Amplitude, Inc. (NASDAQ:AMPL – Get Free Report) CTO Curtis Liu sold 22,201 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $8.03, for a total value of $178,274.03. Following the completion of the transaction, the chief technology officer directly owned 1,004,779 shares of the company’s stock, valued at approximately $8,068,375.37. This trade represents a 2.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Curtis Liu also recently made the following trade(s):
- On Monday, May 4th, Curtis Liu sold 17,586 shares of Amplitude stock. The shares were sold at an average price of $8.12, for a total value of $142,798.32.
Amplitude Stock Down 4.4%
Amplitude stock opened at $7.75 on Friday. The business has a 50 day moving average price of $6.81 and a two-hundred day moving average price of $8.45. The stock has a market cap of $804.99 million, a price-to-earnings ratio of -11.57 and a beta of 1.45. Amplitude, Inc. has a 12 month low of $5.51 and a 12 month high of $14.49.
Amplitude declared that its board has approved a stock repurchase plan on Wednesday, February 18th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 11.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
Analyst Ratings Changes
AMPL has been the subject of several recent research reports. BTIG Research cut their price target on Amplitude from $14.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, February 19th. KeyCorp lowered their price objective on Amplitude from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Piper Sandler lowered their price objective on Amplitude from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. DA Davidson lowered their price objective on Amplitude from $16.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Finally, Bank of America reiterated a “neutral” rating and issued a $8.00 price objective (down from $10.00) on shares of Amplitude in a research note on Thursday, May 7th. Nine research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.44.
View Our Latest Analysis on Amplitude
Institutional Investors Weigh In On Amplitude
A number of large investors have recently bought and sold shares of AMPL. Alliancebernstein L.P. grew its position in Amplitude by 2,126.0% during the 2nd quarter. Alliancebernstein L.P. now owns 4,160,481 shares of the company’s stock worth $51,590,000 after acquiring an additional 3,973,575 shares during the last quarter. TimesSquare Capital Management LLC bought a new stake in Amplitude during the 3rd quarter worth approximately $21,922,000. Wellington Management Group LLP grew its position in Amplitude by 783.5% during the 3rd quarter. Wellington Management Group LLP now owns 2,026,598 shares of the company’s stock worth $21,725,000 after acquiring an additional 1,797,228 shares during the last quarter. Vanguard Group Inc. grew its position in Amplitude by 9.4% during the 4th quarter. Vanguard Group Inc. now owns 10,825,568 shares of the company’s stock worth $125,360,000 after acquiring an additional 934,350 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Amplitude during the 1st quarter worth approximately $3,930,000. 73.20% of the stock is currently owned by institutional investors.
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.
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