Inspire Advisors LLC Purchases Shares of 189,665 Amplitude, Inc. $AMPL

Inspire Advisors LLC acquired a new position in Amplitude, Inc. (NASDAQ:AMPL) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 189,665 shares of the company’s stock, valued at approximately $2,033,000. Inspire Advisors LLC owned about 0.19% of Amplitude at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AMPL. AQR Capital Management LLC grew its position in Amplitude by 120.7% in the first quarter. AQR Capital Management LLC now owns 226,486 shares of the company’s stock worth $2,308,000 after buying an additional 123,886 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Amplitude by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,399 shares of the company’s stock worth $473,000 after acquiring an additional 2,038 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Amplitude during the first quarter valued at $580,000. Jones Financial Companies Lllp boosted its position in shares of Amplitude by 93,569.0% in the 1st quarter. Jones Financial Companies Lllp now owns 93,669 shares of the company’s stock valued at $954,000 after purchasing an additional 93,569 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Amplitude by 60.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 473,491 shares of the company’s stock worth $4,825,000 after purchasing an additional 177,599 shares in the last quarter. 73.20% of the stock is owned by institutional investors and hedge funds.

Amplitude Trading Down 2.6%

Shares of NASDAQ:AMPL opened at $9.95 on Monday. The stock has a market capitalization of $1.33 billion, a PE ratio of -12.44 and a beta of 1.49. Amplitude, Inc. has a 1 year low of $7.55 and a 1 year high of $14.88. The firm has a fifty day moving average price of $10.92 and a 200 day moving average price of $11.16.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. Amplitude had a negative return on equity of 36.27% and a negative net margin of 31.36%.The company had revenue of $88.56 million during the quarter, compared to the consensus estimate of $86.29 million. During the same quarter in the prior year, the company posted $0.03 EPS. The firm’s revenue was up 17.8% on a year-over-year basis. On average, sell-side analysts forecast that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on AMPL. UBS Group raised shares of Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Friday, October 31st. DA Davidson reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Amplitude in a research note on Monday, September 29th. BTIG Research initiated coverage on shares of Amplitude in a research note on Tuesday, December 16th. They set a “buy” rating and a $14.00 target price on the stock. Morgan Stanley set a $16.00 target price on Amplitude and gave the company an “overweight” rating in a report on Thursday. Finally, Piper Sandler reissued an “overweight” rating and set a $16.00 price target on shares of Amplitude in a research report on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $14.80.

Insider Buying and Selling

In other news, CFO Andrew Casey purchased 30,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was bought at an average cost of $9.99 per share, for a total transaction of $299,700.00. Following the completion of the acquisition, the chief financial officer directly owned 1,160,608 shares of the company’s stock, valued at approximately $11,594,473.92. The trade was a 2.65% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Erica Schultz sold 10,000 shares of Amplitude stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $10.88, for a total value of $108,800.00. Following the completion of the transaction, the director owned 114,906 shares in the company, valued at $1,250,177.28. The trade was a 8.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 462,843 shares of company stock valued at $5,121,643. Company insiders own 23.83% of the company’s stock.

Amplitude Profile

Amplitude, Inc is a software company specializing in digital analytics and product intelligence solutions for businesses seeking to optimize user engagement and drive growth. Its core offering, the Amplitude Analytics platform, enables customers to collect and analyze behavioral data from web and mobile applications in real time. The platform provides advanced segmentation, funnel analysis, retention tracking and pathfinding tools that help product, marketing and data teams understand user journeys, identify friction points and measure the impact of new features.

Founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang, Amplitude is headquartered in Redwood City, California, with additional offices spanning North America, Europe and Asia.