SG Americas Securities LLC Purchases 6,998 Shares of Amplitude, Inc. (NASDAQ:AMPL)

SG Americas Securities LLC grew its position in shares of Amplitude, Inc. (NASDAQ:AMPL) by 69.6% in the 4th quarter, HoldingsChannel reports. The fund owned 17,049 shares of the company’s stock after buying an additional 6,998 shares during the period. SG Americas Securities LLC’s holdings in Amplitude were worth $217,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMPL. Dark Forest Capital Management LP purchased a new position in shares of Amplitude during the first quarter valued at approximately $27,000. US Bancorp DE purchased a new position in shares of Amplitude during the first quarter valued at approximately $28,000. Lazard Asset Management LLC purchased a new position in shares of Amplitude during the fourth quarter valued at approximately $30,000. BluePath Capital Management LLC purchased a new position in shares of Amplitude during the third quarter valued at approximately $33,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Amplitude during the second quarter valued at approximately $40,000. Institutional investors own 73.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AMPL shares. Piper Sandler reaffirmed a “neutral” rating and set a $11.00 target price on shares of Amplitude in a research report on Wednesday, February 21st. Morgan Stanley cut Amplitude from an “equal weight” rating to an “underweight” rating and set a $12.00 price objective on the stock. in a research report on Thursday, February 1st. Scotiabank cut Amplitude from a “sector outperform” rating to a “sector perform” rating and set a $12.00 price objective on the stock. in a research report on Wednesday, February 21st. Citigroup cut their price objective on Amplitude from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 21st. Finally, KeyCorp initiated coverage on Amplitude in a research report on Thursday, March 21st. They set a “sector weight” rating on the stock. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.00.

Insider Transactions at Amplitude

In other news, Director Catherine Wong sold 3,515 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $11.97, for a total value of $42,074.55. Following the transaction, the director now owns 86,335 shares of the company’s stock, valued at $1,033,429.95. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 28.71% of the company’s stock.

Amplitude Price Performance

NASDAQ:AMPL opened at $10.16 on Friday. The company has a market cap of $1.22 billion, a P/E ratio of -13.03 and a beta of 1.36. The stock’s fifty day moving average price is $11.75 and its two-hundred day moving average price is $11.61. Amplitude, Inc. has a 1 year low of $8.50 and a 1 year high of $14.42.

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

Amplitude Company 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.