Sei Investments Co. Takes $269,000 Position in Amplitude, Inc. $AMPL

Key Points

• Sei Investments Co. has made a new investment of approximately $269,000 in Amplitude, acquiring 26,343 shares of the company in the first quarter.
• Analysts have mixed ratings on Amplitude, with five ratings for hold, seven for buy, and a consensus price target of $13.80.
• Amplitude's stock opened at $11.47, with a 1-year range between $7.55 and $14.88, and the company reported a quarterly revenue of $83.27 million.

Sei Investments Co. purchased a new position in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 26,343 shares of the company's stock, valued at approximately $269,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. lifted its position in Amplitude by 9.4% during 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 acquiring an additional 770,227 shares during the period. Baillie Gifford & Co. acquired a new position in shares of Amplitude in the 1st quarter valued at about $20,292,000. Geode Capital Management LLC lifted its holdings in shares of Amplitude by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,955,564 shares of the company's stock valued at $20,636,000 after buying an additional 52,033 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Amplitude by 0.8% in the 4th quarter. Janus Henderson Group PLC now owns 1,645,539 shares of the company's stock valued at $17,360,000 after buying an additional 12,559 shares during the period. Finally, ArrowMark Colorado Holdings LLC lifted its holdings in shares of Amplitude by 6.5% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,579,529 shares of the company's stock valued at $16,664,000 after buying an additional 96,791 shares during the period. Institutional investors and hedge funds own 73.20% of the company's stock.

Amplitude Stock Performance

Shares of Amplitude stock traded down $0.3450 on Wednesday, hitting $10.8050. The company's stock had a trading volume of 890,285 shares, compared to its average volume of 1,210,652. Amplitude, Inc. has a 1 year low of $7.55 and a 1 year high of $14.88. The firm has a fifty day moving average price of $12.22 and a 200-day moving average price of $11.54. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -14.26 and a beta of 1.54.

Amplitude (NASDAQ:AMPL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Amplitude had a negative return on equity of 33.08% and a negative net margin of 30.43%.The company had revenue of $83.27 million during the quarter, compared to analyst estimates of $81.29 million. Amplitude's revenue for the quarter was up 13.6% on a year-over-year basis. As a group, analysts forecast that Amplitude, Inc. will post -0.62 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AMPL shares. Bank of America boosted their price objective on Amplitude from $13.00 to $15.00 and gave the company a "buy" rating in a report on Monday, June 16th. Needham & Company LLC boosted their price objective on Amplitude from $16.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Robert W. Baird decreased their price objective on Amplitude from $17.00 to $14.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. UBS Group decreased their price objective on Amplitude from $13.00 to $11.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, Morgan Stanley boosted their price objective on Amplitude from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $13.80.

Insider Activity at Amplitude

In other Amplitude news, Director Catherine Wong sold 8,502 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $12.49, for a total transaction of $106,189.98. Following the completion of the sale, the director directly owned 79,152 shares in the company, valued at approximately $988,608.48. The trade was a 9.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Erica Schultz sold 7,500 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $11.46, for a total value of $85,950.00. Following the sale, the director owned 107,406 shares of the company's stock, valued at approximately $1,230,872.76. This trade represents a 6.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,896 shares of company stock valued at $616,001. 23.83% of the stock is owned by company 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.