Stanley Laman Group Ltd. Sells 4,556 Shares of Amplitude, Inc. (NASDAQ:AMPL)

Stanley Laman Group Ltd. lessened its stake in shares of Amplitude, Inc. (NASDAQ:AMPL) by 5.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 75,602 shares of the company’s stock after selling 4,556 shares during the period. Stanley Laman Group Ltd.’s holdings in Amplitude were worth $962,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BluePath Capital Management LLC acquired a new stake in shares of Amplitude in the 3rd quarter worth about $33,000. SG Americas Securities LLC acquired a new stake in shares of Amplitude in the 3rd quarter worth about $116,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Amplitude by 22.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,885 shares of the company’s stock worth $151,000 after acquiring an additional 2,170 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Amplitude in the 3rd quarter worth about $145,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Amplitude by 73.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,585 shares of the company’s stock worth $157,000 after buying an additional 5,754 shares in the last quarter. Institutional investors own 73.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Piper Sandler reissued a “neutral” rating and set a $11.00 target price on shares of Amplitude in a research report on Wednesday, February 21st. KeyCorp began coverage on shares of Amplitude in a report on Thursday, March 21st. They issued a “sector weight” rating on the stock. Scotiabank cut shares of Amplitude from a “sector outperform” rating to a “sector perform” rating and set a $12.00 price target on the stock. in a report on Wednesday, February 21st. Morgan Stanley lowered their price target on shares of Amplitude from $12.00 to $10.00 and set an “underweight” rating on the stock in a report on Wednesday, April 17th. Finally, Citigroup reduced their price objective on shares of Amplitude from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, Amplitude presently has a consensus rating of “Hold” and an average target price of $11.50.

Amplitude Trading Up 1.0 %

Shares of AMPL traded up $0.10 during mid-day trading on Friday, reaching $9.92. 276,964 shares of the stock traded hands, compared to its average volume of 430,534. The firm has a fifty day moving average price of $10.93 and a 200 day moving average price of $11.51. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -12.72 and a beta of 1.36. Amplitude, Inc. has a 1 year low of $8.50 and a 1 year high of $14.42.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings results on Tuesday, February 20th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). Amplitude had a negative net margin of 32.71% and a negative return on equity of 27.73%. The firm had revenue of $71.40 million for the quarter, compared to analysts’ expectations of $71.56 million. On average, sell-side analysts anticipate that Amplitude, Inc. will post -0.62 EPS for the current year.

Insiders Place Their Bets

In other Amplitude news, Director Catherine Wong sold 3,515 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $11.97, for a total value of $42,074.55. Following the completion of the sale, the director now directly owns 86,335 shares of the company’s stock, valued at $1,033,429.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 28.71% of the stock is currently owned by 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.