Virtu Financial LLC Invests $309,000 in Amplitude, Inc. $AMPL

Key Points

• Virtu Financial LLC acquired 30,302 shares of Amplitude, Inc. valued at approximately $309,000 during the 1st quarter, increasing the institutional ownership to 73.20%.
• Several analysts have revised their price targets for Amplitude, with estimates ranging from $14.00 to $18.00 and an average target price of $13.80.
• Amplitude's shares recently opened at $11.47, with a twelve-month low of $7.55 and a high of $14.88, while the company's latest earnings report showed a revenue increase of 13.6% year-over-year.

Virtu Financial LLC acquired a new stake in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 30,302 shares of the company's stock, valued at approximately $309,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AMPL. JPMorgan Chase & Co. increased its stake in Amplitude by 265.5% during the 4th quarter. JPMorgan Chase & Co. now owns 307,225 shares of the company's stock valued at $3,241,000 after purchasing an additional 223,175 shares in the last quarter. Geode Capital Management LLC increased its stake in Amplitude by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 1,955,564 shares of the company's stock valued at $20,636,000 after purchasing an additional 52,033 shares in the last quarter. Wells Fargo & Company MN increased its stake in Amplitude by 48.1% during the 4th quarter. Wells Fargo & Company MN now owns 39,988 shares of the company's stock valued at $422,000 after purchasing an additional 12,983 shares in the last quarter. Legal & General Group Plc increased its stake in Amplitude by 2.6% during the 4th quarter. Legal & General Group Plc now owns 82,998 shares of the company's stock valued at $876,000 after purchasing an additional 2,111 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Amplitude by 3.9% during the 4th quarter. Renaissance Technologies LLC now owns 219,500 shares of the company's stock valued at $2,316,000 after purchasing an additional 8,200 shares in the last quarter. 73.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Amplitude news, Director Catherine Wong sold 8,502 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $12.49, for a total transaction of $106,189.98. Following the sale, the director owned 79,152 shares in the company, valued at approximately $988,608.48. This trade represents a 9.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Erica Schultz sold 7,500 shares of the firm'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 transaction of $85,950.00. Following the sale, the director owned 107,406 shares in the company, valued at approximately $1,230,872.76. The trade was a 6.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,896 shares of company stock worth $616,001. 23.83% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AMPL has been the subject of a number of analyst reports. Scotiabank reduced their price objective on shares of Amplitude from $12.00 to $10.00 and set a "sector perform" rating for the company in a research note on Thursday, April 24th. Robert W. Baird reduced their price objective on shares of Amplitude from $17.00 to $14.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Morgan Stanley raised their price target on shares of Amplitude from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Needham & Company LLC raised their price target on shares of Amplitude from $16.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Benchmark reaffirmed a "buy" rating on shares of Amplitude in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $13.80.

Amplitude Price Performance

Shares of AMPL traded up $0.07 on Thursday, reaching $10.93. The company's stock had a trading volume of 1,665,337 shares, compared to its average volume of 1,738,045. The stock has a market capitalization of $1.12 billion, a P/E ratio of -14.38 and a beta of 1.54. The stock's 50 day simple moving average is $12.17 and its two-hundred day simple moving average is $11.53. Amplitude, Inc. has a 12-month low of $7.55 and a 12-month high of $14.88.

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