By otakuyassine3@gmail.com 
Amplitude, Inc. (NASDAQ:AMPL – Get Free Report) Director Eric Vishria sold 3,563 shares of Amplitude stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $12.00, for a total transaction of $42,756.00. Following the completion of the sale, the director now directly owns 276,208 shares in the company, valued at $3,314,496. This trade represents a 1.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Eric Vishria also recently made the following trade(s):
- On Friday, December 13th, Eric Vishria sold 6,437 shares of Amplitude stock. The shares were 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 Stock Performance
Amplitude stock traded down $0.54 during midday trading on Wednesday, hitting $11.97. 573,604 shares of the company’s stock were exchanged, compared to its average volume of 402,878. The company has a market cap of $1.13 billion, a P/E ratio of -17.87 and a beta of 1.34. The stock has a 50-day moving average price of $10.95 and a two-hundred day moving average price of $9.57. Amplitude, Inc. has a 52-week low of $7.37 and a 52-week high of $14.42.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. ArrowMark Colorado Holdings LLC grew its stake in Amplitude by 56.6% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,482,738 shares of the company’s stock worth $13,300,000 after buying an additional 535,624 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Amplitude by 524.9% during the 3rd quarter. Cerity Partners LLC now owns 460,624 shares of the company’s stock worth $4,132,000 after acquiring an additional 386,915 shares during the last quarter. Circumference Group LLC purchased a new position in Amplitude in the third quarter worth $1,597,000. Horrell Capital Management Inc. purchased a new stake in Amplitude during the third quarter valued at about $1,597,000. Finally, Kera Capital Partners Inc. bought a new stake in Amplitude during the fourth quarter worth about $1,498,000. Hedge funds and other institutional investors own 73.20% of the company’s stock.
Analyst Upgrades and Downgrades
AMPL has been the subject of a number of research reports. Morgan Stanley upgraded shares of Amplitude from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $10.00 to $11.00 in a research report on Monday, January 13th. KeyCorp upgraded shares of Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price objective for the company in a research note on Friday, December 13th. Scotiabank increased their target price on Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. Piper Sandler upgraded Amplitude from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $11.00 to $15.00 in a research report on Monday, January 6th. Finally, Robert W. Baird increased their price objective on Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.43.
Check Out Our Latest Research Report on Amplitude
About Amplitude
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.
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