ArrowMark Colorado Holdings LLC Boosts Stake in Amplitude, Inc. (NASDAQ:AMPL)

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

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

Amplitude Trading Down 0.2 %

Shares of NASDAQ:AMPL traded down $0.02 during midday trading on Monday, reaching $9.42. 855,022 shares of the company were exchanged, compared to its average volume of 668,020. The stock has a market cap of $930.39 million, a PE ratio of -12.23 and a beta of 1.40. The business's fifty day moving average is $10.27 and its two-hundred day moving average is $10.73. Amplitude, Inc. has a one year low of $7.37 and a one year high of $14.88.

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

Insider Activity

In other Amplitude news, Director Eric Vishria sold 35,000 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $12.80, for a total transaction of $448,000.00. Following the completion of the transaction, the director now owns 286,859 shares in the company, valued at $3,671,795.20. This trade represents 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 available through this link. Corporate insiders own 4.80% of the company's stock.

Analyst Ratings Changes

AMPL has been the topic of several recent research reports. UBS Group increased their price objective on shares of Amplitude from $10.00 to $13.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Citigroup lifted their price target on shares of Amplitude from $11.00 to $15.00 and gave the stock a "neutral" rating in a research note on Monday, February 24th. Needham & Company LLC restated a "buy" rating and issued a $16.00 price objective on shares of Amplitude in a research note on Wednesday, April 23rd. Morgan Stanley lowered their target price on Amplitude from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Scotiabank cut their price target on Amplitude from $12.00 to $10.00 and set a "sector perform" rating for the company in a report on Thursday, April 24th. Four equities 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 stock. According to data from MarketBeat, the company presently has an average 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.