Amplitude, Inc. $AMPL is Sunriver Management LLC's 10th Largest Position

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 lifted its holdings in Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 2.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,850,928 shares of the company's stock after purchasing an additional 78,120 shares during the quarter. Amplitude accounts for approximately 4.8% of Sunriver Management LLC's investment portfolio, making the stock its 10th biggest holding. Sunriver Management LLC owned 3.90% of Amplitude worth $39,241,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Liberty Mutual Group Asset Management Inc. bought a new stake in shares of Amplitude in the first quarter worth $947,000. Principal Financial Group Inc. bought a new stake in shares of Amplitude in the first quarter worth $1,586,000. Thrive Capital Management LLC bought a new stake in shares of Amplitude in the fourth quarter worth $904,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Amplitude in the first quarter worth $107,000. Finally, Informed Momentum Co LLC bought a new stake in shares of Amplitude in the first quarter worth $1,920,000. Institutional investors own 73.20% of the company's stock.

Amplitude Price Performance

Shares of NASDAQ AMPL traded up $0.41 during mid-day trading on Wednesday, reaching $11.45. 1,648,292 shares of the company's stock were exchanged, compared to its average volume of 1,931,016. The firm has a 50-day moving average price of $12.13 and a two-hundred day moving average price of $11.50. Amplitude, Inc. has a 52 week low of $7.55 and a 52 week high of $14.88. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -15.07 and a beta of 1.54.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Morgan Stanley boosted their target price on shares of Amplitude from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Piper Sandler boosted their target price on shares of Amplitude from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Wall Street Zen cut shares of Amplitude from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Benchmark reaffirmed a "buy" rating on shares of Amplitude in a research report on Friday, July 11th. Finally, Bank of America increased their target price on shares of Amplitude from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Monday, June 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.80.

Insider Transactions at Amplitude

In other Amplitude news, Director Erica Schultz sold 26,394 shares of Amplitude stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $12.49, for a total transaction of $329,661.06. Following the completion of the transaction, the director owned 92,500 shares of the company's stock, valued at $1,155,325. The trade was a 22.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Catherine Wong sold 8,502 shares of Amplitude stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $12.49, for a total value of $106,189.98. Following the transaction, the director directly owned 79,152 shares of the company's stock, valued at $988,608.48. The trade was a 9.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,896 shares of company stock valued at $616,001 in the last ninety days. Insiders own 23.83% of the company's stock.

About Amplitude

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.