Amplitude, Inc. $AMPL Position Boosted 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. raised its stake in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 1.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 9,091,044 shares of the company's stock after buying an additional 94,815 shares during the period. T. Rowe Price Investment Management Inc. owned about 9.20% of Amplitude worth $92,638,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AMPL. Wells Fargo & Company MN grew its position in shares of Amplitude by 48.1% in the fourth quarter. Wells Fargo & Company MN now owns 39,988 shares of the company's stock valued at $422,000 after purchasing an additional 12,983 shares in the last quarter. Legal & General Group Plc grew its position in Amplitude by 2.6% in the fourth quarter. Legal & General Group Plc now owns 82,998 shares of the company's stock worth $876,000 after acquiring an additional 2,111 shares during the period. Renaissance Technologies LLC grew its position in Amplitude by 3.9% in the fourth quarter. Renaissance Technologies LLC now owns 219,500 shares of the company's stock worth $2,316,000 after acquiring an additional 8,200 shares during the period. Summit Investment Advisors Inc. grew its position in Amplitude by 22.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company's stock worth $86,000 after acquiring an additional 1,492 shares during the period. Finally, Barclays PLC grew its position in Amplitude by 9.7% in the fourth quarter. Barclays PLC now owns 141,020 shares of the company's stock worth $1,487,000 after acquiring an additional 12,483 shares during the period. Institutional investors and hedge funds own 73.20% of the company's stock.

Amplitude Trading Up 3.0%

Shares of NASDAQ:AMPL traded up $0.33 during trading on Wednesday, hitting $11.37. 682,542 shares of the stock were exchanged, compared to its average volume of 1,227,504. Amplitude, Inc. has a 12-month low of $7.55 and a 12-month high of $14.88. The company has a fifty day moving average price of $12.14 and a two-hundred day moving average price of $11.50. The company has a market cap of $1.16 billion, a PE ratio of -14.96 and a beta of 1.54.

Amplitude (NASDAQ:AMPL - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting 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 firm had revenue of $83.27 million for the quarter, compared to analyst estimates of $81.29 million. The business's revenue was up 13.6% on a year-over-year basis. Equities research analysts anticipate that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Amplitude

In other Amplitude news, Director Catherine Wong sold 8,502 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 value of $106,189.98. Following the completion of the transaction, 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 legal filing with the SEC, which is accessible through this link. Also, Director Erica Schultz sold 26,394 shares of the company's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $12.49, for a total value of $329,661.06. Following the sale, the director owned 92,500 shares of the company's stock, valued at approximately $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 valued at $616,001 over the last quarter. 4.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AMPL has been the topic of a number of research reports. Robert W. Baird decreased their price target on 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 upped their price target on Amplitude from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. UBS Group decreased their price target on Amplitude from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Bank of America upped their price target on Amplitude from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Finally, Wall Street Zen cut Amplitude from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Amplitude 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.