Inspire Investing LLC Sells 7,856 Shares of Amplitude, Inc. (NASDAQ:AMPL)

Inspire Investing LLC decreased its stake in shares of Amplitude, Inc. (NASDAQ:AMPL) by 17.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,232 shares of the company’s stock after selling 7,856 shares during the period. Inspire Investing LLC’s holdings in Amplitude were worth $403,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Renaissance Technologies LLC grew its holdings in shares of Amplitude by 19.5% during the 2nd quarter. Renaissance Technologies LLC now owns 413,100 shares of the company’s stock worth $3,677,000 after acquiring an additional 67,500 shares during the period. XTX Topco Ltd purchased a new stake in Amplitude in the second quarter worth $133,000. The Manufacturers Life Insurance Company raised its holdings in Amplitude by 13.2% in the second 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. Susquehanna Fundamental Investments LLC bought a new position in Amplitude in the second quarter worth $389,000. Finally, SG Americas Securities LLC purchased a new position in Amplitude during the third quarter valued at $326,000. 73.20% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Eric Vishria sold 25,000 shares of Amplitude stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $10.18, for a total value of $254,500.00. Following the completion of the sale, the director now directly owns 286,208 shares in the company, valued at $2,913,597.44. The trade was a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 4.80% of the company’s stock.

Amplitude Trading Up 1.1 %

AMPL stock opened at $11.38 on Friday. The stock has a market capitalization of $1.08 billion, a PE ratio of -16.99 and a beta of 1.34. The stock’s 50 day simple moving average is $10.88 and its 200 day simple moving average is $9.51. Amplitude, Inc. has a 12-month low of $7.37 and a 12-month high of $14.42.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AMPL shares. Morgan Stanley upgraded shares of Amplitude from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $10.00 to $11.00 in a research note on Monday, January 13th. Piper Sandler upgraded shares of Amplitude from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $11.00 to $15.00 in a report on Monday, January 6th. Robert W. Baird upped their price target on Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Scotiabank lifted their price objective on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Finally, KeyCorp raised Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 target price on the stock in a research note on Friday, December 13th. Five equities 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, the stock has a consensus rating of “Hold” and an average price target of $12.43.

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.