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

Inspire Investing LLC decreased its position in Amplitude, Inc. (NASDAQ:AMPL) by 17.0% during the fourth quarter, Holdings Channel reports. The fund 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 filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of AMPL. Intech Investment Management LLC bought a new position in shares of Amplitude in the 3rd quarter worth approximately $128,000. XTX Topco Ltd purchased a new stake in Amplitude during the second quarter valued at approximately $133,000. Blue Trust Inc. raised its position in Amplitude by 13.5% in the third quarter. Blue Trust Inc. now owns 19,518 shares of the company’s stock worth $174,000 after acquiring an additional 2,324 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Amplitude by 19.1% during the 3rd 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. Finally, Quantbot Technologies LP grew its position in shares of Amplitude by 21.5% during the 3rd quarter. Quantbot Technologies LP now owns 24,390 shares of the company’s stock valued at $219,000 after acquiring an additional 4,309 shares during the period. 73.20% of the stock is owned by hedge funds and other institutional investors.

Amplitude Price Performance

Amplitude stock opened at $11.38 on Friday. Amplitude, Inc. has a 1 year low of $7.37 and a 1 year high of $14.42. The firm’s 50 day moving average price is $10.88 and its 200-day moving average price is $9.51. The stock has a market cap of $1.08 billion, a P/E ratio of -16.99 and a beta of 1.34.

Analysts Set New Price Targets

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

Insider Activity at Amplitude

In other Amplitude news, Director Eric Vishria sold 6,437 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $12.02, for a total value of $77,372.74. Following the sale, the director now owns 279,771 shares in the company, valued at $3,362,847.42. The trade was a 2.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.80% of the stock is currently owned by corporate insiders.

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.