Amesite (NASDAQ:AMST) Director George Parmer Buys 243,902 Shares of Stock

Amesite Inc. (NASDAQ:AMST) Director George Parmer acquired 243,902 shares of the stock in a transaction dated Tuesday, April 28th. The stock was acquired at an average price of $1.44 per share, with a total value of $351,218.88. Following the completion of the acquisition, the director owned 566,962 shares in the company, valued at approximately $816,425.28. The trade was a 75.50% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Amesite Stock Performance

Shares of AMST opened at $0.79 on Tuesday. The firm has a 50 day moving average price of $1.51 and a 200-day moving average price of $1.98. Amesite Inc. has a fifty-two week low of $0.77 and a fifty-two week high of $4.78. The firm has a market cap of $3.59 million, a price-to-earnings ratio of -1.23 and a beta of 0.86.

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

Institutional Trading of Amesite

A hedge fund recently bought a new stake in Amesite stock. Virtu Financial LLC acquired a new stake in shares of Amesite Inc. (NASDAQ:AMST) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 14,708 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.32% of Amesite as of its most recent filing with the SEC. 3.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Amesite from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Amesite has a consensus rating of “Sell”.

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.