Stanley Laman Group Ltd. Has $542,000 Stock Position in Amplitude, Inc. $AMPL

Stanley Laman Group Ltd. reduced its stake in Amplitude, Inc. (NASDAQ:AMPL) by 8.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,691 shares of the company’s stock after selling 4,001 shares during the period. Stanley Laman Group Ltd.’s holdings in Amplitude were worth $542,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Liberty Mutual Group Asset Management Inc. bought a new position in Amplitude during the first quarter worth about $947,000. Principal Financial Group Inc. bought a new position in Amplitude during the 1st quarter worth approximately $1,586,000. Quantbot Technologies LP bought a new position in Amplitude during the 1st quarter worth approximately $671,000. Wealth Enhancement Advisory Services LLC acquired a new position in Amplitude during the first quarter valued at approximately $107,000. Finally, Nuveen LLC acquired a new stake in Amplitude in the first quarter worth $2,526,000. Institutional investors own 73.20% of the company’s stock.

Amplitude Price Performance

AMPL opened at $9.69 on Friday. The company has a market capitalization of $989.45 million, a price-to-earnings ratio of -12.75 and a beta of 1.52. The business’s 50-day moving average price is $11.02 and its two-hundred day moving average price is $11.21. Amplitude, Inc. has a 1 year low of $7.55 and a 1 year high of $14.88.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. Amplitude had a negative return on equity of 33.08% and a negative net margin of 30.43%.The business had revenue of $83.27 million during the quarter, compared to the consensus estimate of $81.29 million. Amplitude’s revenue was up 13.6% on a year-over-year basis. Sell-side analysts anticipate that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Erica Schultz sold 10,000 shares of Amplitude stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $10.12, for a total value of $101,200.00. Following the sale, the director directly owned 107,406 shares in the company, valued at $1,086,948.72. This trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 27,500 shares of company stock valued at $297,750 in the last 90 days. 23.83% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AMPL shares. Benchmark reissued a “buy” rating on shares of Amplitude in a report on Friday, July 11th. Needham & Company LLC lifted their target price on Amplitude from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Amplitude in a report on Wednesday, October 8th. Piper Sandler raised their price target on Amplitude from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Finally, Wall Street Zen lowered Amplitude from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Amplitude presently has a consensus rating of “Moderate Buy” and an average price target of $14.20.

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.