Strs Ohio Trims Stock Position in Amplitude, Inc. (NASDAQ:AMPL)

Strs Ohio cut its position in shares of Amplitude, Inc. (NASDAQ:AMPL) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,600 shares of the company’s stock after selling 3,500 shares during the period. Strs Ohio’s holdings in Amplitude were worth $452,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AMPL. Cerity Partners LLC purchased a new stake in shares of Amplitude in the 4th quarter valued at approximately $1,310,000. Allspring Global Investments Holdings LLC raised its stake in shares of Amplitude by 22.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,885 shares of the company’s stock valued at $151,000 after acquiring an additional 2,170 shares during the period. Vishria Bird Financial Group LLC raised its stake in shares of Amplitude by 0.4% in the 4th quarter. Vishria Bird Financial Group LLC now owns 198,557 shares of the company’s stock valued at $2,526,000 after acquiring an additional 885 shares during the period. Arizona State Retirement System raised its stake in shares of Amplitude by 8.6% in the 4th quarter. Arizona State Retirement System now owns 17,278 shares of the company’s stock valued at $220,000 after acquiring an additional 1,362 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of Amplitude by 69.6% in the 4th quarter. SG Americas Securities LLC now owns 17,049 shares of the company’s stock valued at $217,000 after acquiring an additional 6,998 shares during the period. 73.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on AMPL. Scotiabank downgraded shares of Amplitude from a “sector outperform” rating to a “sector perform” rating and set a $12.00 price target on the stock. in a research note on Wednesday, February 21st. Morgan Stanley reduced their price target on shares of Amplitude from $12.00 to $10.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 17th. Citigroup dropped their price objective on shares of Amplitude from $14.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday, February 21st. Piper Sandler restated a “neutral” rating and issued a $11.00 price objective on shares of Amplitude in a report on Wednesday, February 21st. Finally, KeyCorp began coverage on shares of Amplitude in a report on Thursday, March 21st. They issued a “sector weight” rating for the company. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.50.

Amplitude Stock Up 1.0 %

NASDAQ AMPL opened at $9.92 on Monday. Amplitude, Inc. has a 52 week low of $8.50 and a 52 week high of $14.42. The stock has a market capitalization of $1.19 billion, a PE ratio of -12.72 and a beta of 1.36. The firm has a 50 day moving average of $10.93 and a two-hundred day moving average of $11.52.

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

Insiders Place Their Bets

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

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.