Erica Schultz Sells 10,000 Shares of Amplitude (NASDAQ:AMPL) Stock

Amplitude, Inc. (NASDAQ:AMPL) Director Erica Schultz sold 10,000 shares of Amplitude stock in a transaction on Monday, November 17th. The stock was sold at an average price of $10.23, for a total transaction of $102,300.00. Following the sale, the director directly owned 107,406 shares of the company’s stock, valued at $1,098,763.38. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Erica Schultz also recently made the following trade(s):

• On Wednesday, October 15th, Erica Schultz sold 10,000 shares of Amplitude stock. The shares were sold at an average price of $10.12, for a total value of $101,200.00.
• On Monday, September 15th, Erica Schultz sold 10,000 shares of Amplitude stock. The shares were sold at an average price of $11.06, for a total value of $110,600.00.

Amplitude Price Performance

AMPL stock traded down $0.05 during mid-day trading on Wednesday, hitting $9.82. 1,479,117 shares of the stock were exchanged, compared to its average volume of 1,317,124. The business has a fifty day moving average price of $10.52 and a 200 day moving average price of $11.45. Amplitude, Inc. has a 12 month low of $7.55 and a 12 month high of $14.88. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -12.27 and a beta of 1.51.

Amplitude (NASDAQ:AMPL) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $88.56 million for the quarter, compared to analyst estimates of $86.29 million. Amplitude had a negative return on equity of 36.27% and a negative net margin of 31.36%.The company’s revenue was up 17.8% on a year-over-year basis. During the same period in the prior 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. As a group, equities analysts forecast that Amplitude, Inc. will post -0.62 EPS for the current fiscal year.

Institutional Trading of Amplitude

A number of institutional investors have recently modified their holdings of AMPL. Quarry LP bought a new stake in shares of Amplitude in the third quarter worth about $32,000. State of Alaska Department of Revenue purchased a new stake in Amplitude in the 3rd quarter worth approximately $48,000. Russell Investments Group Ltd. lifted its holdings in Amplitude by 33.3% in the 1st quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company’s stock worth $59,000 after buying an additional 1,455 shares during the period. Osaic Holdings Inc. grew its position in shares of Amplitude by 57.8% in the 2nd 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. Finally, Legato Capital Management LLC purchased a new position in shares of Amplitude during the third quarter valued at approximately $112,000. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on AMPL. UBS Group raised shares of Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Friday, October 31st. Piper Sandler reaffirmed an “overweight” rating and set a $16.00 target price on shares of Amplitude in a report on Thursday, November 6th. Robert W. Baird lowered their price target on shares of Amplitude from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. DA Davidson restated a “buy” rating and set a $16.00 price target on shares of Amplitude in a research report on Monday, September 29th. Finally, Needham & Company LLC raised their price objective on Amplitude from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $14.40.

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.