Cerity Partners LLC Purchases Shares of 102,980 Amplitude, Inc. (NASDAQ:AMPL)

Cerity Partners LLC bought a new stake in Amplitude, Inc. (NASDAQ:AMPL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 102,980 shares of the company's stock, valued at approximately $1,310,000. Cerity Partners LLC owned about 0.09% of Amplitude as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AMPL. US Bancorp DE purchased a new stake in Amplitude during the first quarter valued at about $28,000. Dark Forest Capital Management LP purchased a new stake in Amplitude during the first quarter valued at about $27,000. Lazard Asset Management LLC purchased a new stake in Amplitude during the fourth quarter valued at about $30,000. BluePath Capital Management LLC purchased a new stake in Amplitude during the third quarter valued at about $33,000. Finally, Russell Investments Group Ltd. purchased a new stake in Amplitude during the second quarter valued at about $40,000. Institutional investors own 73.20% of the company's stock.

Insiders Place Their Bets

In other Amplitude news, Director Catherine Wong sold 3,515 shares of the firm's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $11.97, for a total value of $42,074.55. Following the completion of the sale, the director now directly owns 86,335 shares in the company, valued at $1,033,429.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 28.71% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AMPL. KeyCorp began coverage on shares of Amplitude in a research report on Thursday, March 21st. They set a "sector weight" rating for the company. Citigroup dropped their target price on shares of Amplitude from $14.00 to $13.00 and set a "neutral" rating for the company in a report on Wednesday, February 21st. Morgan Stanley dropped their target price on shares of Amplitude from $12.00 to $10.00 and set an "underweight" rating for the company in a report on Wednesday. Piper Sandler reiterated a "neutral" rating and set a $11.00 target price on shares of Amplitude in a report on Wednesday, February 21st. Finally, Scotiabank lowered shares of Amplitude from a "sector outperform" rating to a "sector perform" rating and set a $12.00 target price for the company. in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, Amplitude has a consensus rating of "Hold" and a consensus price target of $11.50.

Amplitude Price Performance

AMPL remained flat at $9.46 on Friday. 296,575 shares of the company's stock traded hands, compared to its average volume of 275,479. Amplitude, Inc. has a twelve month low of $8.50 and a twelve month high of $14.42. The business has a 50-day simple moving average of $11.36 and a two-hundred day simple moving average of $11.56. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of -12.13 and a beta of 1.36.

Amplitude (NASDAQ:AMPL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.01). Amplitude had a negative return on equity of 27.73% and a negative net margin of 32.71%. The company had revenue of $71.40 million during the quarter, compared to analysts' expectations of $71.56 million. On average, analysts anticipate that Amplitude, Inc. will post -0.62 earnings per share for the current 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.