in Amplitude by 1,090.0% during the first quarter. SC US Ttgp LTD. now owns 2,798,951 shares of the company’s stock worth $51,585,000 after purchasing an additional 2,563,750 shares during the period. Cadian Capital Management LP increased its stake in Amplitude by 10.5% during the third quarter. Cadian Capital Management LP now owns 2,235,149 shares of the company’s stock worth $34,578,000 after purchasing an additional 212,500 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Amplitude by 11.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 2,141,579 shares of the company’s stock worth $30,603,000 after purchasing an additional 223,041 shares during the period. Institutional investors and hedge funds own 46.07% 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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