Bank of America Corp DE Has $3.76 Million Position in Amplitude, Inc. (NASDAQ:AMPL)

Bank of America Corp DE lifted its position in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 13.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 356,001 shares of the company's stock after purchasing an additional 41,229 shares during the quarter. Bank of America Corp DE owned about 0.38% of Amplitude worth $3,756,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC boosted its holdings in Amplitude by 15.7% in the 4th quarter. SG Americas Securities LLC now owns 42,107 shares of the company's stock worth $444,000 after acquiring an additional 5,726 shares during the period. Blue Trust Inc. grew its stake in Amplitude by 58.3% during the 4th quarter. Blue Trust Inc. now owns 30,902 shares of the company's stock valued at $326,000 after purchasing an additional 11,384 shares in the last quarter. Savant Capital LLC purchased a new stake in Amplitude during the 4th quarter worth approximately $1,455,000. Rhumbline Advisers raised its position in shares of Amplitude by 1.0% in the 4th quarter. Rhumbline Advisers now owns 101,954 shares of the company's stock valued at $1,076,000 after purchasing an additional 1,040 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of Amplitude by 79.7% during the 4th quarter. New York State Common Retirement Fund now owns 23,680 shares of the company's stock valued at $250,000 after buying an additional 10,500 shares during the last quarter. Hedge funds and other institutional investors own 73.20% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on AMPL. Baird R W raised shares of Amplitude from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 20th. UBS Group reduced their price objective on shares of Amplitude from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and set a $16.00 price objective on shares of Amplitude in a research note on Tuesday, May 20th. Citigroup increased their price objective on shares of Amplitude from $11.00 to $15.00 and gave the company a "neutral" rating in a research note on Monday, February 24th. Finally, Robert W. Baird reduced their price objective on shares of Amplitude from $17.00 to $14.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $13.60.

Amplitude Stock Performance

Shares of NASDAQ:AMPL traded up $0.05 on Friday, hitting $12.44. The company's stock had a trading volume of 1,203,126 shares, compared to its average volume of 748,040. Amplitude, Inc. has a 12 month low of $7.37 and a 12 month high of $14.88. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -16.16 and a beta of 1.40. The stock's 50-day moving average is $10.14 and its two-hundred day moving average is $11.01.

Amplitude (NASDAQ:AMPL - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.16). The firm had revenue of $79.95 million for the quarter, compared to the consensus estimate of $79.81 million. Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. The company's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.01 EPS. Equities analysts expect that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Catherine Wong sold 3,515 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $11.75, for a total value of $41,301.25. Following the completion of the transaction, the director now owns 87,654 shares in the company, valued at $1,029,934.50. This trade represents a 3.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Eric Vishria sold 25,000 shares of Amplitude stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $10.15, for a total value of $253,750.00. Following the sale, the director now owns 261,859 shares of the company's stock, valued at approximately $2,657,868.85. This represents a 8.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.83% of the stock is owned by corporate insiders.

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.