Amplitude (NASDAQ:AMPL) Stock Price Down 10.9% – Time to Sell?

Amplitude, Inc. (NASDAQ:AMPL)’s share price was down 10.9% during trading on Tuesday . The stock traded as low as $8.16 and last traded at $8.07. Approximately 514,872 shares changed hands during trading, a decline of 58% from the average daily volume of 1,235,754 shares. The stock had previously closed at $9.06.

Analyst Ratings Changes

Several research analysts have recently issued reports on AMPL shares. Piper Sandler decreased their price objective on shares of Amplitude from $16.00 to $12.00 and set an “overweight” rating for the company in a report on Monday. Morgan Stanley set a $16.00 price objective on Amplitude and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Amplitude in a research note on Monday, December 29th. Robert W. Baird lifted their target price on Amplitude from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Friday, December 19th. Finally, UBS Group upgraded shares of Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Amplitude has an average rating of “Moderate Buy” and a consensus price target of $14.40.

Amplitude Trading Down 9.3%

The stock has a fifty day moving average of $10.81 and a 200-day moving average of $10.94. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -10.27 and a beta of 1.49.

Amplitude (NASDAQ:AMPL) last announced its earnings results on Thursday, November 6th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. Amplitude had a negative return on equity of 36.27% and a negative net margin of 31.36%.The business had revenue of $88.56 million during the quarter, compared to the consensus estimate of $86.29 million. During the same period in the prior year, the business posted $0.03 earnings per share. Amplitude’s revenue was up 17.8% compared to the same quarter last year. As a group, equities research analysts forecast that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Amplitude

In other news, CEO Spenser Skates sold 42,743 shares of the business’s stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $12.01, for a total transaction of $513,343.43. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Erica Schultz sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $10.88, for a total transaction of $108,800.00. Following the completion of the sale, the director owned 114,906 shares of the company’s stock, valued at approximately $1,250,177.28. This trade represents a 8.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 462,843 shares of company stock valued at $5,121,643. 4.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Amplitude

Several large investors have recently added to or reduced their stakes in AMPL. Quarry LP acquired a new stake in shares of Amplitude in the third quarter worth $32,000. State of Alaska Department of Revenue purchased a new stake in Amplitude in the 3rd quarter worth about $48,000. Osaic Holdings Inc. lifted its stake in Amplitude by 57.8% in the 2nd quarter. Osaic Holdings Inc. now owns 5,132 shares of the company’s stock worth $64,000 after acquiring an additional 1,879 shares in the last quarter. Legato Capital Management LLC acquired a new stake in Amplitude during the 3rd quarter worth about $112,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Amplitude during the 3rd quarter valued at about $113,000. 73.20% of the stock is owned by institutional investors and hedge funds.

Amplitude Company Profile

Amplitude, Inc is a software company specializing in digital analytics and product intelligence solutions for businesses seeking to optimize user engagement and drive growth. Its core offering, the Amplitude Analytics platform, enables customers to collect and analyze behavioral data from web and mobile applications in real time. The platform provides advanced segmentation, funnel analysis, retention tracking and pathfinding tools that help product, marketing and data teams understand user journeys, identify friction points and measure the impact of new features.

Founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang, Amplitude is headquartered in Redwood City, California, with additional offices spanning North America, Europe and Asia.