Insider Buying: Amesite (NASDAQ:AMST) Director Purchases 243,902 Shares of Stock

Amesite Inc. (NASDAQ:AMST) Director George Parmer acquired 243,902 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were bought at an average cost of $1.44 per share, with a total value of $351,218.88. Following the completion of the transaction, the director directly owned 566,962 shares in the company, valued at $816,425.28. This trade represents a 75.50% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Amesite Trading Down 4.6%

Shares of AMST traded down $0.04 during mid-day trading on Monday, hitting $0.79. The company’s stock had a trading volume of 2,257,074 shares, compared to its average volume of 205,466. The firm has a 50-day simple moving average of $1.53 and a 200 day simple moving average of $2.00. The firm has a market capitalization of $3.59 million, a P/E ratio of -1.23 and a beta of 0.86. Amesite Inc. has a 1-year low of $0.77 and a 1-year high of $4.78.

Amesite (NASDAQ:AMST) last posted its quarterly earnings results on Monday, May 18th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.96) by $0.81. The business had revenue of $0.08 million during the quarter, compared to analysts’ expectations of $0.25 million. Amesite had a negative return on equity of 118.33% and a negative net margin of 1,024.91%.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Amesite from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On Amesite

A hedge fund recently bought a new stake in Amesite stock. HRT Financial LP acquired a new stake in Amesite Inc. (NASDAQ:AMST) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 22,040 shares of the company’s stock, valued at approximately $41,000. HRT Financial LP owned 0.48% of Amesite as of its most recent SEC filing. 3.60% of the stock is currently owned by hedge funds and other institutional investors.

About Amesite

Amesite, Inc (NASDAQ: AMST) is a software company specializing in AI-driven digital learning and training solutions. Its cloud-based platform enables organizations to create, manage and deliver customized online courses and professional development programs. Leveraging machine learning and natural language processing, the platform offers real-time analytics, adaptive content recommendations, multimedia assessments and community collaboration tools to support both synchronous and asynchronous learning.

The company’s primary end markets include corporate enterprises, higher education institutions, government agencies and nonprofit organizations.