Amplitude, Inc. (NASDAQ:AMPL) Stock Position Lifted by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,955,564 shares of the company's stock after acquiring an additional 52,033 shares during the quarter. Geode Capital Management LLC owned approximately 2.07% of Amplitude worth $20,636,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Amplitude by 265.5% during the 4th quarter. JPMorgan Chase & Co. now owns 307,225 shares of the company's stock worth $3,241,000 after purchasing an additional 223,175 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Amplitude by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 9,189,698 shares of the company's stock worth $96,951,000 after buying an additional 447,277 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Amplitude in the fourth quarter valued at approximately $171,000. Intech Investment Management LLC lifted its stake in shares of Amplitude by 96.4% during the fourth quarter. Intech Investment Management LLC now owns 28,015 shares of the company's stock valued at $296,000 after buying an additional 13,754 shares during the period. Finally, Monimus Capital Management LP acquired a new stake in Amplitude during the fourth quarter worth approximately $3,630,000. Institutional investors and hedge funds own 73.20% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMPL. Needham & Company LLC reiterated a "buy" rating and issued a $16.00 price target on shares of Amplitude in a report on Wednesday. Morgan Stanley lowered their price target on Amplitude from $13.00 to $11.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. DA Davidson cut their price target on shares of Amplitude from $16.00 to $12.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Baird R W raised Amplitude from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 20th. Finally, Citigroup increased their target price on shares of Amplitude from $11.00 to $15.00 and gave the stock a "neutral" rating in a research report on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $14.10.

Amplitude Stock Up 5.9 %

Shares of NASDAQ AMPL traded up $0.47 during trading on Wednesday, reaching $8.41. 627,124 shares of the stock were exchanged, compared to its average volume of 648,448. Amplitude, Inc. has a twelve month low of $7.37 and a twelve month high of $14.88. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -10.88 and a beta of 1.40. The business's 50-day moving average price is $10.91 and its 200 day moving average price is $10.69.

Amplitude (NASDAQ:AMPL - Get Free Report) last announced 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 business had revenue of $78.13 million for the quarter, compared to analysts' expectations of $76.68 million. Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. As a group, sell-side analysts expect that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Eric Vishria sold 35,000 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $12.80, for a total value of $448,000.00. Following the sale, the director now directly owns 286,859 shares of the company's stock, valued at $3,671,795.20. This represents a 10.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.80% of the company's stock.

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.