Los Angeles Capital Management LLC Boosts Stake in Amplitude, Inc. (NASDAQ:AMPL)

Los Angeles Capital Management LLC raised its position in Amplitude, Inc. (NASDAQ:AMPLFree Report) by 81.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,186 shares of the company’s stock after buying an additional 45,272 shares during the period. Los Angeles Capital Management LLC owned approximately 0.09% of Amplitude worth $1,171,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMPL. Bank of New York Mellon Corp boosted its position in Amplitude by 1,972.5% in the 1st quarter. Bank of New York Mellon Corp now owns 552,868 shares of the company’s stock valued at $10,190,000 after buying an additional 526,191 shares during the last quarter. US Bancorp DE purchased a new position in Amplitude in the 1st quarter valued at about $28,000. BlackRock Inc. boosted its position in Amplitude by 0.7% in the 1st quarter. BlackRock Inc. now owns 385,306 shares of the company’s stock valued at $7,101,000 after buying an additional 2,700 shares during the last quarter. Blair William & Co. IL boosted its position in Amplitude by 44.3% in the 1st quarter. Blair William & Co. IL now owns 29,941 shares of the company’s stock valued at $552,000 after buying an additional 9,195 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Amplitude by 32.1% in the 1st quarter. Vanguard Group Inc. now owns 3,922,497 shares of the company’s stock valued at $72,291,000 after buying an additional 952,406 shares during the last quarter. 45.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Piper Sandler upped their target price on shares of Amplitude from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday, November 9th. Morgan Stanley cut their target price on shares of Amplitude from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 14th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $14.00.

View Our Latest Analysis on AMPL

Insider Buying and Selling at Amplitude

In other news, Director Catherine Wong sold 3,515 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $10.47, for a total value of $36,802.05. Following the completion of the transaction, the director now directly owns 89,850 shares in the company, valued at $940,729.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Neeraj Agrawal sold 33,333 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $12.56, for a total transaction of $418,662.48. Following the completion of the sale, the insider now directly owns 327,766 shares in the company, valued at $4,116,740.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Catherine Wong sold 3,515 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $10.47, for a total transaction of $36,802.05. Following the sale, the director now owns 89,850 shares of the company’s stock, valued at $940,729.50. The disclosure for this sale can be found here. 28.71% of the stock is owned by company insiders.

Amplitude Trading Down 1.7 %

Shares of NASDAQ:AMPL opened at $12.96 on Thursday. The firm’s 50 day moving average is $12.28 and its two-hundred day moving average is $11.55. Amplitude, Inc. has a 52 week low of $8.50 and a 52 week high of $16.95. The firm has a market capitalization of $1.54 billion, a P/E ratio of -15.61 and a beta of 1.44.

Amplitude (NASDAQ:AMPLGet Free Report) last announced its quarterly earnings results on Tuesday, November 7th. The company reported ($0.15) EPS for the quarter, meeting the consensus estimate of ($0.15). Amplitude had a negative net margin of 35.49% and a negative return on equity of 29.53%. The company had revenue of $70.64 million for the quarter, compared to analyst estimates of $69.99 million. Analysts predict that Amplitude, Inc. will post -0.66 EPS for the current year.

Amplitude Profile

(Free Report)

Amplitude, Inc provides a digital analytics platform to analyze customer behavior within digital products in the United States and internationally. It offers Amplitude Analytics provides product, marketing, experience analytics, and AI-Driven alerts; Experimentation, a solution that integrates with analytics to plan, deliver, monitor, and analyze tests and product changes; Audience Management tools leverage the data in analytics to build audience lists through behavioral segmentation or machine learning powered predictions; and Data Streaming tools helps to move event data and user profiles to other tools in customers' stacks in real-time to destinations, such as marketing platforms, ad networks, personalization engines, and others; and Amplitude CDP, an insight-driven solution that encompasses the data infrastructure, audience management, and data streaming capabilities.

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Institutional Ownership by Quarter for Amplitude (NASDAQ:AMPL)

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