Amplitude, Inc. $AMPL Shares Purchased by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. increased its holdings in Amplitude, Inc. by 1.1% in the first quarter, owning approximately 9.20% of the company, valued at about $92.6 million.
• Amplitude reported a revenue of $83.27 million for the last quarter, which was a 13.6% increase year-over-year, while meeting earnings per share estimates.
• Insider trading activity included sales by directors Catherine Wong and Erica Schultz, with notable decreases in their ownership percentages after these transactions.

T. Rowe Price Investment Management Inc. grew its stake in Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,091,044 shares of the company's stock after buying an additional 94,815 shares during the quarter. T. Rowe Price Investment Management Inc. owned 9.20% of Amplitude worth $92,638,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aquatic Capital Management LLC increased its stake in shares of Amplitude by 176.5% in the 4th quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company's stock valued at $44,000 after purchasing an additional 2,647 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Amplitude by 33.3% in the 1st quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company's stock valued at $59,000 after purchasing an additional 1,455 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Amplitude by 255.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company's stock valued at $75,000 after purchasing an additional 5,100 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in shares of Amplitude by 22.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company's stock valued at $86,000 after purchasing an additional 1,492 shares in the last quarter. Finally, Meros Investment Management LP purchased a new position in shares of Amplitude in the 4th quarter valued at about $102,000. Hedge funds and other institutional investors own 73.20% of the company's stock.

Amplitude Stock Down 3.5%

NASDAQ:AMPL traded down $0.41 during trading hours on Monday, reaching $11.14. 1,142,435 shares of the stock were exchanged, compared to its average volume of 1,225,065. The business has a 50-day moving average of $12.17 and a two-hundred day moving average of $11.51. Amplitude, Inc. has a twelve month low of $7.55 and a twelve month high of $14.88. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -14.66 and a beta of 1.54.

Amplitude (NASDAQ:AMPL - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $81.29 million. The firm's revenue for the quarter was up 13.6% compared to the same quarter last year. On average, research analysts forecast that Amplitude, Inc. will post -0.62 EPS for the current fiscal year.

Insider Buying and Selling at Amplitude

In other Amplitude news, Director Catherine Wong sold 8,502 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $12.49, for a total transaction of $106,189.98. Following the transaction, the director owned 79,152 shares of the company's stock, valued at approximately $988,608.48. This trade represents a 9.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Erica Schultz sold 26,394 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $12.49, for a total value of $329,661.06. Following the transaction, the director directly owned 92,500 shares in the company, valued at approximately $1,155,325. This represents a 22.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,896 shares of company stock worth $616,001 in the last three months. 4.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AMPL has been the subject of several recent analyst reports. Wall Street Zen lowered Amplitude from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. 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 note on Thursday, August 7th. UBS Group cut their price objective on Amplitude from $13.00 to $11.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Bank of America boosted their price objective on Amplitude from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Finally, Benchmark reiterated a "buy" rating on shares of Amplitude in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued 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 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.