SG Americas Securities LLC Takes $326,000 Position in Amplitude, Inc. (NASDAQ:AMPL)

SG Americas Securities LLC acquired a new stake in shares of Amplitude, Inc. (NASDAQ:AMPL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,381 shares of the company’s stock, valued at approximately $326,000.

Several other institutional investors have also recently made changes to their positions in AMPL. Vanguard Group Inc. raised its holdings in shares of Amplitude by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 7,843,411 shares of the company’s stock valued at $99,768,000 after purchasing an additional 105,616 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Amplitude by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,984 shares of the company’s stock valued at $141,000 after buying an additional 1,099 shares during the last quarter. Source Financial Advisors LLC increased its stake in Amplitude by 9.5% in the 1st quarter. Source Financial Advisors LLC now owns 134,808 shares of the company’s stock valued at $1,467,000 after buying an additional 11,643 shares during the last quarter. ANTIPODES PARTNERS Ltd bought a new position in shares of Amplitude during the 1st quarter valued at approximately $95,000. Finally, Swiss National Bank grew its position in shares of Amplitude by 7.5% during the 1st quarter. Swiss National Bank now owns 132,100 shares of the company’s stock valued at $1,437,000 after acquiring an additional 9,200 shares during the period. Institutional investors and hedge funds own 73.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMPL. Piper Sandler reduced their target price on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. UBS Group reduced their target price on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, Robert W. Baird reduced their target price on shares of Amplitude from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.33.

Amplitude Trading Up 0.9 %

AMPL opened at $9.02 on Friday. The company has a 50 day moving average of $8.73 and a 200 day moving average of $8.90. The company has a market cap of $1.10 billion, a PE ratio of -12.36 and a beta of 1.33. Amplitude, Inc. has a 12 month low of $7.37 and a 12 month high of $14.42.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.18). Amplitude had a negative return on equity of 27.58% and a negative net margin of 28.19%. The business had revenue of $73.30 million during the quarter, compared to the consensus estimate of $71.98 million. During the same period last year, the business posted ($0.17) earnings per share. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. Research analysts forecast that Amplitude, Inc. will post -0.65 earnings per share for the current fiscal year.

Amplitude Company 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.