Kera Capital Partners Inc. Sells 58,757 Shares of Amplitude, Inc. (NASDAQ:AMPL)

Kera Capital Partners Inc. lessened its holdings in Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 41.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,250 shares of the company's stock after selling 58,757 shares during the quarter. Kera Capital Partners Inc. owned 0.06% of Amplitude worth $848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in AMPL. SG Americas Securities LLC raised its stake in shares of Amplitude by 15.7% in the fourth quarter. SG Americas Securities LLC now owns 42,107 shares of the company's stock valued at $444,000 after buying an additional 5,726 shares during the period. Blue Trust Inc. grew its stake in shares of Amplitude by 58.3% during the 4th quarter. Blue Trust Inc. now owns 30,902 shares of the company's stock worth $326,000 after acquiring an additional 11,384 shares during the period. Savant Capital LLC purchased a new stake in Amplitude in the 4th quarter worth about $1,455,000. Rhumbline Advisers raised its stake in Amplitude by 1.0% in the 4th quarter. Rhumbline Advisers now owns 101,954 shares of the company's stock valued at $1,076,000 after acquiring an additional 1,040 shares during the period. Finally, New York State Common Retirement Fund raised its stake in Amplitude by 79.7% in the 4th quarter. New York State Common Retirement Fund now owns 23,680 shares of the company's stock valued at $250,000 after acquiring an additional 10,500 shares during the period. 73.20% of the stock is owned by hedge funds and other institutional investors.

Amplitude Trading Up 0.4%

Shares of AMPL traded up $0.05 during trading hours on Friday, reaching $12.44. 1,203,126 shares of the company's stock traded hands, compared to its average volume of 751,067. The firm's 50 day simple moving average is $10.14 and its 200-day simple moving average is $11.01. The stock has a market cap of $1.23 billion, a PE ratio of -16.16 and a beta of 1.40. Amplitude, Inc. has a 12 month low of $7.37 and a 12 month high of $14.88.

Amplitude (NASDAQ:AMPL - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.16). Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. The company had revenue of $79.95 million during the quarter, compared to the consensus estimate of $79.81 million. During the same period in the previous year, the company earned $0.01 EPS. Amplitude's quarterly revenue was up 10.1% on a year-over-year basis. As a group, analysts expect that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AMPL shares. Morgan Stanley lifted their target price on shares of Amplitude from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Piper Sandler boosted 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. Robert W. Baird cut their target price on Amplitude from $17.00 to $14.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. DA Davidson decreased their price target on Amplitude from $16.00 to $12.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, UBS Group lowered their price target on shares of Amplitude from $13.00 to $11.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $13.60.

Insider Activity

In other Amplitude news, Director Catherine Wong sold 3,515 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $11.75, for a total value of $41,301.25. Following the completion of the sale, the director now directly owns 87,654 shares in the company, valued at $1,029,934.50. This trade represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Eric Vishria sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $10.15, for a total value of $253,750.00. Following the completion of the transaction, the director now owns 261,859 shares of the company's stock, valued at approximately $2,657,868.85. The trade was a 8.72% decrease in their position. The disclosure for this sale can be found here. Insiders own 23.83% 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.