Thrive Capital Management LLC Buys New Stake in Amplitude, Inc. (NASDAQ:AMPL)

Thrive Capital Management LLC bought a new position in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 85,640 shares of the company's stock, valued at approximately $904,000. Amplitude accounts for 0.4% of Thrive Capital Management LLC's holdings, making the stock its 4th largest position. Thrive Capital Management LLC owned 0.07% of Amplitude as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Amplitude by 38.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 84,050 shares of the company's stock worth $754,000 after purchasing an additional 23,526 shares during the last quarter. Kera Capital Partners Inc. bought a new position in Amplitude in the fourth quarter worth about $1,498,000. SG Americas Securities LLC raised its holdings in Amplitude by 15.7% in the fourth quarter. SG Americas Securities LLC now owns 42,107 shares of the company's stock worth $444,000 after purchasing an additional 5,726 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Amplitude by 58.3% during the fourth 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 during the last quarter. Finally, Savant Capital LLC bought a new stake in shares of Amplitude in the 4th quarter valued at about $1,455,000. Institutional investors own 73.20% of the company's stock.

Wall Street Analyst Weigh In

AMPL has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective on shares of Amplitude from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $16.00 price target on shares of Amplitude in a report on Tuesday. Scotiabank decreased their price objective on Amplitude from $12.00 to $10.00 and set a "sector perform" rating for the company in a report on Thursday, April 24th. Bank of America raised their price objective on Amplitude from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Finally, Baird R W upgraded Amplitude from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 20th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Amplitude presently has a consensus rating of "Moderate Buy" and an average price target of $13.60.

Amplitude Trading Down 1.4%

Shares of NASDAQ:AMPL traded down $0.18 on Friday, hitting $12.14. 332,048 shares of the company were exchanged, compared to its average volume of 749,185. The stock's 50 day moving average price is $10.07 and its 200 day moving average price is $10.91. Amplitude, Inc. has a 1-year low of $7.37 and a 1-year high of $14.88. The firm has a market capitalization of $1.20 billion, a P/E ratio of -15.76 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 analysts' consensus estimates of ($0.01) by ($0.16). The firm had revenue of $79.95 million for the quarter, compared to analyst estimates of $79.81 million. Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. The business's revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.01 EPS. On average, equities analysts predict that Amplitude, Inc. will post -0.62 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Eric Vishria sold 25,000 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $10.15, for a total transaction of $253,750.00. Following the completion of the transaction, the director now directly owns 261,859 shares in the company, valued at $2,657,868.85. The trade was a 8.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Catherine Wong sold 3,515 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $11.75, for a total transaction of $41,301.25. Following the completion of the sale, the director now directly owns 87,654 shares in the company, valued at approximately $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 sold 63,515 shares of company stock valued at $743,051 over the last quarter. 23.83% of the stock is currently owned by company 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.