Amplitude, Inc. (NASDAQ:AMPL) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. reduced its position in Amplitude, Inc. (NASDAQ:AMPL) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,602 shares of the company’s stock after selling 4,556 shares during the period. Stanley Laman Group Ltd. owned approximately 0.06% of Amplitude worth $962,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. BluePath Capital Management LLC acquired a new position in shares of Amplitude in the 3rd quarter valued at about $33,000. SG Americas Securities LLC purchased a new stake in shares of Amplitude during the 3rd quarter valued at about $116,000. Fox Run Management L.L.C. purchased a new stake in shares of Amplitude during the 3rd quarter valued at about $145,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Amplitude by 22.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,885 shares of the company’s stock valued at $151,000 after buying an additional 2,170 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Amplitude by 73.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,585 shares of the company’s stock valued at $157,000 after buying an additional 5,754 shares during the period. 73.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Catherine Wong sold 3,515 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $11.97, for a total value of $42,074.55. Following the completion of the sale, the director now directly owns 86,335 shares in the company, valued at approximately $1,033,429.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 28.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AMPL. Morgan Stanley dropped their target price on Amplitude from $12.00 to $10.00 and set an “underweight” rating on the stock in a report on Wednesday, April 17th. KeyCorp began coverage on Amplitude in a report on Thursday, March 21st. They set a “sector weight” rating on the stock. Scotiabank downgraded Amplitude from a “sector outperform” rating to a “sector perform” rating and set a $12.00 price objective on the stock. in a report on Wednesday, February 21st. Citigroup dropped their price objective on Amplitude from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, February 21st. Finally, Piper Sandler restated a “neutral” rating and set a $11.00 price objective on shares of Amplitude in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.50.

Amplitude Trading Up 1.0 %

AMPL stock traded up $0.10 during midday trading on Friday, hitting $9.92. 276,964 shares of the company’s stock were exchanged, compared to its average volume of 430,534. Amplitude, Inc. has a 12-month low of $8.50 and a 12-month high of $14.42. The firm has a 50 day moving average price of $10.93 and a 200-day moving average price of $11.51. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of -12.72 and a beta of 1.36.

Amplitude (NASDAQ:AMPL) last issued its quarterly earnings results on Tuesday, February 20th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). Amplitude had a negative net margin of 32.71% and a negative return on equity of 27.73%. The firm had revenue of $71.40 million during the quarter, compared to the consensus estimate of $71.56 million. On average, sell-side analysts forecast that Amplitude, Inc. will post -0.62 EPS for the current fiscal year.

Amplitude 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.