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

Amplitude, Inc. (NASDAQ:AMPL) Director Eric Vishria sold 3,563 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $12.00, for a total value of $42,756.00. Following the transaction, the director now owns 276,208 shares of the company’s stock, valued at approximately $3,314,496. This trade represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, December 13th, Eric Vishria sold 6,437 shares of Amplitude stock. The stock was 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 stock was sold at an average price of $10.18, for a total value of $254,500.00.

Amplitude Price Performance

NASDAQ AMPL opened at $11.90 on Friday. The firm has a market cap of $1.13 billion, a P/E ratio of -17.76 and a beta of 1.34. The stock’s 50-day moving average is $11.01 and its 200-day moving average is $9.60. Amplitude, Inc. has a one year low of $7.37 and a one year high of $14.42.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Intech Investment Management LLC bought a new position in Amplitude in the third quarter valued at approximately $128,000. XTX Topco Ltd bought a new position in Amplitude in the second quarter valued at approximately $133,000. Blue Trust Inc. grew its stake in Amplitude by 13.5% in the third quarter. Blue Trust Inc. now owns 19,518 shares of the company’s stock valued at $174,000 after purchasing an additional 2,324 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position 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 valued at $199,000 after buying an additional 3,552 shares during the last quarter. Finally, Quantbot Technologies LP lifted its position in shares of Amplitude by 21.5% in the third quarter. Quantbot Technologies LP now owns 24,390 shares of the company’s stock valued at $219,000 after buying an additional 4,309 shares during the last quarter. 73.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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