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

Stanley Laman Group Ltd. raised its position in Amplitude, Inc. (NASDAQ:AMPL) by 10.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,692 shares of the company’s stock after acquiring an additional 4,387 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Amplitude were worth $486,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in Amplitude in the 4th quarter valued at about $38,000. Aquatic Capital Management LLC boosted its stake in shares of Amplitude by 176.5% in the 4th quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company’s stock valued at $44,000 after buying an additional 2,647 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Amplitude by 255.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company’s stock valued at $75,000 after buying an additional 5,100 shares during the period. Summit Investment Advisors Inc. boosted its stake in shares of Amplitude by 22.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company’s stock valued at $86,000 after buying an additional 1,492 shares during the period. Finally, Meros Investment Management LP purchased a new position in shares of Amplitude in the 4th quarter valued at about $102,000. 73.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AMPL shares. Piper Sandler lifted their price objective on Amplitude from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. UBS Group decreased their price objective on Amplitude from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Bank of America lifted their price objective on Amplitude from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Baird R W upgraded Amplitude from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 20th. Finally, Robert W. Baird decreased their price objective on Amplitude from $17.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, May 8th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.60.

Insider Buying and Selling

In other Amplitude news, Director Erica Schultz sold 26,394 shares of Amplitude stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $12.49, for a total transaction of $329,661.06. Following the transaction, the director now owns 92,500 shares of the company’s stock, valued at $1,155,325. The trade was a 22.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Catherine Wong sold 8,502 shares of Amplitude stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $12.49, for a total value of $106,189.98. Following the transaction, the director now directly owns 79,152 shares in the company, valued at approximately $988,608.48. This trade represents a 9.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,411 shares of company stock worth $730,902 over the last 90 days. 23.83% of the stock is owned by insiders.

Amplitude Stock Down 6.7%

AMPL stock opened at $11.37 on Friday. The business has a 50 day moving average price of $10.65 and a 200 day moving average price of $11.16. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -14.77 and a beta of 1.56. Amplitude, Inc. has a fifty-two week low of $7.37 and a fifty-two week high of $14.88.

Amplitude (NASDAQ:AMPL) last posted its earnings results on Wednesday, May 7th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.16). The business had revenue of $79.95 million for the quarter, compared to analysts’ expectations of $79.81 million. Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. Amplitude’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.01 EPS. As a group, sell-side analysts anticipate that Amplitude, Inc. will post -0.62 EPS for the current year.

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.