State of Wyoming Purchases 27,269 Shares of Amplitude, Inc. (NASDAQ:AMPL)

State of Wyoming lifted its stake in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 991.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,020 shares of the company's stock after purchasing an additional 27,269 shares during the period. State of Wyoming's holdings in Amplitude were worth $317,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in Amplitude by 38.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 84,050 shares of the company's stock valued at $754,000 after buying an additional 23,526 shares in the last quarter. SG Americas Securities LLC grew its stake in Amplitude by 15.7% in the 4th quarter. SG Americas Securities LLC now owns 42,107 shares of the company's stock valued at $444,000 after buying an additional 5,726 shares in the last quarter. Blue Trust Inc. grew its stake in Amplitude by 58.3% in the 4th quarter. Blue Trust Inc. now owns 30,902 shares of the company's stock valued at $326,000 after buying an additional 11,384 shares in the last quarter. Savant Capital LLC purchased a new position in Amplitude in the 4th quarter valued at approximately $1,455,000. Finally, Rhumbline Advisers grew its stake in Amplitude by 1.0% in the 4th quarter. Rhumbline Advisers now owns 101,954 shares of the company's stock valued at $1,076,000 after buying an additional 1,040 shares in the last quarter. Hedge funds and other institutional investors own 73.20% of the company's stock.

Amplitude Stock Up 4.8%

Shares of NASDAQ AMPL traded up $0.58 during mid-day trading on Tuesday, reaching $12.62. 233,161 shares of the company were exchanged, compared to its average volume of 741,868. Amplitude, Inc. has a 52 week low of $7.37 and a 52 week high of $14.88. The stock has a market capitalization of $1.25 billion, a PE ratio of -16.40 and a beta of 1.40. The company's 50 day moving average price is $10.08 and its 200 day moving average price is $10.95.

Amplitude (NASDAQ:AMPL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.17) earnings per share (EPS) 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 company had revenue of $79.95 million for the quarter, compared to the consensus estimate of $79.81 million. During the same period in the prior year, the firm posted $0.01 earnings per share. The business's revenue was up 10.1% on a year-over-year basis. On average, sell-side analysts predict that Amplitude, Inc. will post -0.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMPL has been the subject of a number of recent research reports. Morgan Stanley lifted their price objective on shares of Amplitude from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Piper Sandler boosted their price target on shares of Amplitude from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Baird R W upgraded shares of Amplitude from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 20th. Robert W. Baird reduced their price target on shares of Amplitude from $17.00 to $14.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Finally, Needham & Company LLC restated a "buy" rating and set a $16.00 price target on shares of Amplitude in a research report on Tuesday, May 20th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amplitude presently has an average rating of "Moderate Buy" and an average price target of $13.60.

Insider Transactions at Amplitude

In other Amplitude news, Director Catherine Wong sold 3,515 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $11.75, for a total value of $41,301.25. Following the completion of the sale, the director now directly owns 87,654 shares of the company's stock, valued at $1,029,934.50. The trade was a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Eric Vishria sold 25,000 shares of the business's stock in a transaction 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 completion of the sale, 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 disclosure for this sale can be found here. 23.83% of the stock is currently owned by insiders.

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.