Amplitude, Inc. (NASDAQ:AMPL) Shares Acquired by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. raised its holdings in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,996,229 shares of the company's stock after purchasing an additional 770,227 shares during the period. T. Rowe Price Investment Management Inc. owned 9.51% of Amplitude worth $94,911,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Barclays PLC lifted its stake 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 period. Charles Schwab Investment Management Inc. grew its position in Amplitude by 4.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 683,405 shares of the company's stock valued at $7,210,000 after buying an additional 31,800 shares during the period. M&T Bank Corp increased its stake in shares of Amplitude by 16.6% in the 4th quarter. M&T Bank Corp now owns 182,712 shares of the company's stock valued at $1,927,000 after purchasing an additional 26,024 shares in the last quarter. JPMorgan Chase & Co. increased 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 buying an additional 23,526 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Amplitude by 2.7% during the fourth 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. Hedge funds and other institutional investors own 73.20% of the company's stock.

Insider Activity at Amplitude

In related news, Director Eric Vishria sold 35,000 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $12.80, for a total value of $448,000.00. Following the sale, the director now owns 286,859 shares in the company, valued at approximately $3,671,795.20. The trade was a 10.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.80% of the stock is owned by insiders.

Amplitude Stock Down 1.7 %

NASDAQ:AMPL traded down $0.16 on Wednesday, hitting $9.10. The stock had a trading volume of 226,561 shares, compared to its average volume of 658,604. The company has a fifty day moving average price of $10.56 and a two-hundred day moving average price of $10.70. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -11.82 and a beta of 1.40. Amplitude, Inc. has a 1-year low of $7.37 and a 1-year high of $14.88.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Robert W. Baird upgraded Amplitude from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $12.00 to $17.00 in a report on Thursday, February 20th. Piper Sandler reduced their price objective on Amplitude from $17.00 to $14.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Bank of America lifted their target price on shares of Amplitude from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Scotiabank reduced their target price on shares of Amplitude from $12.00 to $10.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. Finally, Baird R W raised shares of Amplitude from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 20th. Four investment 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.90.

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.