Amplitude, Inc. (NASDAQ:AMPL) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. cut its position in Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 34.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,527 shares of the company's stock after selling 59,312 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.12% of Amplitude worth $1,166,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Amplitude by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 9,189,698 shares of the company's stock valued at $96,951,000 after purchasing an additional 447,277 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of Amplitude by 9.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,996,229 shares of the company's stock valued at $94,911,000 after purchasing an additional 770,227 shares during the period. Sunriver Management LLC boosted its position in shares of Amplitude by 24.3% in the 4th quarter. Sunriver Management LLC now owns 3,772,808 shares of the company's stock valued at $39,803,000 after purchasing an additional 737,600 shares during the period. Geode Capital Management LLC boosted its position in shares of Amplitude by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,955,564 shares of the company's stock valued at $20,636,000 after purchasing an additional 52,033 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Amplitude by 0.8% in the 4th quarter. Janus Henderson Group PLC now owns 1,645,539 shares of the company's stock valued at $17,360,000 after purchasing an additional 12,559 shares during the period. 73.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on AMPL shares. UBS Group decreased their target price on Amplitude from $13.00 to $11.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Citigroup increased their price objective on Amplitude from $11.00 to $15.00 and gave the stock a "neutral" rating in a research report on Monday, February 24th. Piper Sandler increased their price objective on Amplitude from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. DA Davidson decreased their price objective on Amplitude from $16.00 to $12.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Baird R W raised Amplitude from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amplitude presently has a consensus rating of "Moderate Buy" and an average target price of $13.60.

Amplitude Price Performance

Shares of AMPL stock traded up $0.23 during trading hours on Thursday, reaching $12.21. 304,714 shares of the company's stock were exchanged, compared to its average volume of 744,908. The company has a market cap of $1.21 billion, a P/E ratio of -15.85 and a beta of 1.40. The company's 50 day moving average is $10.07 and its two-hundred day moving average is $10.89. Amplitude, Inc. has a 1 year low of $7.37 and a 1 year high of $14.88.

Amplitude (NASDAQ:AMPL - Get Free Report) last issued its 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). The business had revenue of $79.95 million for the quarter, compared to analysts' expectations of $79.81 million. Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. The business's quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the company posted $0.01 earnings per share. As a group, analysts predict that Amplitude, Inc. will post -0.62 EPS for the current fiscal year.

Insider Transactions at Amplitude

In other news, Director Eric Vishria sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $10.15, for a total transaction of $253,750.00. Following the completion of the transaction, the director now directly owns 261,859 shares of the company's stock, valued at approximately $2,657,868.85. This represents a 8.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Catherine Wong sold 3,515 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $11.75, for a total value of $41,301.25. Following the transaction, the director now directly owns 87,654 shares of the company's stock, valued at approximately $1,029,934.50. This trade represents a 3.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 63,515 shares of company stock valued at $743,051. Corporate 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.