Sei Investments Co. Makes New $269,000 Investment in Amplitude, Inc. $AMPL

Key Points

• Sei Investments Co. has made a new investment of approximately $269,000 in Amplitude, acquiring 26,343 shares of the company in the first quarter.
• Analysts have mixed ratings on Amplitude, with five ratings for hold, seven for buy, and a consensus price target of $13.80.
• Amplitude's stock opened at $11.47, with a 1-year range between $7.55 and $14.88, and the company reported a quarterly revenue of $83.27 million.

Sei Investments Co. bought a new stake in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 26,343 shares of the company's stock, valued at approximately $269,000.

Several other institutional investors and hedge funds have also modified their holdings of AMPL. Occudo Quantitative Strategies LP lifted its position in Amplitude by 2.1% during the 4th quarter. Occudo Quantitative Strategies LP now owns 41,365 shares of the company's stock worth $436,000 after acquiring an additional 832 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Amplitude by 33.3% during the 1st quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company's stock worth $59,000 after acquiring an additional 1,455 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Amplitude by 22.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company's stock worth $86,000 after purchasing an additional 1,492 shares during the period. Legal & General Group Plc increased its holdings in shares of Amplitude by 2.6% during the 4th quarter. Legal & General Group Plc now owns 82,998 shares of the company's stock worth $876,000 after purchasing an additional 2,111 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Amplitude by 6.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,361 shares of the company's stock worth $468,000 after purchasing an additional 2,512 shares during the period. Institutional investors and hedge funds own 73.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AMPL shares. Scotiabank dropped their price objective on shares of Amplitude from $12.00 to $10.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Morgan Stanley upped their target price on shares of Amplitude from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Benchmark reissued a "buy" rating on shares of Amplitude in a research note on Friday, July 11th. UBS Group lowered their target price on shares of Amplitude from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Finally, Robert W. Baird decreased their price objective on shares of Amplitude from $17.00 to $14.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $13.80.

Amplitude Price Performance

Shares of AMPL stock traded up $0.07 during trading hours on Thursday, reaching $10.93. 576,306 shares of the company were exchanged, compared to its average volume of 1,211,815. Amplitude, Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $14.88. The stock's fifty day moving average is $12.19 and its two-hundred day moving average is $11.54. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -14.38 and a beta of 1.54.

Amplitude (NASDAQ:AMPL - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.01. Amplitude had a negative net margin of 30.43% and a negative return on equity of 33.08%. The company had revenue of $83.27 million for the quarter, compared to analyst estimates of $81.29 million. Amplitude's revenue was up 13.6% compared to the same quarter last year. On average, research analysts anticipate that Amplitude, Inc. will post -0.62 earnings per share for the current year.

Insider Buying and Selling at Amplitude

In related news, Director Catherine Wong sold 8,502 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $12.49, for a total value of $106,189.98. Following the sale, the director directly owned 79,152 shares of the company's stock, valued at approximately $988,608.48. The trade was a 9.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Erica Schultz sold 26,394 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $12.49, for a total transaction of $329,661.06. Following the completion of the sale, the director directly owned 92,500 shares in the company, valued at $1,155,325. This represents a 22.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,896 shares of company stock worth $616,001 over the last 90 days. 23.83% of the stock is owned by corporate insiders.

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.