Amplitude, Inc. (NASDAQ:AMPL – Get Free Report) CEO Spenser Skates sold 1,374 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $14.45, for a total value of $19,854.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Spenser Skates also recently made the following trade(s):
- On Thursday, October 1st, Spenser Skates sold 3,539 shares of Amplitude stock. The stock was sold at an average price of $14.45, for a total value of $51,138.55.
- On Thursday, September 10th, Spenser Skates sold 185,000 shares of Amplitude stock. The shares were sold at an average price of $12.30, for a total value of $2,275,500.00.
Amplitude Price Performance
Shares of NASDAQ AMPL opened at $14.52 on Monday. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -19.36 and a beta of 1.49. The stock’s fifty day moving average price is $12.52 and its two-hundred day moving average price is $9.14. Amplitude, Inc. has a one year low of $5.51 and a one year high of $14.76.
Analyst Ratings Changes
AMPL has been the topic of a number of recent research reports. UBS Group lifted their price target on shares of Amplitude from $8.50 to $13.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. DA Davidson raised their price objective on Amplitude from $10.00 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings upgraded Amplitude from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. Piper Sandler upped their target price on Amplitude from $13.00 to $18.00 and gave the company an “overweight” rating in a report on Wednesday, September 30th. Finally, BTIG Research increased their target price on shares of Amplitude from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.05.
Read Our Latest Analysis on Amplitude
Institutional Trading of Amplitude
Large investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new position in shares of Amplitude in the 2nd quarter worth about $48,000. Krilogy Financial LLC bought a new stake in shares of Amplitude during the 1st quarter valued at about $77,000. Kemnay Advisory Services Inc. bought a new stake in shares of Amplitude during the 4th quarter valued at about $119,000. Blue Trust Inc. grew its stake in Amplitude by 15.8% during the first quarter. Blue Trust Inc. now owns 40,204 shares of the company’s stock worth $274,000 after purchasing an additional 5,481 shares during the period. Finally, Inspire Investing LLC grew its stake in Amplitude by 85.4% during the first quarter. Inspire Investing LLC now owns 74,731 shares of the company’s stock worth $510,000 after purchasing an additional 34,431 shares during the period. 73.20% of the stock is currently owned by institutional investors and hedge funds.
About Amplitude
Amplitude, Inc is a software company that provides a digital analytics platform designed to help organizations understand and improve digital products and customer experiences. Its platform enables businesses to collect, analyze and visualize behavioral data from websites, mobile applications and other digital services.
The company’s product offerings include product analytics, session replay, experimentation and data management capabilities. These tools help product, marketing and engineering teams track user journeys, identify engagement trends, evaluate changes and make data-informed decisions throughout the product development and customer lifecycle.
Amplitude was founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang and is headquartered in San Francisco, California.
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