Vanguard Group Inc. Raises Holdings in Amplitude, Inc. (NASDAQ:AMPL)

Vanguard Group Inc. lifted its stake in Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 17.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,737,795 shares of the company's stock after buying an additional 1,177,465 shares during the period. Vanguard Group Inc. owned approximately 6.50% of Amplitude worth $89,526,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in AMPL. Bank of New York Mellon Corp boosted its stake in shares of Amplitude by 1,972.5% in the first quarter. Bank of New York Mellon Corp now owns 552,868 shares of the company's stock valued at $10,190,000 after buying an additional 526,191 shares during the period. US Bancorp DE bought a new stake in shares of Amplitude in the first quarter valued at approximately $28,000. BlackRock Inc. raised its position in Amplitude by 0.7% during the first quarter. BlackRock Inc. now owns 385,306 shares of the company's stock valued at $7,101,000 after purchasing an additional 2,700 shares in the last quarter. Blair William & Co. IL raised its position in Amplitude by 44.3% during the first quarter. Blair William & Co. IL now owns 29,941 shares of the company's stock valued at $552,000 after purchasing an additional 9,195 shares in the last quarter. Finally, Arena Capital Advisors LLC CA acquired a new position in Amplitude during the first quarter valued at approximately $184,000. 73.20% of the stock is currently owned by institutional investors.

Amplitude Stock Down 0.8 %

Shares of NASDAQ:AMPL traded down $0.08 during trading on Friday, hitting $10.39. 205,453 shares of the company were exchanged, compared to its average volume of 353,369. The business's 50 day moving average is $12.03 and its 200-day moving average is $11.67. The company has a market capitalization of $1.25 billion, a P/E ratio of -13.32 and a beta of 1.36. Amplitude, Inc. has a 1-year low of $8.50 and a 1-year high of $14.42.

Amplitude (NASDAQ:AMPL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The company had revenue of $71.40 million for the quarter, compared to analyst estimates of $71.56 million. Amplitude had a negative return on equity of 27.73% and a negative net margin of 32.71%. As a group, sell-side analysts anticipate that Amplitude, Inc. will post -0.62 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on AMPL shares. KeyCorp started coverage on shares of Amplitude in a research report on Thursday, March 21st. They set a "sector weight" rating for the company. Citigroup lowered their price objective on shares of Amplitude from $14.00 to $13.00 and set a "neutral" rating for the company in a research report on Wednesday, February 21st. Morgan Stanley downgraded shares of Amplitude from an "equal weight" rating to an "underweight" rating and set a $12.00 price objective for the company. in a research report on Thursday, February 1st. Scotiabank downgraded shares of Amplitude from a "sector outperform" rating to a "sector perform" rating and set a $12.00 price objective for the company. in a research report on Wednesday, February 21st. Finally, Piper Sandler restated a "neutral" rating and set a $11.00 price objective on shares of Amplitude in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $13.20.

Insider Buying and Selling

In related news, Director Catherine Wong sold 3,515 shares of the firm's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $11.97, for a total transaction of $42,074.55. Following the completion of the transaction, the director now directly owns 86,335 shares of the company's stock, valued at approximately $1,033,429.95. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 28.71% of the stock is owned by corporate 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.