Catherine Wong Sells 3,515 Shares of Amplitude, Inc. (NASDAQ:AMPL) Stock

Amplitude, Inc. (NASDAQ:AMPL) Director Catherine Wong sold 3,515 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $9.16, for a total transaction of $32,197.40. Following the completion of the transaction, the director now owns 82,820 shares of the company’s stock, valued at approximately $758,631.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Catherine Wong also recently made the following trade(s):

• On Friday, February 23rd, Catherine Wong sold 3,515 shares of Amplitude stock. The stock was sold at an average price of $11.97, for a total value of $42,074.55.

Amplitude Stock Up 0.5 %

AMPL opened at $9.56 on Wednesday. Amplitude, Inc. has a 52-week low of $8.76 and a 52-week high of $14.42. The company has a 50 day moving average of $10.16 and a two-hundred day moving average of $11.44. The company has a market cap of $1.15 billion, a P/E ratio of -13.10 and a beta of 1.36.

Amplitude (NASDAQ:AMPL) last announced its quarterly earnings results on Tuesday, February 20th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). Amplitude had a negative return on equity of 26.15% and a negative net margin of 30.28%. The business had revenue of $71.40 million for the quarter, compared to analysts’ expectations of $71.56 million. Research analysts anticipate that Amplitude, Inc. will post -0.62 earnings per share for the current year.

Hedge Funds Weigh In On Amplitude

Several hedge funds and other institutional investors have recently bought and sold shares of AMPL. Vishria Bird Financial Group LLC increased its position in shares of Amplitude by 0.4% in the 4th quarter. Vishria Bird Financial Group LLC now owns 198,557 shares of the company’s stock worth $2,526,000 after purchasing an additional 885 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Amplitude by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,984 shares of the company’s stock worth $141,000 after buying an additional 1,099 shares during the last quarter. ProShare Advisors LLC lifted its stake in Amplitude by 10.2% in the first quarter. ProShare Advisors LLC now owns 12,356 shares of the company’s stock valued at $134,000 after buying an additional 1,145 shares during the last quarter. Arizona State Retirement System grew its position in Amplitude by 8.6% in the 4th quarter. Arizona State Retirement System now owns 17,278 shares of the company’s stock worth $220,000 after purchasing an additional 1,362 shares during the last quarter. Finally, Spouting Rock Asset Management LLC increased its stake in shares of Amplitude by 12.1% in the third quarter. Spouting Rock Asset Management LLC now owns 16,021 shares of the company’s stock valued at $185,000 after purchasing an additional 1,724 shares during the period. 73.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on AMPL shares. Scotiabank cut shares of Amplitude from a “sector outperform” rating to a “sector perform” rating and set a $12.00 price objective on the stock. in a research note on Wednesday, February 21st. Piper Sandler reiterated a “neutral” rating and set a $11.00 price target on shares of Amplitude in a research report on Wednesday, February 21st. Citigroup lowered their target price on Amplitude from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, February 21st. UBS Group lowered their price target on shares of Amplitude from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Friday, May 10th. Finally, Morgan Stanley reduced their target price on Amplitude from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Friday, May 10th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $11.20.

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.