Amplitude, Inc. (NASDAQ:AMPL) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 265.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 307,225 shares of the company's stock after acquiring an additional 223,175 shares during the period. JPMorgan Chase & Co. owned approximately 0.32% of Amplitude worth $3,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Amplitude by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 9,189,698 shares of the company's stock worth $96,951,000 after purchasing an additional 447,277 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Amplitude by 7.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,903,531 shares of the company's stock valued at $17,078,000 after acquiring an additional 126,056 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Amplitude by 1.6% in the fourth quarter. Bank of New York Mellon Corp now owns 955,293 shares of the company's stock worth $10,078,000 after acquiring an additional 15,239 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Amplitude by 4.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 683,405 shares of the company's stock valued at $7,210,000 after purchasing an additional 31,800 shares during the period. Finally, Monimus Capital Management LP acquired a new stake in Amplitude during the 4th quarter worth about $3,630,000. Institutional investors and hedge funds own 73.20% of the company's stock.

Insider Transactions at Amplitude

In other news, Director Eric Vishria sold 35,000 shares of Amplitude stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $12.80, for a total transaction of $448,000.00. Following the sale, the director now owns 286,859 shares in the company, valued at approximately $3,671,795.20. The trade was a 10.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.80% of the company's stock.

Amplitude Trading Up 2.9 %

AMPL traded up $0.26 on Friday, hitting $9.13. The company had a trading volume of 796,805 shares, compared to its average volume of 656,587. The firm has a market cap of $1.18 billion, a P/E ratio of -11.86 and a beta of 1.40. The company's fifty day moving average price is $10.71 and its 200 day moving average price is $10.68. Amplitude, Inc. has a 1 year low of $7.37 and a 1 year high of $14.88.

Amplitude (NASDAQ:AMPL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.27). The company had revenue of $78.13 million during the quarter, compared to analyst estimates of $76.68 million. Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. On average, analysts predict that Amplitude, Inc. will post -0.62 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AMPL. Citigroup upped their target price on Amplitude from $11.00 to $15.00 and gave the stock a "neutral" rating in a research note on Monday, February 24th. DA Davidson decreased their price objective on shares of Amplitude from $16.00 to $12.00 and set a "buy" rating for the company in a research report on Monday, April 14th. UBS Group upped their price target on Amplitude from $10.00 to $13.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Baird R W upgraded Amplitude from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 20th. Finally, Robert W. Baird upgraded Amplitude from a "neutral" rating to an "outperform" rating and increased their target price for the company from $12.00 to $17.00 in a research report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $13.90.

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.