Catalyst Private Wealth LLC Sells 2,000 Shares of Amplitude, Inc. (NASDAQ:AMPL)

Catalyst Private Wealth LLC cut its stake in Amplitude, Inc. (NASDAQ:AMPL) by 15.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,921 shares of the company’s stock after selling 2,000 shares during the quarter. Catalyst Private Wealth LLC’s holdings in Amplitude were worth $98,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Headlands Technologies LLC bought a new stake in Amplitude in the 1st quarter valued at $32,000. Quest Partners LLC acquired a new stake in shares of Amplitude during the second quarter worth $41,000. Russell Investments Group Ltd. bought a new stake in shares of Amplitude in the first quarter valued at about $45,000. Principal Financial Group Inc. acquired a new position in shares of Amplitude in the second quarter valued at about $92,000. Finally, ANTIPODES PARTNERS Ltd bought a new position in Amplitude during the first quarter worth about $95,000. Institutional investors and hedge funds own 73.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Robert W. Baird decreased their target price on shares of Amplitude from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. UBS Group reduced their price target on Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Finally, Piper Sandler reduced their target price on Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $10.33.

Amplitude Trading Up 0.3 %

Shares of AMPL stock traded up $0.03 during trading hours on Tuesday, reaching $9.31. The company’s stock had a trading volume of 7,998 shares, compared to its average volume of 513,802. Amplitude, Inc. has a fifty-two week low of $7.37 and a fifty-two week high of $14.42. The firm’s 50 day simple moving average is $8.84 and its 200-day simple moving average is $8.82.

Amplitude (NASDAQ:AMPL) last issued its earnings results on Thursday, August 8th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.18). Amplitude had a negative return on equity of 27.58% and a negative net margin of 28.19%. The business had revenue of $73.30 million for the quarter, compared to analyst estimates of $71.98 million. During the same period in the previous year, the firm posted ($0.17) EPS. The firm’s revenue was up 8.2% compared to the same quarter last year. Equities analysts predict that Amplitude, Inc. will post -0.65 EPS for the current fiscal year.

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.