TRUE Private Wealth Advisors Buys Shares of 23,557 Amplitude, Inc. $AMPL

TRUE Private Wealth Advisors purchased a new position in shares of Amplitude, Inc. (NASDAQ:AMPL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 23,557 shares of the company’s stock, valued at approximately $292,000.

Several other hedge funds have also made changes to their positions in AMPL. CWM LLC grew its stake in Amplitude by 311.8% during the 1st quarter. CWM LLC now owns 14,273 shares of the company’s stock worth $145,000 after buying an additional 10,807 shares during the last quarter. Allianz Asset Management GmbH grew its position in shares of Amplitude by 266.0% during the first quarter. Allianz Asset Management GmbH now owns 38,800 shares of the company’s stock worth $395,000 after acquiring an additional 28,200 shares during the last quarter. Baillie Gifford & Co. acquired a new stake in shares of Amplitude in the 1st quarter worth about $20,292,000. TD Asset Management Inc increased its holdings in shares of Amplitude by 5.8% during the first quarter. TD Asset Management Inc now owns 299,694 shares of the company’s stock valued at $3,054,000 after purchasing an additional 16,408 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Amplitude by 16.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,989 shares of the company’s stock valued at $306,000 after buying an additional 4,301 shares in the last quarter. Institutional investors own 73.20% of the company’s stock.

Insider Activity at Amplitude

In related news, CEO Spenser Skates sold 400,000 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $10.99, for a total transaction of $4,396,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Erica Schultz sold 10,000 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $10.23, for a total value of $102,300.00. Following the completion of the transaction, the director owned 107,406 shares in the company, valued at $1,098,763.38. This trade represents a 8.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 430,000 shares of company stock valued at $4,710,100. Corporate insiders own 23.83% of the company’s stock.

Amplitude Trading Down 0.5%

Shares of AMPL stock opened at $9.82 on Thursday. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of -12.27 and a beta of 1.51. Amplitude, Inc. has a 1-year low of $7.55 and a 1-year high of $14.88. The stock’s fifty day simple moving average is $10.49 and its 200-day simple moving average is $11.44.

Amplitude (NASDAQ:AMPL) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $88.56 million during the quarter, compared to analyst estimates of $86.29 million. Amplitude had a negative return on equity of 36.27% and a negative net margin of 31.36%.The business’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period last year, the company posted $0.03 EPS. Amplitude has set its FY 2025 guidance at 0.060-0.08 EPS. Q4 2025 guidance at 0.040-0.05 EPS. On average, sell-side analysts predict that Amplitude, Inc. will post -0.62 EPS for the current year.

Analyst Upgrades and Downgrades

AMPL has been the topic of a number of recent analyst reports. Robert W. Baird dropped their price target on shares of Amplitude from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of Amplitude in a report on Wednesday, October 8th. DA Davidson reaffirmed a “buy” rating and set a $16.00 price target on shares of Amplitude in a research note on Monday, September 29th. Needham & Company LLC upped their price target on Amplitude from $16.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Finally, UBS Group raised Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.40.

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.