ArrowMark Colorado Holdings LLC Has $16.66 Million Stock Position in Amplitude, Inc. (NASDAQ:AMPL)

ArrowMark Colorado Holdings LLC raised its stake in Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,579,529 shares of the company's stock after acquiring an additional 96,791 shares during the period. ArrowMark Colorado Holdings LLC owned 1.67% of Amplitude worth $16,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northern Trust Corp boosted its holdings in shares of Amplitude by 13.0% in the fourth quarter. Northern Trust Corp now owns 769,189 shares of the company's stock valued at $8,115,000 after acquiring an additional 88,227 shares during the period. Aquatic Capital Management LLC grew its holdings in shares of Amplitude by 176.5% during the fourth quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company's stock worth $44,000 after buying an additional 2,647 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Amplitude in the 4th quarter valued at about $990,000. T. Rowe Price Investment Management Inc. lifted its position in Amplitude by 9.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,996,229 shares of the company's stock worth $94,911,000 after acquiring an additional 770,227 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in Amplitude by 24.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 31,045 shares of the company's stock valued at $328,000 after buying an additional 6,046 shares during the last quarter. Institutional investors and hedge funds own 73.20% of the company's stock.

Insider Activity

In other Amplitude 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 transaction, the director now owns 286,859 shares of the company's stock, valued at $3,671,795.20. The trade was a 10.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.80% of the stock is currently owned by corporate insiders.

Amplitude Price Performance

Shares of AMPL traded up $1.35 during trading hours on Thursday, reaching $10.77. 1,672,415 shares of the company's stock traded hands, compared to its average volume of 921,473. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -13.99 and a beta of 1.40. The business's fifty day simple moving average is $10.15 and its two-hundred day simple moving average is $10.71. Amplitude, Inc. has a twelve month low of $7.37 and a twelve month high of $14.88.

Amplitude (NASDAQ:AMPL - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.16). Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. The business had revenue of $79.95 million during the quarter, compared to analyst estimates of $79.81 million. During the same quarter last year, the firm posted $0.01 EPS. The company's quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities research analysts expect that Amplitude, Inc. will post -0.62 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Citigroup increased their price objective on Amplitude from $11.00 to $15.00 and gave the company a "neutral" rating in a research note on Monday, February 24th. UBS Group lifted their price objective on Amplitude from $10.00 to $13.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Scotiabank reduced their price target on shares of Amplitude from $12.00 to $10.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 24th. Morgan Stanley dropped their price objective on shares of Amplitude from $13.00 to $11.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, Needham & Company LLC restated a "buy" rating and set a $16.00 price objective on shares of Amplitude in a research note on Thursday. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $13.70.

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.