Amplitude (NASDAQ:AMPL) Shares Gap Down – Time to Sell?

Amplitude, Inc. (NASDAQ:AMPL) gapped down before the market opened on Friday . The stock had previously closed at $14.44, but opened at $14.05. Amplitude shares last traded at $13.58, with a volume of 602,068 shares.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Scotiabank upped their price target on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. Piper Sandler lifted their target price on Amplitude from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday. DA Davidson upgraded Amplitude from a “neutral” rating to a “buy” rating and upped their target price for the company from $12.50 to $16.00 in a report on Thursday. Robert W. Baird upgraded Amplitude from a “neutral” rating to an “outperform” rating and upped their target price for the company from $12.00 to $17.00 in a report on Thursday. Finally, Morgan Stanley upped their target price on Amplitude from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Thursday. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.67.

Amplitude Trading Down 7.4 %

The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -17.38 and a beta of 1.37. The firm has a 50-day simple moving average of $11.46 and a two-hundred day simple moving average of $10.03.

Amplitude (NASDAQ:AMPL) last posted its earnings results on Wednesday, February 19th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.27). The business had revenue of $78.13 million during the quarter, compared to analyst estimates of $76.68 million. Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.45%. On average, sell-side analysts forecast that Amplitude, Inc. will post -0.61 earnings per share for the current year.

Insider Buying and Selling at Amplitude

In other Amplitude news, Director Eric Vishria sold 3,563 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $12.00, for a total value of $42,756.00. Following the completion of the sale, the director now owns 276,208 shares of the company’s stock, valued at approximately $3,314,496. This represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Amplitude

Several large investors have recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in Amplitude during the 4th quarter worth approximately $38,000. Aquatic Capital Management LLC increased its stake in Amplitude by 176.5% during the 4th quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company’s stock worth $44,000 after purchasing an additional 2,647 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Amplitude by 255.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company’s stock worth $75,000 after purchasing an additional 5,100 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in Amplitude by 22.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company’s stock valued at $86,000 after acquiring an additional 1,492 shares in the last quarter. Finally, Meros Investment Management LP bought a new stake in Amplitude in the 4th quarter valued at $102,000. Institutional investors own 73.20% of the company’s stock.

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.