Jacobs Levy Equity Management Inc. Has $1.17 Million Stock Holdings in Amplitude, Inc. (NASDAQ:AMPL)

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

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Janus Henderson Group PLC increased its position in shares of Amplitude by 0.8% during the fourth 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. Bank of America Corp DE raised its position in Amplitude by 13.1% in the 4th quarter. Bank of America Corp DE now owns 356,001 shares of the company's stock valued at $3,756,000 after purchasing an additional 41,229 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in Amplitude during the 4th quarter worth about $297,000. Ameriprise Financial Inc. bought a new stake in shares of Amplitude during the fourth quarter worth $129,000. Finally, ArrowMark Colorado Holdings LLC raised its stake in shares of Amplitude by 6.5% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,579,529 shares of the company's stock worth $16,664,000 after buying an additional 96,791 shares during the last quarter. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AMPL. Needham & Company LLC reissued a "buy" rating and issued a $16.00 price target on shares of Amplitude in a report on Tuesday. Scotiabank decreased their price objective on Amplitude from $12.00 to $10.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. Morgan Stanley lifted their price target 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. Baird R W raised shares of Amplitude from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 20th. Finally, DA Davidson cut their price objective on shares of Amplitude from $16.00 to $12.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amplitude presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.60.

Insider Transactions at Amplitude

In related news, Director Eric Vishria sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $10.15, for a total value of $253,750.00. Following the completion of the sale, the director now directly owns 261,859 shares in the company, valued at approximately $2,657,868.85. The trade was a 8.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 23.83% of the company's stock.

Amplitude Price Performance

AMPL stock traded up $0.41 during midday trading on Tuesday, reaching $12.18. 2,101,957 shares of the company were exchanged, compared to its average volume of 741,749. Amplitude, Inc. has a one year low of $7.37 and a one year high of $14.88. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -15.82 and a beta of 1.40. The business has a 50-day moving average price of $10.05 and a two-hundred day moving average price of $10.87.

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

Amplitude Company 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.