Strs Ohio Invests $331,000 in Amplitude, Inc. $AMPL

Key Points

• Strs Ohio has invested approximately $331,000 in Amplitude, Inc. by purchasing 32,500 shares of stock in the 1st quarter.
• Several large investors increased their stakes in Amplitude, leading to 73.20% of the stock being owned by hedge funds and institutional investors.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Amplitude with a price target of $13.80, while recent earnings showed a 13.6% revenue increase year-over-year.

Strs Ohio purchased a new position in Amplitude, Inc. (NASDAQ:AMPL - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 32,500 shares of the company's stock, valued at approximately $331,000.

Several other large investors have also recently made changes to their positions in the business. Russell Investments Group Ltd. grew its stake in shares of Amplitude by 33.3% in the 1st quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company's stock worth $59,000 after buying an additional 1,455 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Amplitude during the first quarter valued at $107,000. Aigen Investment Management LP purchased a new position in shares of Amplitude in the 1st quarter worth about $114,000. Teacher Retirement System of Texas purchased a new stake in shares of Amplitude during the first quarter valued at approximately $119,000. Finally, Summit Trail Advisors LLC bought a new position in Amplitude in the 1st quarter valued at approximately $124,000. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on AMPL. Benchmark reissued a "buy" rating on shares of Amplitude in a report on Friday, July 11th. 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. Needham & Company LLC upped their target price on shares of Amplitude from $16.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Wall Street Zen lowered shares of Amplitude from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Piper Sandler boosted their price objective on shares of Amplitude from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $13.80.

Amplitude Price Performance

Shares of NASDAQ AMPL opened at $11.74 on Wednesday. The stock has a market cap of $1.20 billion, a PE ratio of -15.45 and a beta of 1.54. Amplitude, Inc. has a 1 year low of $7.55 and a 1 year high of $14.88. The firm has a fifty day moving average price of $11.75 and a 200-day moving average price of $11.34.

Amplitude (NASDAQ:AMPL - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate 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 during the quarter, compared to the consensus estimate of $81.29 million. The company's quarterly revenue was up 13.6% compared to the same quarter last year. On average, research analysts expect that Amplitude, Inc. will post -0.62 EPS for the current year.

Insider Transactions 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 stock was sold at an average price of $11.06, for a total value of $110,600.00. Following the transaction, the director directly owned 107,406 shares of the company's stock, valued at approximately $1,187,910.36. The trade was a 8.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 25,000 shares of company stock worth $290,750. 4.80% of the stock is currently owned by company 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.

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