Amplitude, Inc. (NASDAQ:AMPL) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. decreased its holdings in shares of Amplitude, Inc. (NASDAQ:AMPL) by 4.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 38,837 shares of the company’s stock after selling 2,007 shares during the period. Corebridge Financial Inc.’s holdings in Amplitude were worth $410,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Rhumbline Advisers lifted its position in shares of Amplitude by 1.0% in the fourth quarter. Rhumbline Advisers now owns 101,954 shares of the company’s stock valued at $1,076,000 after acquiring an additional 1,040 shares in the last quarter. Swiss National Bank lifted its stake in Amplitude by 2.3% in the 4th quarter. Swiss National Bank now owns 151,200 shares of the company’s stock worth $1,595,000 after purchasing an additional 3,400 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Amplitude by 17.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 29,572 shares of the company’s stock worth $312,000 after purchasing an additional 4,451 shares during the last quarter. SG Americas Securities LLC grew its holdings in Amplitude by 15.7% in the 4th quarter. SG Americas Securities LLC now owns 42,107 shares of the company’s stock valued at $444,000 after buying an additional 5,726 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd increased its stake in shares of Amplitude by 90.7% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 18,081 shares of the company’s stock worth $191,000 after acquiring an additional 8,599 shares during the last quarter. Institutional investors and hedge funds own 73.20% of the company’s stock.

Amplitude Price Performance

NASDAQ AMPL opened at $9.60 on Thursday. The company has a market cap of $1.24 billion, a P/E ratio of -12.47 and a beta of 1.40. Amplitude, Inc. has a 1-year low of $7.37 and a 1-year high of $14.88. The stock has a 50-day moving average of $11.64 and a two-hundred day moving average of $10.71.

Amplitude (NASDAQ:AMPL) last released its earnings results on Wednesday, February 19th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.27). The business had revenue of $78.13 million for the quarter, compared to analyst estimates of $76.68 million. Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. On average, analysts anticipate that Amplitude, Inc. will post -0.62 EPS for the current fiscal year.

Insider Activity at Amplitude

In related news, Director Eric Vishria sold 3,563 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $12.00, for a total value of $42,756.00. Following the transaction, the director now owns 276,208 shares of the company’s stock, valued at $3,314,496. This represents a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 4.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AMPL shares. KeyCorp raised shares of Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price target on the stock in a research report on Friday, December 13th. Bank of America raised their price target on shares of Amplitude from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. UBS Group upped their price target on Amplitude from $10.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Baird R W raised Amplitude from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 20th. Finally, Piper Sandler upped their target price on shares of Amplitude from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.00.

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.