Amplitude, Inc. (NASDAQ:AMPL) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 683,405 shares of the company's stock after acquiring an additional 31,800 shares during the period. Charles Schwab Investment Management Inc. owned about 0.72% of Amplitude worth $7,210,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in shares of Amplitude by 1.6% during the 4th quarter. Bank of New York Mellon Corp now owns 955,293 shares of the company's stock worth $10,078,000 after purchasing an additional 15,239 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Amplitude by 79.7% during the fourth quarter. New York State Common Retirement Fund now owns 23,680 shares of the company's stock worth $250,000 after purchasing an additional 10,500 shares during the last quarter. Rhumbline Advisers grew its position in shares of Amplitude by 1.0% in the fourth quarter. Rhumbline Advisers now owns 101,954 shares of the company's stock valued at $1,076,000 after purchasing an additional 1,040 shares during the period. Blue Trust Inc. increased its stake in Amplitude by 57.7% in the fourth quarter. Blue Trust Inc. now owns 30,783 shares of the company's stock valued at $325,000 after purchasing an additional 11,265 shares during the last quarter. Finally, Savant Capital LLC purchased a new position in Amplitude during the fourth quarter worth about $1,455,000. Hedge funds and other institutional investors own 73.20% of the company's stock.

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Insiders Place Their Bets

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

Amplitude Stock Performance

Shares of AMPL stock traded down $0.59 during trading hours on Thursday, reaching $10.92. The company had a trading volume of 701,304 shares, compared to its average volume of 551,636. The company has a market capitalization of $1.41 billion, a P/E ratio of -14.18 and a beta of 1.35. Amplitude, Inc. has a twelve month low of $7.37 and a twelve month high of $14.88. The stock's fifty day simple moving average is $12.08 and its 200 day simple moving average is $10.66.

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

Analyst Ratings Changes

A number of research firms have recently commented on AMPL. Needham & Company LLC reaffirmed a "buy" rating and set a $16.00 price objective on shares of Amplitude in a research note on Tuesday, March 11th. Bank of America increased their price target 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. DA Davidson reissued a "buy" rating and set a $16.00 price objective on shares of Amplitude in a research note on Tuesday, March 11th. UBS Group increased their target price on Amplitude from $10.00 to $13.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Finally, Baird R W raised Amplitude from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 20th. Four equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $15.00.

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.