Andrew Casey Acquires 30,000 Shares of Amplitude (NASDAQ:AMPL) Stock

Amplitude, Inc. (NASDAQ:AMPL) CFO Andrew Casey acquired 30,000 shares of the stock in a transaction dated Friday, November 7th. The stock was acquired at an average price of $9.99 per share, for a total transaction of $299,700.00. Following the completion of the transaction, the chief financial officer directly owned 1,160,608 shares of the company’s stock, valued at approximately $11,594,473.92. This represents a 2.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Amplitude Stock Down 1.3%

NASDAQ AMPL traded down $0.14 on Wednesday, reaching $11.04. The company had a trading volume of 1,876,783 shares, compared to its average volume of 1,314,314. The stock has a market capitalization of $1.13 billion, a PE ratio of -13.80 and a beta of 1.51. Amplitude, Inc. has a 12 month low of $7.55 and a 12 month high of $14.88. The firm’s 50 day moving average price is $10.59 and its 200 day moving average price is $11.41.

Amplitude (NASDAQ:AMPL) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. Amplitude had a negative net margin of 31.36% and a negative return on equity of 36.27%. The company had revenue of $88.56 million for the quarter, compared to analysts’ expectations of $86.29 million. During the same quarter in the previous year, the business posted $0.03 earnings per share. Amplitude’s quarterly revenue was up 17.8% on a year-over-year basis. Amplitude has set its FY 2025 guidance at 0.060-0.08 EPS. Q4 2025 guidance at 0.040-0.05 EPS. On average, research analysts expect that Amplitude, Inc. will post -0.62 EPS for the current year.

Institutional Trading of Amplitude

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue purchased a new stake in Amplitude during the 3rd quarter valued at about $48,000. Russell Investments Group Ltd. boosted its holdings in shares of Amplitude by 33.3% during the 1st quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company’s stock worth $59,000 after purchasing an additional 1,455 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of Amplitude by 57.8% in the second quarter. Osaic Holdings Inc. now owns 5,132 shares of the company’s stock valued at $64,000 after purchasing an additional 1,879 shares in the last quarter. Legato Capital Management LLC purchased a new stake in shares of Amplitude in the third quarter valued at approximately $112,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Amplitude in the first quarter valued at approximately $114,000. Institutional investors and hedge funds own 73.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AMPL. Piper Sandler reissued an “overweight” rating and set a $16.00 price target on shares of Amplitude in a research note on Thursday, November 6th. DA Davidson reissued a “buy” rating and set a $16.00 target price on shares of Amplitude in a research note on Monday, September 29th. Weiss Ratings restated a “sell (e+)” rating on shares of Amplitude in a research note on Wednesday, October 8th. Wall Street Zen cut Amplitude from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. Finally, Robert W. Baird dropped their price objective on shares of Amplitude from $16.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $14.40.

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.