Amplitude (NASDAQ:AMPL) CFO Andrew Casey Buys 30,000 Shares

Amplitude, Inc. (NASDAQ:AMPL) CFO Andrew Casey bought 30,000 shares of Amplitude stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average cost of $9.99 per share, with a total value of $299,700.00. Following the completion of the acquisition, the chief financial officer directly owned 1,160,608 shares in the company, valued at $11,594,473.92. This represents a 2.65% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Amplitude Price Performance

Shares of NASDAQ:AMPL opened at $11.04 on Thursday. The firm’s 50 day simple moving average is $10.59 and its two-hundred day simple moving average is $11.41. The company has a market capitalization of $1.13 billion, a P/E ratio of -13.80 and a beta of 1.51. Amplitude, Inc. has a 1-year low of $7.55 and a 1-year high of $14.88.

Amplitude (NASDAQ:AMPL) last released its earnings results on Wednesday, November 5th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $88.56 million for the quarter, compared to analysts’ expectations of $86.29 million. Amplitude had a negative net margin of 31.36% and a negative return on equity of 36.27%. Amplitude’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.03 EPS. Amplitude has set its FY 2025 guidance at 0.060-0.08 EPS. Q4 2025 guidance at 0.040-0.05 EPS. On average, sell-side analysts anticipate that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on AMPL. Piper Sandler reiterated an “overweight” rating and set a $16.00 target price on shares of Amplitude in a research report on Thursday, November 6th. Wall Street Zen downgraded shares of Amplitude from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. Needham & Company LLC raised their target price on shares of Amplitude from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. UBS Group upgraded shares of Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Friday, October 31st. Finally, Robert W. Baird dropped their price objective on shares of Amplitude from $16.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $14.40.

Institutional Trading of Amplitude

Several hedge funds have recently made changes to their positions in the business. ProShare Advisors LLC grew its position in Amplitude by 5.6% in the second quarter. ProShare Advisors LLC now owns 17,865 shares of the company’s stock worth $222,000 after acquiring an additional 955 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Amplitude by 3.9% in the 3rd quarter. Blue Trust Inc. now owns 34,092 shares of the company’s stock valued at $365,000 after purchasing an additional 1,265 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Amplitude by 2.9% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,739 shares of the company’s stock valued at $592,000 after purchasing an additional 1,340 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Amplitude by 33.3% during the 1st quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company’s stock valued at $59,000 after buying an additional 1,455 shares during the period. Finally, Osaic Holdings Inc. lifted its position in Amplitude by 57.8% in the second quarter. Osaic Holdings Inc. now owns 5,132 shares of the company’s stock worth $64,000 after buying an additional 1,879 shares during the last quarter. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

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.