Deutsche Bank AG Trims Stock Holdings in Amplitude, Inc. (NASDAQ:AMPL)

Deutsche Bank AG lessened its holdings in Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 42.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 557,247 shares of the company's stock after selling 417,293 shares during the period. Deutsche Bank AG owned about 0.59% of Amplitude worth $5,879,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in Amplitude by 4.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 683,405 shares of the company's stock valued at $7,210,000 after acquiring an additional 31,800 shares during the last quarter. M&T Bank Corp grew its position in Amplitude by 16.6% in the fourth quarter. M&T Bank Corp now owns 182,712 shares of the company's stock valued at $1,927,000 after acquiring an additional 26,024 shares during the last quarter. JPMorgan Chase & Co. grew its position in Amplitude by 38.9% in the third quarter. JPMorgan Chase & Co. now owns 84,050 shares of the company's stock valued at $754,000 after acquiring an additional 23,526 shares during the last quarter. Geode Capital Management LLC grew its position in Amplitude by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 1,955,564 shares of the company's stock valued at $20,636,000 after acquiring an additional 52,033 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Amplitude in the fourth quarter valued at about $252,000. Institutional investors own 73.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMPL. Bank of America boosted their price target on Amplitude from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Scotiabank reduced their price target on Amplitude from $12.00 to $10.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Needham & Company LLC restated a "buy" rating and set a $16.00 price target on shares of Amplitude in a report on Tuesday. DA Davidson cut their price objective on Amplitude from $16.00 to $12.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Baird R W raised Amplitude from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 20th. Four equities 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 company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $13.60.

Insider Transactions at Amplitude

In other news, Director Eric Vishria sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $10.15, for a total transaction of $253,750.00. Following the transaction, the director now directly owns 261,859 shares of the company's stock, valued at $2,657,868.85. This represents a 8.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Catherine Wong sold 3,515 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly owns 87,654 shares in the company, valued at $1,029,934.50. The trade was a 3.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,515 shares of company stock valued at $743,051 over the last ninety days. 23.83% of the stock is owned by company insiders.

Amplitude Stock Down 2.2%

AMPL traded down $0.27 during trading on Friday, hitting $12.04. The company's stock had a trading volume of 919,958 shares, compared to its average volume of 743,733. Amplitude, Inc. has a twelve month low of $7.37 and a twelve month high of $14.88. The stock's fifty day moving average price is $10.07 and its 200-day moving average price is $10.94. The firm has a market capitalization of $1.19 billion, a P/E ratio of -15.64 and a beta of 1.40.

Amplitude (NASDAQ:AMPL - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates 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 analyst estimates of $79.81 million. During the same period in the previous year, the company earned $0.01 earnings per share. Amplitude's revenue for the quarter was up 10.1% compared to the same quarter last year. Equities research analysts expect that Amplitude, Inc. will post -0.62 EPS for the current fiscal year.

Amplitude 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.