Inspire Advisors LLC Takes $2.03 Million Position in Amplitude, Inc. $AMPL

Inspire Advisors LLC bought a new position in shares of Amplitude, Inc. (NASDAQ:AMPL) during the third quarter, Holdings Channel.com reports. The fund bought 189,665 shares of the company’s stock, valued at approximately $2,033,000.

A number of other hedge funds have also recently bought and sold shares of AMPL. State of Alaska Department of Revenue bought a new position in shares of Amplitude during the 3rd quarter worth about $48,000. Osaic Holdings Inc. raised its holdings in Amplitude by 57.8% in the 2nd quarter. Osaic Holdings Inc. now owns 5,132 shares of the company’s stock valued at $64,000 after acquiring an additional 1,879 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Amplitude by 86.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,477 shares of the company’s stock worth $130,000 after acquiring an additional 4,858 shares during the period. Caxton Associates LLP acquired a new stake in shares of Amplitude during the 1st quarter worth approximately $131,000. Finally, Prudential Financial Inc. bought a new stake in shares of Amplitude during the second quarter valued at approximately $132,000. 73.20% of the stock is owned by institutional investors.

Insider Activity at Amplitude

In related news, Director Erica Schultz sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $10.88, for a total value of $108,800.00. Following the completion of the transaction, the director owned 114,906 shares in the company, valued at $1,250,177.28. The trade was a 8.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Andrew Casey acquired 30,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was purchased at an average price of $9.99 per share, for a total transaction of $299,700.00. Following the completion of the transaction, the chief financial officer directly owned 1,160,608 shares in the company, valued at approximately $11,594,473.92. The trade was a 2.65% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 462,843 shares of company stock valued at $5,121,643 over the last quarter. Corporate insiders own 23.83% of the company’s stock.

Amplitude Stock Performance

Amplitude stock opened at $9.95 on Monday. The business’s fifty day moving average is $10.92 and its two-hundred day moving average is $11.16. The firm has a market cap of $1.33 billion, a P/E ratio of -12.44 and a beta of 1.49. Amplitude, Inc. has a 52 week low of $7.55 and a 52 week high of $14.88.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Amplitude had a negative return on equity of 36.27% and a negative net margin of 31.36%.The business had revenue of $88.56 million during the quarter, compared to analysts’ expectations of $86.29 million. During the same period in the previous year, the business posted $0.03 earnings per share. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, equities research analysts predict that Amplitude, Inc. will post -0.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMPL has been the subject of several research reports. UBS Group raised Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Friday, October 31st. Robert W. Baird lifted their target price on shares of Amplitude from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Friday, December 19th. BTIG Research began coverage on shares of Amplitude in a research report on Tuesday, December 16th. They issued a “buy” rating and a $14.00 price target for the company. Morgan Stanley set a $16.00 price objective on Amplitude and gave the company an “overweight” rating in a report on Thursday. Finally, DA Davidson reiterated a “buy” rating and issued a $16.00 price objective on shares of Amplitude in a research note on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.80.

Amplitude Profile

Amplitude, Inc is a software company specializing in digital analytics and product intelligence solutions for businesses seeking to optimize user engagement and drive growth. Its core offering, the Amplitude Analytics platform, enables customers to collect and analyze behavioral data from web and mobile applications in real time. The platform provides advanced segmentation, funnel analysis, retention tracking and pathfinding tools that help product, marketing and data teams understand user journeys, identify friction points and measure the impact of new features.

Founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang, Amplitude is headquartered in Redwood City, California, with additional offices spanning North America, Europe and Asia.