BNP Paribas Financial Markets Buys Shares of 28,146 Amplitude, Inc. (NASDAQ:AMPL)

BNP Paribas Financial Markets bought a new stake in Amplitude, Inc. (NASDAQ:AMPL - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 28,146 shares of the company's stock, valued at approximately $297,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMPL. Ameriprise Financial Inc. acquired a new position in shares of Amplitude during the 4th quarter valued at about $129,000. ArrowMark Colorado Holdings LLC increased its stake in shares of Amplitude by 6.5% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,579,529 shares of the company's stock valued at $16,664,000 after acquiring an additional 96,791 shares during the last quarter. Northern Trust Corp increased its stake in shares of Amplitude by 13.0% during the 4th quarter. Northern Trust Corp now owns 769,189 shares of the company's stock valued at $8,115,000 after acquiring an additional 88,227 shares during the last quarter. Aquatic Capital Management LLC increased its stake in shares of Amplitude by 176.5% during the 4th quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company's stock valued at $44,000 after acquiring an additional 2,647 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Amplitude during the 4th quarter worth approximately $990,000. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

Amplitude Stock Performance

Shares of AMPL stock traded up $0.05 during mid-day trading on Friday, reaching $12.44. 1,203,126 shares of the company were exchanged, compared to its average volume of 748,040. Amplitude, Inc. has a fifty-two week low of $7.37 and a fifty-two week high of $14.88. The company has a market capitalization of $1.23 billion, a P/E ratio of -16.16 and a beta of 1.40. The business's 50 day simple moving average is $10.14 and its 200 day simple moving average is $11.02.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AMPL shares. Citigroup increased their target price on shares of Amplitude from $11.00 to $15.00 and gave the stock a "neutral" rating in a research report on Monday, February 24th. Piper Sandler increased their target price on shares of Amplitude from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Needham & Company LLC reissued a "buy" rating and set a $16.00 target price on shares of Amplitude in a research report on Tuesday, May 20th. Morgan Stanley increased their target price on shares of Amplitude from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Finally, UBS Group dropped their target price on shares of Amplitude from $13.00 to $11.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.60.

Insider Buying and Selling

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

About Amplitude

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.