Amplitude (AMPL) Set to Announce Earnings on Tuesday

Amplitude (NASDAQ:AMPLGet Free Report) will be releasing its earnings data after the market closes on Tuesday, February 20th. Analysts expect Amplitude to post earnings of $0.03 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Amplitude Stock Performance

Shares of AMPL opened at $14.29 on Tuesday. The firm has a market capitalization of $1.70 billion, a P/E ratio of -17.22 and a beta of 1.45. The company has a 50-day simple moving average of $12.72 and a 200-day simple moving average of $11.67. Amplitude has a 52 week low of $8.50 and a 52 week high of $16.95.

Analyst Upgrades and Downgrades

AMPL has been the subject of a number of research reports. Morgan Stanley lowered shares of Amplitude from an “equal weight” rating to an “underweight” rating and set a $12.00 price target for the company. in a report on Thursday, February 1st. Piper Sandler raised their price target on shares of Amplitude from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, Amplitude presently has a consensus rating of “Hold” and an average price target of $14.00.

Check Out Our Latest Research Report on Amplitude

Insider Buying and Selling at Amplitude

In other Amplitude news, Director Catherine Wong sold 3,515 shares of the firm’s 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 transaction, the director now directly owns 89,850 shares of the company’s stock, valued at $940,729.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Amplitude news, Director Catherine Wong sold 3,515 shares of the firm’s 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 transaction, the director now directly owns 89,850 shares of the company’s stock, valued at $940,729.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the insider now directly owns 327,766 shares in the company, valued at $4,116,740.96. The disclosure for this sale can be found here. Insiders own 28.71% of the company’s stock.

Hedge Funds Weigh In On Amplitude

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Group AG boosted its position in shares of Amplitude by 35.5% during the fourth quarter. UBS Group AG now owns 164,517 shares of the company’s stock worth $2,093,000 after purchasing an additional 43,137 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Amplitude by 23.9% during the third quarter. Legal & General Group Plc now owns 54,554 shares of the company’s stock worth $631,000 after purchasing an additional 10,514 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Amplitude by 407.4% during the third quarter. AQR Capital Management LLC now owns 65,277 shares of the company’s stock worth $755,000 after purchasing an additional 52,412 shares in the last quarter. Northern Trust Corp boosted its position in shares of Amplitude by 2.5% during the third quarter. Northern Trust Corp now owns 645,586 shares of the company’s stock worth $7,469,000 after purchasing an additional 15,963 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Amplitude by 1.7% during the third quarter. Rhumbline Advisers now owns 88,549 shares of the company’s stock worth $1,024,000 after purchasing an additional 1,477 shares in the last quarter. 45.14% of the stock is owned by institutional investors.

About Amplitude

(Get 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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Earnings History for Amplitude (NASDAQ:AMPL)

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