Amplitude, Inc. (NASDAQ:AMPL) Shares Bought by Northern Trust Corp

Northern Trust Corp grew its holdings in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 769,189 shares of the company's stock after acquiring an additional 88,227 shares during the period. Northern Trust Corp owned 0.81% of Amplitude worth $8,115,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. T. Rowe Price Investment Management Inc. boosted its stake in shares of Amplitude by 9.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,996,229 shares of the company's stock worth $94,911,000 after buying an additional 770,227 shares during the last quarter. Sunriver Management LLC boosted its position in shares of Amplitude by 24.3% during the 4th quarter. Sunriver Management LLC now owns 3,772,808 shares of the company's stock valued at $39,803,000 after acquiring an additional 737,600 shares during the last quarter. Vanguard Group Inc. grew its stake in Amplitude by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 9,189,698 shares of the company's stock worth $96,951,000 after buying an additional 447,277 shares in the last quarter. Monimus Capital Management LP bought a new position in Amplitude in the fourth quarter valued at $3,630,000. Finally, JPMorgan Chase & Co. lifted its position in Amplitude by 265.5% in the 4th quarter. JPMorgan Chase & Co. now owns 307,225 shares of the company's stock worth $3,241,000 after buying an additional 223,175 shares during the last quarter. Institutional investors and hedge funds own 73.20% of the company's stock.

Insiders Place Their Bets

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 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Eric Vishria sold 25,000 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $10.15, for a total value of $253,750.00. Following the sale, the director now directly owns 261,859 shares in the company, valued at approximately $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. Insiders have sold a total of 63,515 shares of company stock worth $743,051 in the last three months. Corporate insiders own 23.83% of the company's stock.

Amplitude Stock Performance

Shares of NASDAQ AMPL traded down $0.27 during midday trading on Friday, reaching $12.04. The stock had a trading volume of 919,958 shares, compared to its average volume of 752,222. Amplitude, Inc. has a 12-month low of $7.37 and a 12-month high of $14.88. The stock has a 50-day moving average of $10.07 and a 200-day moving average of $10.93. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -15.64 and a beta of 1.40.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on AMPL shares. Morgan Stanley boosted their price objective on shares of Amplitude from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Bank of America increased their target price on Amplitude from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Robert W. Baird dropped their price target on Amplitude from $17.00 to $14.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. UBS Group lowered their price target 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. Finally, Baird R W upgraded Amplitude from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 20th. Four 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $13.60.

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.