Jacobs Levy Equity Management Inc. Sells 23,571 Shares of Amplitude, Inc. (NASDAQ:AMPL)

Jacobs Levy Equity Management Inc. trimmed its stake in Amplitude, Inc. (NASDAQ:AMPL) by 12.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 169,839 shares of the company’s stock after selling 23,571 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.18% of Amplitude worth $1,523,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Quest Partners LLC acquired a new position in Amplitude during the second quarter worth $41,000. Principal Financial Group Inc. bought a new stake in shares of Amplitude in the 2nd quarter valued at about $92,000. Intech Investment Management LLC acquired a new stake in Amplitude in the 3rd quarter valued at about $128,000. XTX Topco Ltd bought a new position in Amplitude during the second quarter worth about $133,000. Finally, MQS Management LLC increased its position in Amplitude by 69.4% during the second quarter. MQS Management LLC now owns 18,617 shares of the company’s stock worth $166,000 after buying an additional 7,625 shares during the last quarter. Institutional investors and hedge funds own 73.20% of the company’s stock.

Amplitude Price Performance

Amplitude stock opened at $11.46 on Monday. The firm has a market cap of $1.08 billion, a PE ratio of -17.10 and a beta of 1.38. The stock’s fifty day moving average price is $9.63 and its two-hundred day moving average price is $8.95. Amplitude, Inc. has a one year low of $7.37 and a one year high of $14.42.

Insider Activity at Amplitude

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

Analyst Upgrades and Downgrades

A number of research firms have commented on AMPL. Scotiabank lifted their price objective on shares of Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. Robert W. Baird upped their price target on shares of Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Piper Sandler raised their price objective on shares of Amplitude from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.00.

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.