Wilson Asset Management International PTY Ltd. Acquires Shares of 123,849 Amplitude, Inc. $AMPL

Key Points

• Wilson Asset Management International PTY Ltd. acquired 123,849 shares of Amplitude, Inc. for approximately $1.54 million, representing a 0.13% stake in the company.
• Several other investors, including Russell Investments Group Ltd. and CWM LLC, increased their stakes in Amplitude during recent quarters, highlighting growing institutional interest.
• The stock has been receiving varied analyst ratings, with one stating it as a "Moderate Buy" and a consensus target price of $14.20, reflecting mixed investor sentiment.

Wilson Asset Management International PTY Ltd. acquired a new stake in Amplitude, Inc. (NASDAQ:AMPL - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 123,849 shares of the company's stock, valued at approximately $1,536,000. Wilson Asset Management International PTY Ltd. owned approximately 0.13% of Amplitude at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its position in shares of Amplitude by 33.3% during the first quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company's stock valued at $59,000 after purchasing an additional 1,455 shares in the last quarter. CWM LLC lifted its position in shares of Amplitude by 14.1% during the second quarter. CWM LLC now owns 16,291 shares of the company's stock valued at $202,000 after purchasing an additional 2,018 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Amplitude by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,399 shares of the company's stock valued at $473,000 after purchasing an additional 2,038 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Amplitude by 16.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,989 shares of the company's stock valued at $306,000 after purchasing an additional 4,301 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Amplitude by 13.1% during the second quarter. Parallel Advisors LLC now owns 39,097 shares of the company's stock valued at $485,000 after purchasing an additional 4,528 shares in the last quarter. 73.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Amplitude news, Director Erica Schultz sold 10,000 shares of the company's stock in a transaction 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 directly owned 107,406 shares in the company, valued at approximately $1,187,910.36. This represents a 8.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AMPL has been the topic of several research reports. Piper Sandler lifted their price objective on shares of Amplitude from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Bank of America lifted their price objective on shares of Amplitude from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Benchmark reaffirmed a "buy" rating on shares of Amplitude in a research report on Friday, July 11th. Wall Street Zen lowered shares of Amplitude from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $16.00 price objective on shares of Amplitude in a research report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Amplitude currently has an average rating of "Moderate Buy" and a consensus target price of $14.20.

Amplitude Price Performance

AMPL stock opened at $10.06 on Tuesday. Amplitude, Inc. has a one year low of $7.55 and a one year high of $14.88. The stock has a market cap of $1.03 billion, a PE ratio of -13.24 and a beta of 1.52. The firm has a 50 day simple moving average of $11.20 and a two-hundred day simple moving average of $11.23.

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

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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