Jacobs Levy Equity Management Inc. Buys 174,967 Shares of Amplitude, Inc. (NASDAQ:AMPL)

Jacobs Levy Equity Management Inc. raised its stake in Amplitude, Inc. (NASDAQ:AMPL) by 918.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 194,010 shares of the company’s stock after acquiring an additional 174,967 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.16% of Amplitude worth $2,111,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Amplitude by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 7,843,411 shares of the company’s stock valued at $99,768,000 after purchasing an additional 105,616 shares during the last quarter. Sunriver Management LLC lifted its position in shares of Amplitude by 28.2% during the fourth quarter. Sunriver Management LLC now owns 2,242,883 shares of the company’s stock valued at $28,529,000 after buying an additional 493,046 shares during the last quarter. Readystate Asset Management LP acquired a new stake in Amplitude in the fourth quarter valued at approximately $2,197,000. Cerity Partners LLC acquired a new position in shares of Amplitude during the fourth quarter worth $1,310,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Amplitude by 36.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,594 shares of the company’s stock valued at $237,000 after purchasing an additional 5,009 shares during the last quarter. Hedge funds and other institutional investors own 73.20% of the company’s stock.

Analyst Ratings Changes

AMPL has been the topic of several recent analyst reports. Morgan Stanley reduced their target price on Amplitude from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Friday, May 10th. UBS Group cut their price target on shares of Amplitude from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. Finally, Piper Sandler lowered their price objective on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, Amplitude currently has an average rating of “Hold” and an average price target of $10.80.

Amplitude Stock Performance

NASDAQ AMPL opened at $8.56 on Thursday. Amplitude, Inc. has a 1 year low of $7.88 and a 1 year high of $14.42. The company has a fifty day moving average of $8.58 and a 200 day moving average of $10.34.

Amplitude (NASDAQ:AMPL) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.18) EPS for the quarter, hitting analysts’ consensus estimates of ($0.18). Amplitude had a negative net margin of 30.28% and a negative return on equity of 26.15%. The business had revenue of $72.62 million for the quarter, compared to analysts’ expectations of $72.25 million. As a group, analysts predict that Amplitude, Inc. will post -0.62 EPS for the current year.

Insider Transactions at Amplitude

In related news, Director Catherine Wong sold 3,515 shares of Amplitude stock in a transaction on Friday, May 17th. The shares were sold at an average price of $9.16, for a total value of $32,197.40. Following the sale, the director now owns 82,820 shares of the company’s stock, valued at approximately $758,631.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 28.71% of the company’s stock.

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.