Fuller & Thaler Asset Management Inc. Takes $414,000 Position in Amplitude, Inc. $AMPL

Key Points

• Fuller & Thaler Asset Management Inc. acquired 40,615 shares of Amplitude, Inc. valued at approximately $414,000 in the first quarter, highlighting growing institutional interest in the company.
• Research analysts have mixed outlooks on Amplitude, with Bank of America raising its target price to $15.00 while UBS Group lowered theirs to $11.00.
• Amplitude's stock currently shows a market capitalization of $1.12 billion and has experienced a 13.6% year-over-year revenue increase, although it reported a negative net margin of 30.43% for the last quarter.

Fuller & Thaler Asset Management Inc. purchased a new position in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 40,615 shares of the company's stock, valued at approximately $414,000.

Several other institutional investors have also recently made changes to their positions in the company. Aquatic Capital Management LLC increased its holdings in Amplitude by 176.5% in the 4th quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company's stock worth $44,000 after acquiring an additional 2,647 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Amplitude by 33.3% during the 1st quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company's stock worth $59,000 after purchasing an additional 1,455 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Amplitude by 255.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company's stock worth $75,000 after purchasing an additional 5,100 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in Amplitude by 22.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company's stock worth $86,000 after purchasing an additional 1,492 shares during the last quarter. Finally, Meros Investment Management LP acquired a new stake in Amplitude during the 4th quarter worth $102,000. 73.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Amplitude news, Director Catherine Wong sold 8,502 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $12.49, for a total transaction of $106,189.98. Following the sale, the director directly owned 79,152 shares in the company, valued at approximately $988,608.48. The trade was a 9.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Erica Schultz sold 26,394 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $12.49, for a total transaction of $329,661.06. Following the sale, the director owned 92,500 shares in the company, valued at $1,155,325. The trade was a 22.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,896 shares of company stock worth $616,001 over the last ninety days. Corporate insiders own 4.80% of the company's stock.

Amplitude Price Performance

Shares of AMPL stock traded up $0.36 during trading hours on Wednesday, reaching $11.40. 602,815 shares of the stock were exchanged, compared to its average volume of 1,226,815. The business's fifty day moving average is $12.14 and its two-hundred day moving average is $11.50. Amplitude, Inc. has a 12-month low of $7.55 and a 12-month high of $14.88. The firm has a market capitalization of $1.16 billion, a P/E ratio of -14.95 and a beta of 1.54.

Amplitude (NASDAQ:AMPL - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.01 earnings per share for the quarter, hitting analysts' consensus estimates of $0.01. The firm had revenue of $83.27 million for the quarter, compared to analyst estimates of $81.29 million. Amplitude had a negative net margin of 30.43% and a negative return on equity of 33.08%. The firm's revenue was up 13.6% compared to the same quarter last year. As a group, equities research analysts predict that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AMPL shares. Robert W. Baird lowered their target price on shares of Amplitude from $17.00 to $14.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Morgan Stanley boosted their price target on shares of Amplitude from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. UBS Group lowered their price target on shares of Amplitude from $13.00 to $11.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Benchmark reissued a "buy" rating on shares of Amplitude in a research report on Friday, July 11th. Finally, Bank of America boosted their price target on shares of Amplitude from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Monday, June 16th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $13.80.

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.