Amplitude, Inc. $AMPL Shares Sold by Bank of America Corp DE

Key Points

• Bank of America reduced its Amplitude stake by 15.7% in the first quarter, selling 103,561 shares and retaining 556,052 shares worth approximately $3.8 million. Other institutions, including AllianceBernstein, Wellington Management, and Dimensional Fund Advisors, increased their positions; institutional investors own 73.2% of the stock.
• Amplitude shares opened at $14.30, near their 52-week high of $14.76, with a market capitalization of approximately $1.45 billion. The company reported quarterly revenue of $100.89 million, ahead of estimates, but remained unprofitable with a negative net margin of 26.59%.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $12.55. Recent targets range from $10.00 to $13.00, while insiders own 21.59% of the company and have recently sold shares.

Bank of America Corp DE lessened its stake in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 15.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 556,052 shares of the company's stock after selling 103,561 shares during the quarter. Bank of America Corp DE owned about 0.54% of Amplitude worth $3,792,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Alliancebernstein L.P. boosted its stake in Amplitude by 2,126.0% in the second quarter. Alliancebernstein L.P. now owns 4,160,481 shares of the company's stock valued at $51,590,000 after acquiring an additional 3,973,575 shares in the last quarter. Wellington Management Group LLP lifted its stake in Amplitude by 783.5% in the third quarter. Wellington Management Group LLP now owns 2,026,598 shares of the company's stock valued at $21,725,000 after buying an additional 1,797,228 shares during the last quarter. Vanguard Group Inc. lifted its stake in Amplitude by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 10,825,568 shares of the company's stock valued at $125,360,000 after buying an additional 934,350 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Amplitude during the 1st quarter worth $3,930,000. Finally, Dimensional Fund Advisors LP grew its position in Amplitude by 368.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 617,713 shares of the company's stock worth $4,213,000 after purchasing an additional 485,752 shares during the last quarter. Institutional investors and hedge funds own 73.20% of the company's stock.

Amplitude Stock Performance

Shares of NASDAQ AMPL opened at $14.30 on Friday. Amplitude, Inc. has a one year low of $5.51 and a one year high of $14.76. The firm has a market capitalization of $1.45 billion, a P/E ratio of -19.07 and a beta of 1.42. The company's fifty day moving average is $10.08 and its two-hundred day moving average is $8.03.

Amplitude (NASDAQ:AMPL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.01). Amplitude had a negative net margin of 26.59% and a negative return on equity of 42.62%. The business had revenue of $100.89 million during the quarter, compared to the consensus estimate of $98.16 million. Amplitude has set its Q3 2026 guidance at 0.020-0.030 EPS and its FY 2026 guidance at 0.060-0.080 EPS. On average, sell-side analysts forecast that Amplitude, Inc. will post -0.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Raymond James Financial assumed coverage on Amplitude in a report on Tuesday, June 30th. They set a "strong-buy" rating and a $10.00 price target on the stock. UBS Group upped their price objective on Amplitude from $8.50 to $13.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. DA Davidson lifted their target price on Amplitude from $10.00 to $12.50 and gave the company a "buy" rating in a research note on Thursday, August 6th. Bank of America reissued a "neutral" rating and issued a $8.00 target price (down from $10.00) on shares of Amplitude in a report on Thursday, May 7th. Finally, Weiss Ratings upgraded Amplitude from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Amplitude has a consensus rating of "Moderate Buy" and a consensus target price of $12.55.

Insider Activity at Amplitude

In related news, Director Catherine Wong sold 7,453 shares of the firm's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $6.79, for a total value of $50,605.87. Following the completion of the transaction, the director directly owned 111,462 shares of the company's stock, valued at $756,826.98. This trade represents a 6.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Curtis Liu sold 22,201 shares of Amplitude stock in a transaction on Monday, June 1st. The stock was sold at an average price of $8.03, for a total value of $178,274.03. Following the transaction, the chief technology officer directly owned 1,004,779 shares of the company's stock, valued at approximately $8,068,375.37. This represents a 2.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 21.59% of the stock is owned by insiders.

About Amplitude

Amplitude, Inc is a software company specializing in digital analytics and product intelligence solutions for businesses seeking to optimize user engagement and drive growth. Its core offering, the Amplitude Analytics platform, enables customers to collect and analyze behavioral data from web and mobile applications in real time. The platform provides advanced segmentation, funnel analysis, retention tracking and pathfinding tools that help product, marketing and data teams understand user journeys, identify friction points and measure the impact of new features.

Founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang, Amplitude is headquartered in Redwood City, California, with additional offices spanning North America, Europe and Asia.

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