George Parmer Buys 243,902 Shares of Amesite (NASDAQ:AMST) Stock

Amesite Inc. (NASDAQ:AMST) Director George Parmer acquired 243,902 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was purchased at an average price of $1.44 per share, for a total transaction of $351,218.88. Following the completion of the transaction, the director owned 566,962 shares in the company, valued at $816,425.28. The trade was a 75.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Amesite Price Performance

NASDAQ:AMST opened at $1.73 on Wednesday. The firm’s fifty day moving average price is $1.51 and its 200 day moving average price is $1.97. Amesite Inc. has a 1-year low of $0.77 and a 1-year high of $4.78. The firm has a market cap of $7.91 million, a price-to-earnings ratio of -2.75 and a beta of 0.86.

Amesite (NASDAQ:AMST) last posted its quarterly earnings data on Monday, May 18th. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.96) by $0.81. Amesite had a negative net margin of 873.02% and a negative return on equity of 139.22%. The firm had revenue of $0.08 million for the quarter, compared to analyst estimates of $0.25 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Amesite from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Amesite presently has an average rating of “Sell”.

Institutional Investors Weigh In On Amesite

A hedge fund recently bought a new stake in Amesite stock. HRT Financial LP bought a new position in shares of Amesite Inc. (NASDAQ:AMST) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 22,040 shares of the company’s stock, valued at approximately $41,000. HRT Financial LP owned approximately 0.48% of Amesite as of its most recent filing with the SEC. Hedge funds and other institutional investors own 3.60% of the company’s stock.

About Amesite

Amesite, Inc (NASDAQ: AMST) is a software company specializing in AI-driven digital learning and training solutions. Its cloud-based platform enables organizations to create, manage and deliver customized online courses and professional development programs. Leveraging machine learning and natural language processing, the platform offers real-time analytics, adaptive content recommendations, multimedia assessments and community collaboration tools to support both synchronous and asynchronous learning.

The company’s primary end markets include corporate enterprises, higher education institutions, government agencies and nonprofit organizations.