Amplitude, Inc. (NASDAQ:AMPL) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. trimmed its position in shares of Amplitude, Inc. (NASDAQ:AMPL) by 24.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,690 shares of the company’s stock after selling 17,514 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Amplitude were worth $482,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Headlands Technologies LLC purchased a new position in Amplitude in the first quarter valued at approximately $32,000. Quest Partners LLC purchased a new position in Amplitude during the 2nd quarter worth $41,000. Russell Investments Group Ltd. acquired a new stake in Amplitude in the first quarter valued at about $45,000. Principal Financial Group Inc. acquired a new stake in shares of Amplitude in the 2nd quarter valued at approximately $92,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in Amplitude in the first quarter valued at $95,000. Hedge funds and other institutional investors own 73.20% of the company’s stock.

Amplitude Trading Down 0.3 %

NASDAQ AMPL opened at $9.00 on Thursday. Amplitude, Inc. has a 1 year low of $7.37 and a 1 year high of $14.42. The company has a market cap of $1.10 billion, a P/E ratio of -12.33 and a beta of 1.33. The company has a fifty day simple moving average of $8.76 and a 200 day simple moving average of $8.87.

Amplitude (NASDAQ:AMPL) last posted its earnings results 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 company had revenue of $73.30 million for the quarter, compared to the consensus estimate of $71.98 million. During the same quarter last year, the business earned ($0.17) EPS. Amplitude’s quarterly revenue was up 8.2% compared to the same quarter last year. Equities research analysts forecast that Amplitude, Inc. will post -0.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on AMPL shares. Piper Sandler decreased their price objective on Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. UBS Group cut their price objective on Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a 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 on the stock in a report on Friday, August 9th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $10.33.

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.