Strs Ohio boosted its position in shares of Amplitude, Inc. (NASDAQ:AMPL – Get Rating) by 265.7% in the third quarter, Holdings Channel.com reports. The firm owned 12,800 shares of the company’s stock after purchasing an additional 9,300 shares during the period. Strs Ohio’s holdings in Amplitude were worth $198,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in shares of Amplitude by 1,972.5% during the 1st quarter. Bank of New York Mellon Corp now owns 552,868 shares of the company’s stock valued at $10,190,000 after buying an additional 526,191 shares during the last quarter. US Bancorp DE acquired a new stake in Amplitude in the first quarter valued at approximately $28,000. BlackRock Inc. grew its position in Amplitude by 0.7% in the first quarter. BlackRock Inc. now owns 385,306 shares of the company’s stock worth $7,101,000 after acquiring an additional 2,700 shares in the last quarter. Blair William & Co. IL increased its stake in shares of Amplitude by 44.3% during the 1st quarter. Blair William & Co. IL now owns 29,941 shares of the company’s stock worth $552,000 after purchasing an additional 9,195 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Amplitude by 32.1% during the 1st quarter. Vanguard Group Inc. now owns 3,922,497 shares of the company’s stock valued at $72,291,000 after purchasing an additional 952,406 shares in the last quarter. Hedge funds and other institutional investors own 40.90% of the company’s stock.
Insider Buying and Selling
In related news, President Thomas Neergaard Hansen sold 19,638 shares of the firm’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $12.17, for a total value of $238,994.46. Following the completion of the transaction, the president now directly owns 967,394 shares of the company’s stock, valued at $11,773,184.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, President Thomas Neergaard Hansen sold 19,638 shares of the firm’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $12.17, for a total transaction of $238,994.46. Following the completion of the sale, the president now owns 967,394 shares in the company, valued at approximately $11,773,184.98. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Catherine Wong sold 3,515 shares of the business’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $13.80, for a total value of $48,507.00. Following the completion of the sale, the director now owns 103,910 shares of the company’s stock, valued at $1,433,958. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,129 shares of company stock worth $314,889. 45.39% of the stock is owned by insiders.
Amplitude Price Performance
Amplitude (NASDAQ:AMPL – Get Rating) last posted its earnings results on Wednesday, November 2nd. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.01. The firm had revenue of $61.61 million for the quarter, compared to analyst estimates of $60.19 million. Amplitude had a negative return on equity of 25.09% and a negative net margin of 41.05%. The company’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.51) earnings per share. Sell-side analysts expect that Amplitude, Inc. will post -0.81 EPS for the current fiscal year.
Analyst Ratings Changes
AMPL has been the subject of a number of recent research reports. Citigroup cut shares of Amplitude from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $25.00 to $13.00 in a report on Thursday, January 12th. William Blair reissued an “outperform” rating on shares of Amplitude in a report on Thursday, December 8th. Bank of America upgraded Amplitude from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a report on Wednesday, January 4th. UBS Group downgraded Amplitude from a “buy” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $14.00 in a report on Wednesday, January 11th. Finally, Morgan Stanley reduced their price objective on shares of Amplitude from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Monday, December 19th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.88.
Amplitude, Inc provides a digital optimization system to analyze customer behavior within digital products in the United States and internationally. It offers Amplitude analytics for insights of customer behavior; Amplitude Recommend, a no-code personalization solution that helps to increase customer engagement by adapting digital products and campaigns to every user based on behavior; Amplitude Experiment, an integrated solution that enables teams to determine and deliver the product experiences for their customers through A/B tests and controlled feature releases; Amplitude Behavioral Graph, a proprietary database for deep, real-time interactive behavioral analysis, and behavior-driven personalization – instantly joining, analyzing, and correlating any customer actions to outcomes, such as engagement, growth, and loyalty; and data management, a real-time data layer for planning, integrating, and managing data sources to create a foundation with identity resolution, enterprise-level security, and privacy solutions.
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