Amplitude, Inc. (NASDAQ:AMPL) Director Eric Vishria Sells 3,563 Shares

Amplitude, Inc. (NASDAQ:AMPL) Director Eric Vishria sold 3,563 shares of Amplitude stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $12.00, for a total transaction of $42,756.00. Following the completion of the transaction, the director now owns 276,208 shares in the company, valued at approximately $3,314,496. The trade was a 1.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Eric Vishria also recently made the following trade(s):

• On Friday, December 13th, Eric Vishria sold 6,437 shares of Amplitude stock. The shares were sold at an average price of $12.02, for a total value of $77,372.74.
• On Tuesday, November 12th, Eric Vishria sold 25,000 shares of Amplitude stock. The shares were sold at an average price of $10.18, for a total value of $254,500.00.

Amplitude Price Performance

AMPL stock opened at $12.18 on Friday. The stock has a market capitalization of $1.15 billion, a P/E ratio of -18.18 and a beta of 1.34. Amplitude, Inc. has a 1-year low of $7.37 and a 1-year high of $14.42. The business has a fifty day moving average price of $11.04 and a 200-day moving average price of $9.63.

Hedge Funds Weigh In On Amplitude

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Intech Investment Management LLC purchased a new position in shares of Amplitude during the third quarter valued at approximately $128,000. XTX Topco Ltd bought a new position in shares of Amplitude during the 2nd quarter valued at $133,000. Blue Trust Inc. boosted its stake in shares of Amplitude by 13.5% in the 3rd quarter. Blue Trust Inc. now owns 19,518 shares of the company’s stock worth $174,000 after buying an additional 2,324 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Amplitude by 19.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,146 shares of the company’s stock worth $199,000 after acquiring an additional 3,552 shares during the period. Finally, New York State Common Retirement Fund increased its position in Amplitude by 79.7% during the fourth quarter. New York State Common Retirement Fund now owns 23,680 shares of the company’s stock valued at $250,000 after acquiring an additional 10,500 shares during the last quarter. Institutional investors own 73.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMPL. Scotiabank lifted their price target on Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. KeyCorp upgraded shares of Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price target for the company in a report on Friday, December 13th. Morgan Stanley upgraded shares of Amplitude from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $10.00 to $11.00 in a research report on Monday, January 13th. Robert W. Baird lifted their price objective on Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Piper Sandler raised Amplitude from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $11.00 to $15.00 in a research report on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Amplitude presently has an average rating of “Hold” and a consensus price target of $12.43.

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.