Amplitude, Inc. $AMPL Stake Increased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. boosted its position in shares of Amplitude, Inc. (NASDAQ:AMPL) by 60.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 473,491 shares of the company’s stock after purchasing an additional 177,599 shares during the period. Goldman Sachs Group Inc. owned 0.48% of Amplitude worth $4,825,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AMPL. Russell Investments Group Ltd. boosted its position in Amplitude by 33.3% during the first quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company’s stock valued at $59,000 after purchasing an additional 1,455 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Amplitude during the first quarter valued at $107,000. Aigen Investment Management LP acquired a new stake in Amplitude during the first quarter valued at $114,000. Teacher Retirement System of Texas acquired a new stake in Amplitude during the first quarter valued at $119,000. Finally, Summit Trail Advisors LLC acquired a new stake in Amplitude during the first quarter valued at $124,000. Institutional investors and hedge funds own 73.20% of the company’s stock.

Amplitude Price Performance

NASDAQ AMPL opened at $11.05 on Wednesday. Amplitude, Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $14.88. The stock’s 50-day moving average is $11.83 and its two-hundred day moving average is $11.36. The firm has a market cap of $1.13 billion, a P/E ratio of -14.54 and a beta of 1.54.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $83.27 million for the quarter, compared to analyst estimates of $81.29 million. Amplitude had a negative return on equity of 33.08% and a negative net margin of 30.43%.The firm’s revenue was up 13.6% compared to the same quarter last year. On average, equities analysts expect that Amplitude, Inc. will post -0.62 EPS for the current year.

Analyst Ratings Changes

AMPL has been the subject of a number of research reports. Needham & Company LLC lifted their price objective on Amplitude from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Benchmark reissued a “buy” rating on shares of Amplitude in a research report on Friday, July 11th. Piper Sandler raised their target price on Amplitude from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Wall Street Zen lowered Amplitude from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. Finally, Bank of America raised their target price on Amplitude from $13.00 to $15.00 and gave the company a “buy” rating in a report on Monday, June 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.80.

Insider Activity at Amplitude

In other news, Director Erica Schultz sold 7,500 shares of Amplitude stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $11.46, for a total value of $85,950.00. Following the transaction, the director directly owned 107,406 shares in the company, valued at approximately $1,230,872.76. The trade was a 6.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.80% of the company’s stock.

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.