23,460 Shares in Amplitude, Inc. (NASDAQ:AMPL) Acquired by Huntleigh Advisors Inc.

Huntleigh Advisors Inc. purchased a new position in Amplitude, Inc. (NASDAQ:AMPL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 23,460 shares of the company's stock, valued at approximately $239,000.

Several other large investors have also recently modified their holdings of AMPL. Headlands Technologies LLC purchased a new position in shares of Amplitude in the 4th quarter worth about $38,000. Aquatic Capital Management LLC raised its position 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 worth $44,000 after purchasing an additional 2,647 shares during the last quarter. Canada Pension Plan Investment Board raised its position 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 worth $75,000 after purchasing an additional 5,100 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in Amplitude by 22.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company's stock worth $86,000 after buying an additional 1,492 shares in the last quarter. Finally, Meros Investment Management LP bought a new stake in Amplitude in the 4th quarter worth about $102,000. Hedge funds and other institutional investors own 73.20% of the company's stock.

Insider Activity

In other news, Director Eric Vishria sold 25,000 shares of Amplitude stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $10.15, for a total transaction of $253,750.00. Following the transaction, the director directly owned 261,859 shares of the company's stock, valued at $2,657,868.85. The trade was a 8.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Erica Schultz sold 26,394 shares of Amplitude stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $12.49, for a total value of $329,661.06. Following the transaction, the director directly owned 92,500 shares in the company, valued at approximately $1,155,325. The trade was a 22.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,411 shares of company stock valued at $730,902 in the last ninety days. Corporate insiders own 4.80% of the company's stock.

Amplitude Stock Up 1.5%

Shares of Amplitude stock traded up $0.19 during trading hours on Tuesday, reaching $12.90. 1,157,109 shares of the stock traded hands, compared to its average volume of 805,832. The company has a 50 day moving average price of $11.86 and a 200 day moving average price of $11.29. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of -16.97 and a beta of 1.54. Amplitude, Inc. has a one year low of $7.37 and a one year high of $14.88.

Amplitude (NASDAQ:AMPL - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.16). Amplitude had a negative net margin of 31.01% and a negative return on equity of 32.50%. The firm had revenue of $79.95 million for the quarter, compared to the consensus estimate of $79.81 million. During the same quarter in the prior year, the firm earned $0.01 earnings per share. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. Sell-side analysts anticipate that Amplitude, Inc. will post -0.62 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Needham & Company LLC reiterated a "buy" rating and issued a $16.00 price objective on shares of Amplitude in a report on Wednesday, June 11th. Robert W. Baird reduced their price objective on Amplitude from $17.00 to $14.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Piper Sandler lifted their price objective on Amplitude from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Morgan Stanley lifted their price objective on Amplitude from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Finally, Bank of America lifted their price objective on Amplitude from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Monday, June 16th. 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $13.50.

About Amplitude

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.