Stanley Laman Group Ltd. Reduces Stock Holdings in Amplitude, Inc. (NASDAQ:AMPL)

Stanley Laman Group Ltd. cut its holdings in Amplitude, Inc. (NASDAQ:AMPL) by 19.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,305 shares of the company’s stock after selling 10,385 shares during the period. Stanley Laman Group Ltd.’s holdings in Amplitude were worth $457,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its position in shares of Amplitude by 13.5% in the third quarter. Blue Trust Inc. now owns 19,518 shares of the company’s stock valued at $174,000 after acquiring an additional 2,324 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Amplitude by 19.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,146 shares of the company’s stock worth $199,000 after acquiring an additional 3,552 shares during the last quarter. Quantbot Technologies LP grew its holdings in shares of Amplitude by 21.5% during the 3rd quarter. Quantbot Technologies LP now owns 24,390 shares of the company’s stock worth $219,000 after purchasing an additional 4,309 shares during the period. The Manufacturers Life Insurance Company increased its position in Amplitude by 13.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 39,934 shares of the company’s stock worth $355,000 after purchasing an additional 4,647 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Amplitude by 15.7% in the fourth quarter. SG Americas Securities LLC now owns 42,107 shares of the company’s stock valued at $444,000 after buying an additional 5,726 shares during the period. 73.20% of the stock is owned by institutional investors and hedge funds.

Amplitude Stock Up 0.9 %

AMPL stock opened at $12.46 on Friday. The company has a market capitalization of $1.18 billion, a PE ratio of -18.60 and a beta of 1.37. The stock’s 50 day moving average is $11.34 and its two-hundred day moving average is $9.89. Amplitude, Inc. has a 52-week low of $7.37 and a 52-week high of $14.40.

Analyst Ratings Changes

A number of brokerages recently weighed in on AMPL. DA Davidson raised shares of Amplitude to a “hold” rating in a research report on Monday. Scotiabank increased their target price on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. KeyCorp raised Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price target on the stock in a research report on Friday, December 13th. Morgan Stanley raised shares of Amplitude from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $10.00 to $11.00 in a research report on Monday, January 13th. Finally, Piper Sandler raised shares of Amplitude from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $11.00 to $15.00 in a research report on Monday, January 6th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.43.

Insider Buying and Selling

In other Amplitude news, Director Eric Vishria sold 3,563 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $12.00, for a total transaction of $42,756.00. Following the sale, the director now owns 276,208 shares in the company, valued at $3,314,496. This represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 4.80% 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.