Blue Trust Inc. Sells 2,564 Shares of Amplitude, Inc. $AMPL

Blue Trust Inc. lessened its stake in shares of Amplitude, Inc. (NASDAQ:AMPL) by 7.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,827 shares of the company’s stock after selling 2,564 shares during the period. Blue Trust Inc.’s holdings in Amplitude were worth $407,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMPL. GAMMA Investing LLC boosted its stake in Amplitude by 45,828.6% during the first quarter. GAMMA Investing LLC now owns 6,430 shares of the company’s stock valued at $631,000 after buying an additional 6,416 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Amplitude by 6.4% during the 1st quarter. Rhumbline Advisers now owns 108,431 shares of the company’s stock valued at $1,105,000 after acquiring an additional 6,477 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Amplitude during the 1st quarter valued at approximately $107,000. Summit Trail Advisors LLC bought a new position in Amplitude during the first quarter valued at $124,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Amplitude in the 1st quarter valued at about $119,000. 73.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Bank of America raised their price target on Amplitude from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, June 16th. Wall Street Zen downgraded shares of Amplitude from a “buy” rating to a “hold” rating in a research note on Sunday, July 20th. Benchmark reissued a “buy” rating on shares of Amplitude in a research note on Friday, July 11th. Piper Sandler raised their price target on Amplitude from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Finally, DA Davidson reissued a “buy” rating and set a $16.00 price target on shares of Amplitude in a research note on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Amplitude currently has an average rating of “Moderate Buy” and an average target price of $14.20.

Amplitude Stock Up 1.2%

Shares of NASDAQ AMPL opened at $10.06 on Tuesday. The business has a fifty day simple moving average of $11.20 and a two-hundred day simple moving average of $11.23. The firm has a market cap of $1.03 billion, a PE ratio of -13.24 and a beta of 1.52. Amplitude, Inc. has a twelve month low of $7.55 and a twelve month high of $14.88.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $83.27 million during the quarter, compared to the consensus estimate of $81.29 million. Amplitude had a negative return on equity of 33.08% and a negative net margin of 30.43%.Amplitude’s revenue was up 13.6% compared to the same quarter last year. On average, research analysts expect that Amplitude, Inc. will post -0.62 earnings per share for the current year.

Insider Activity at Amplitude

In related news, Director Erica Schultz sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $11.06, for a total value of $110,600.00. Following the completion of the transaction, the director owned 107,406 shares of the company’s stock, valued at $1,187,910.36. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.80% of the company’s stock.

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.