Dimensional Fund Advisors LP Lowers Stock Holdings in Amplitude, Inc. (NASDAQ:AMPL)

Dimensional Fund Advisors LP trimmed its holdings in shares of Amplitude, Inc. (NASDAQ:AMPL) by 19.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 199,963 shares of the company’s stock after selling 48,223 shares during the period. Dimensional Fund Advisors LP owned approximately 0.16% of Amplitude worth $1,779,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its position in shares of Amplitude by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,984 shares of the company’s stock valued at $141,000 after acquiring an additional 1,099 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Amplitude by 10.2% during the first quarter. ProShare Advisors LLC now owns 12,356 shares of the company’s stock valued at $134,000 after acquiring an additional 1,145 shares in the last quarter. Arizona State Retirement System increased its position in shares of Amplitude by 14.4% during the second quarter. Arizona State Retirement System now owns 21,037 shares of the company’s stock valued at $187,000 after acquiring an additional 2,642 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Amplitude during the first quarter valued at approximately $32,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Amplitude during the first quarter valued at approximately $45,000. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMPL has been the subject of several analyst reports. Piper Sandler reduced their price target on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. UBS Group cut their target price on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, Robert W. Baird cut their target price on shares of Amplitude from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.33.

Amplitude Trading Down 0.1 %

NASDAQ:AMPL opened at $8.53 on Friday. Amplitude, Inc. has a 12 month low of $7.37 and a 12 month high of $14.42. The company has a market cap of $1.05 billion, a PE ratio of -12.54 and a beta of 1.33. The company has a 50 day simple moving average of $8.62 and a two-hundred day simple moving average of $8.98.

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