Amplitude, Inc. $AMPL Shares Bought by Sunriver Management LLC

Key Points

• Sunriver Management LLC increased its stake in Amplitude, Inc. by 2.1% during the 1st quarter, now holding approximately 3.90% of the company's shares worth $39.2 million.
• Analysts have mixed views on Amplitude, with price targets ranging from $11.00 to $18.00, indicating a generally positive outlook despite some downgrades.
• Amplitude reported earnings of $0.01 per share for the last quarter, matching predictions, and saw a revenue increase of 13.6% year-over-year.

Sunriver Management LLC grew its position in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 2.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,850,928 shares of the company's stock after buying an additional 78,120 shares during the period. Amplitude makes up 4.8% of Sunriver Management LLC's holdings, making the stock its 10th biggest position. Sunriver Management LLC owned 3.90% of Amplitude worth $39,241,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMPL. Occudo Quantitative Strategies LP lifted its stake in shares of Amplitude by 2.1% in the fourth quarter. Occudo Quantitative Strategies LP now owns 41,365 shares of the company's stock worth $436,000 after acquiring an additional 832 shares during the period. Russell Investments Group Ltd. grew its holdings in Amplitude by 33.3% during the first quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company's stock worth $59,000 after buying an additional 1,455 shares in the last quarter. Legal & General Group Plc grew its holdings in Amplitude by 2.6% during the fourth quarter. Legal & General Group Plc now owns 82,998 shares of the company's stock worth $876,000 after buying an additional 2,111 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Amplitude by 6.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,361 shares of the company's stock worth $468,000 after buying an additional 2,512 shares in the last quarter. Finally, Aquatic Capital Management LLC grew its holdings in 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 in the last quarter. Institutional investors own 73.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Needham & Company LLC boosted their price objective on Amplitude from $16.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Wall Street Zen lowered Amplitude from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. UBS Group dropped their target price on Amplitude from $13.00 to $11.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Morgan Stanley raised their target price on Amplitude from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Finally, Piper Sandler lifted their target price on Amplitude from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $13.80.

Insider Activity at Amplitude

In other Amplitude news, Director Erica Schultz sold 7,500 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $11.46, for a total transaction of $85,950.00. Following the completion of the transaction, the director owned 107,406 shares of the company's stock, valued at $1,230,872.76. This represents a 6.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Catherine Wong sold 8,502 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $12.49, for a total value of $106,189.98. Following the completion of the transaction, the director owned 79,152 shares of the company's stock, valued at $988,608.48. The trade was a 9.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,896 shares of company stock valued at $616,001. 23.83% of the stock is owned by company insiders.

Amplitude Price Performance

AMPL traded down $0.25 on Friday, reaching $11.47. 463,181 shares of the stock were exchanged, compared to its average volume of 1,230,148. The company's 50-day moving average price is $12.13 and its 200 day moving average price is $11.49. The firm has a market capitalization of $1.17 billion, a PE ratio of -15.11 and a beta of 1.54. Amplitude, Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $14.88.

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