Inspire Investing LLC Has $340,000 Stock Holdings in Amplitude, Inc. $AMPL

Inspire Investing LLC decreased its stake in shares of Amplitude, Inc. (NASDAQ:AMPL) by 12.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,391 shares of the company’s stock after selling 4,841 shares during the quarter. Inspire Investing LLC’s holdings in Amplitude were worth $340,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its stake in shares of Amplitude by 33.3% in the first quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company’s stock valued at $59,000 after buying an additional 1,455 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Amplitude in the first quarter valued at $107,000. Aigen Investment Management LP bought a new position in shares of Amplitude in the 1st quarter valued at about $114,000. Teacher Retirement System of Texas acquired a new position in shares of Amplitude during the 1st quarter worth about $119,000. Finally, Summit Trail Advisors LLC acquired a new position in shares of Amplitude during the 1st quarter worth about $124,000. Institutional investors and hedge funds own 73.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

Amplitude Stock Up 3.6%

Shares of NASDAQ:AMPL opened at $11.45 on Thursday. Amplitude, Inc. has a 12-month low of $7.55 and a 12-month high of $14.88. The company’s 50 day moving average price is $11.79 and its two-hundred day moving average price is $11.36. The firm has a market cap of $1.17 billion, a PE ratio of -15.07 and a beta of 1.54.

Amplitude (NASDAQ:AMPL) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. Amplitude had a negative return on equity of 33.08% and a negative net margin of 30.43%.The business had revenue of $83.27 million during the quarter, compared to analysts’ expectations of $81.29 million. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, research analysts expect that Amplitude, Inc. will post -0.62 EPS for the current year.

Insider Buying and Selling

In other news, Director Erica Schultz sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $11.06, for a total value of $110,600.00. Following the completion of the transaction, the director directly owned 107,406 shares in the company, valued at approximately $1,187,910.36. The trade was a 8.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 25,000 shares of company stock valued at $290,750. 23.83% of the stock is owned by company 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.