Amplitude CEO Spenser Skates Sold $1.9 Million in Shares
The sale came as the digital analytics company's stock traded near its one-year high of $17.72, up from a one-year low of $5.51.
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Spenser Skates, chief executive of Amplitude, Inc., sold 107,136 shares of the company's stock on October 23 at an average price of $17.52, a transaction worth $1,877,022.72, according to MarketBeat, which cited a filing with the Securities and Exchange Commission.
The sale followed several smaller disposals by Skates. He sold 70,087 shares on October 2 at an average of $14.52, 3,539 shares on October 1 at an average of $14.45, 1,374 shares on September 30 at an average of $14.45, and 185,000 shares on September 10 at an average of $12.30.
Amplitude shares traded down $0.04 to $17.26 in midday trading on October 27. The stock has a one-year range of $5.51 to $17.72 and a market capitalization of $1.75 billion.
The company, which sells digital analytics and product experience software, reported a quarterly loss of $0.01 per share on August 5, matching analysts' consensus, with revenue of $100.89 million against an estimate of $98.16 million. Amplitude guided to earnings of $0.06 to $0.08 per share for fiscal 2026.
Analyst coverage includes one strong buy, seven buy, two hold and one sell rating, with a consensus price target of $14.30, MarketBeat reported.
This story was first reported by MarketBeat.
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