Amplitude, Inc. (NASDAQ:AMPL) Shares Acquired by Arizona State Retirement System

Arizona State Retirement System raised its position in shares of Amplitude, Inc. (NASDAQ:AMPL – Get Rating) by 15.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,951 shares of the company’s stock after acquiring an additional 1,962 shares during the quarter. Arizona State Retirement System’s holdings in Amplitude were worth $181,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. TD Asset Management Inc raised its holdings in shares of Amplitude by 13.7% during the fourth quarter. TD Asset Management Inc now owns 63,238 shares of the company’s stock valued at $764,000 after acquiring an additional 7,600 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of Amplitude by 235.9% during the fourth quarter. Los Angeles Capital Management LLC now owns 66,965 shares of the company’s stock valued at $809,000 after acquiring an additional 47,030 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Amplitude by 23.3% in the fourth quarter. Parallel Advisors LLC now owns 22,574 shares of the company’s stock valued at $273,000 after purchasing an additional 4,272 shares in the last quarter. Growth Interface Management LLC purchased a new stake in shares of Amplitude in the fourth quarter valued at approximately $5,678,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Amplitude by 42.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,831 shares of the company’s stock valued at $95,000 after purchasing an additional 2,343 shares in the last quarter. Institutional investors and hedge funds own 40.90% of the company’s stock.

Insider Activity

In other news, President Thomas Neergaard Hansen sold 22,760 shares of the stock in a transaction on Monday, April 10th. The stock was sold at an average price of $11.67, for a total value of $265,609.20. Following the sale, the president now directly owns 944,634 shares in the company, valued at $11,023,878.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 45.39% of the company’s stock.

Amplitude Trading Down 0.5 %

Shares of NASDAQ AMPL opened at $9.32 on Thursday. The stock has a market cap of $1.08 billion, a P/E ratio of -10.84 and a beta of 1.32. Amplitude, Inc. has a 12-month low of $8.50 and a 12-month high of $19.74. The business’s fifty day simple moving average is $11.25 and its 200-day simple moving average is $12.65.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AMPL shares. Citigroup dropped their price target on Amplitude from $13.00 to $12.00 in a research report on Wednesday, May 10th. William Blair lowered Amplitude from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 10th. Piper Sandler lowered Amplitude from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $19.00 to $9.00 in a research report on Wednesday, May 10th. Bank of America lowered their price objective on Amplitude from $20.00 to $18.00 in a research report on Thursday, April 6th. Finally, DA Davidson started coverage on Amplitude in a research report on Tuesday, March 14th. They issued a “neutral” rating and a $13.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amplitude has an average rating of “Hold” and an average price target of $16.33.

About Amplitude

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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.