Marshall Wace LLP Invests $2.19 Million in Amplitude, Inc. (NASDAQ:AMPL)

Marshall Wace LLP purchased a new position in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 207,143 shares of the company's stock, valued at approximately $2,185,000. Marshall Wace LLP owned 0.22% of Amplitude at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Barclays PLC grew its holdings in shares of Amplitude by 371.7% during the third quarter. Barclays PLC now owns 128,537 shares of the company's stock worth $1,153,000 after buying an additional 101,289 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Amplitude by 7.1% during the third quarter. Geode Capital Management LLC now owns 1,903,531 shares of the company's stock valued at $17,078,000 after buying an additional 126,056 shares during the period. JPMorgan Chase & Co. grew its position in shares of Amplitude by 38.9% in the third quarter. JPMorgan Chase & Co. now owns 84,050 shares of the company's stock valued at $754,000 after purchasing an additional 23,526 shares during the period. Kera Capital Partners Inc. acquired a new position in shares of Amplitude during the 4th quarter valued at about $1,498,000. Finally, SG Americas Securities LLC raised its stake in Amplitude by 15.7% during 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 during the period. 73.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amplitude

In related news, Director Eric Vishria sold 35,000 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $12.80, for a total transaction of $448,000.00. Following the sale, the director now owns 286,859 shares in the company, valued at $3,671,795.20. This represents a 10.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AMPL shares. UBS Group increased their target price on Amplitude from $10.00 to $13.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Needham & Company LLC reiterated a "buy" rating and issued a $16.00 price objective on shares of Amplitude in a research report on Wednesday, April 23rd. Morgan Stanley decreased their price target on Amplitude from $13.00 to $11.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Baird R W upgraded shares of Amplitude from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 20th. Finally, Piper Sandler lowered their price objective on shares of Amplitude from $17.00 to $14.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $13.90.

Amplitude Stock Up 1.6 %

Shares of AMPL stock traded up $0.15 during trading on Friday, reaching $9.53. The company's stock had a trading volume of 143,771 shares, compared to its average volume of 907,066. The business has a fifty day moving average price of $10.40 and a 200-day moving average price of $10.69. Amplitude, Inc. has a one year low of $7.37 and a one year high of $14.88. The company has a market cap of $941.15 million, a price-to-earnings ratio of -12.38 and a beta of 1.40.

Amplitude (NASDAQ:AMPL - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.27). The company had revenue of $78.13 million for the quarter, compared to analyst estimates of $76.68 million. Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. Research analysts anticipate that Amplitude, Inc. will post -0.62 EPS for the current year.

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.