Bank of New York Mellon Corp Invests $2.20 Million in Amplitude, Inc. $AMPL

Key Points

• Bank of New York Mellon acquired 288,118 Amplitude shares worth approximately $2.2 million, while institutional investors collectively own 73.2% of the company.
• Amplitude reported quarterly revenue of $100.89 million, exceeding analyst expectations of $98.16 million, but posted a loss of $0.01 per share and continues to have negative profitability metrics.
• Analyst sentiment is largely positive, with a consensus “Moderate Buy” rating and a $12.55 price target; several firms recently raised their targets, including Morgan Stanley to $16.

Bank of New York Mellon Corp bought a new position in Amplitude, Inc. (NASDAQ:AMPL - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 288,118 shares of the company's stock, valued at approximately $2,204,000. Bank of New York Mellon Corp owned approximately 0.28% of Amplitude as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Amplitude by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 10,825,568 shares of the company's stock valued at $125,360,000 after purchasing an additional 934,350 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Amplitude by 44.8% during the 3rd quarter. Alliancebernstein L.P. now owns 6,025,390 shares of the company's stock worth $64,592,000 after acquiring an additional 1,864,909 shares in the last quarter. Nuveen LLC increased its holdings in shares of Amplitude by 18.8% during the 4th quarter. Nuveen LLC now owns 2,645,618 shares of the company's stock valued at $30,636,000 after acquiring an additional 418,376 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in shares of Amplitude by 22.9% in the 4th quarter. TimesSquare Capital Management LLC now owns 2,513,383 shares of the company's stock valued at $29,105,000 after acquiring an additional 468,418 shares in the last quarter. Finally, State Street Corp lifted its holdings in Amplitude by 2.9% in the 4th quarter. State Street Corp now owns 2,305,400 shares of the company's stock worth $26,697,000 after purchasing an additional 64,189 shares during the last quarter. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

Amplitude Stock Performance

Amplitude stock opened at $13.02 on Tuesday. The company has a market cap of $1.32 billion, a PE ratio of -17.36 and a beta of 1.50. Amplitude, Inc. has a 1 year low of $5.51 and a 1 year high of $14.76. The company's 50-day moving average is $10.86 and its two-hundred day moving average is $8.33.

Amplitude (NASDAQ:AMPL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). Amplitude had a negative net margin of 26.59% and a negative return on equity of 42.62%. The company had revenue of $100.89 million during the quarter, compared to analysts' expectations 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. Research analysts forecast that Amplitude, Inc. will post -0.63 EPS for the current year.

Insider Activity at Amplitude

In other Amplitude news, Director Catherine Wong sold 7,453 shares of the company's stock in a transaction on Friday, June 12th. The shares were sold at an average price of $6.79, for a total transaction of $50,605.87. Following the completion of the sale, the director owned 111,462 shares in the company, valued at approximately $756,826.98. The trade was a 6.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 21.59% of the company's stock.

Analyst Ratings Changes

AMPL has been the topic of a number of research analyst reports. Raymond James Financial began coverage on shares of Amplitude in a research note on Tuesday, June 30th. They issued a "strong-buy" rating and a $10.00 target price on the stock. BTIG Research boosted their price objective on Amplitude from $10.00 to $13.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Morgan Stanley increased their price target on shares of Amplitude from $12.00 to $16.00 and gave the stock an "overweight" rating in a research report on Thursday, August 13th. UBS Group increased their price objective on Amplitude from $8.50 to $13.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Finally, Piper Sandler lifted their target price on shares of Amplitude from $11.00 to $13.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Amplitude presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.55.

Amplitude Profile

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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