Strs Ohio Cuts Position in Amplitude, Inc. (NASDAQ:AMPL)

Strs Ohio decreased its holdings in Amplitude, Inc. (NASDAQ:AMPL) by 9.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 35,600 shares of the company’s stock after selling 3,500 shares during the quarter. Strs Ohio’s holdings in Amplitude were worth $452,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC purchased a new position in Amplitude in the fourth quarter valued at approximately $1,310,000. Bank of New York Mellon Corp grew its position in Amplitude by 17.1% in the third quarter. Bank of New York Mellon Corp now owns 1,024,965 shares of the company’s stock valued at $11,859,000 after acquiring an additional 149,397 shares in the last quarter. M&T Bank Corp acquired a new stake in Amplitude in the third quarter valued at approximately $409,000. Vanguard Group Inc. grew its position in Amplitude by 17.9% in the third quarter. Vanguard Group Inc. now owns 7,737,795 shares of the company’s stock valued at $89,526,000 after acquiring an additional 1,177,465 shares in the last quarter. Finally, Algert Global LLC grew its position in Amplitude by 41.0% in the third quarter. Algert Global LLC now owns 203,367 shares of the company’s stock valued at $2,353,000 after acquiring an additional 59,177 shares in the last quarter. Hedge funds and other institutional investors own 73.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AMPL shares. Piper Sandler reaffirmed a “neutral” rating and issued a $11.00 price objective on shares of Amplitude in a research report on Wednesday, February 21st. Morgan Stanley lowered their price objective on shares of Amplitude from $12.00 to $10.00 and set an “underweight” rating for the company in a research report on Wednesday, April 17th. KeyCorp began coverage on shares of Amplitude in a research report on Thursday, March 21st. They issued a “sector weight” rating for the company. Citigroup decreased their price target on shares of Amplitude from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, February 21st. Finally, Scotiabank downgraded shares of Amplitude from a “sector outperform” rating to a “sector perform” rating and set a $12.00 price target for the company. in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $11.50.

Amplitude Trading Up 1.0 %

AMPL stock opened at $9.92 on Monday. Amplitude, Inc. has a twelve month low of $8.50 and a twelve month high of $14.42. The company has a market capitalization of $1.19 billion, a P/E ratio of -12.72 and a beta of 1.36. The firm has a 50 day simple moving average of $10.93 and a 200-day simple moving average of $11.52.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings data on Tuesday, February 20th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The business had revenue of $71.40 million during the quarter, compared to analyst estimates of $71.56 million. Amplitude had a negative return on equity of 27.73% and a negative net margin of 32.71%. On average, research analysts predict that Amplitude, Inc. will post -0.62 EPS for the current year.

Insiders Place Their Bets

In other Amplitude news, Director Catherine Wong sold 3,515 shares of Amplitude 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 completion of 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 filing with the SEC, which is accessible through the SEC website. 28.71% of the stock is currently owned by corporate insiders.

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.