Marshall Wace LLP Buys New Holdings in Amplitude, Inc. (NASDAQ:AMPL)

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

Other hedge funds have also recently added to or reduced their stakes in the company. Sunriver Management LLC raised its position in shares of Amplitude by 24.3% during the fourth quarter. Sunriver Management LLC now owns 3,772,808 shares of the company's stock worth $39,803,000 after purchasing an additional 737,600 shares during the period. XTX Topco Ltd acquired a new position in Amplitude during the fourth quarter worth $701,000. Barclays PLC lifted its stake in shares of Amplitude by 9.7% in the fourth quarter. Barclays PLC now owns 141,020 shares of the company's stock valued at $1,487,000 after buying an additional 12,483 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of Amplitude by 22.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company's stock valued at $86,000 after buying an additional 1,492 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Amplitude by 3.9% during the fourth quarter. Renaissance Technologies LLC now owns 219,500 shares of the company's stock worth $2,316,000 after acquiring an additional 8,200 shares in the last quarter. Institutional investors and hedge funds own 73.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AMPL shares. Bank of America raised their price target on shares of Amplitude from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $16.00 target price on shares of Amplitude in a research report on Wednesday, April 23rd. Baird R W raised Amplitude from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 20th. Scotiabank cut their price objective on shares of Amplitude from $12.00 to $10.00 and set a "sector perform" rating on the stock in a report on Thursday. Finally, Morgan Stanley reduced their target price on shares of Amplitude from $13.00 to $11.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Four investment 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.90.

Amplitude Stock Performance

AMPL opened at $9.13 on Monday. The firm has a market cap of $1.18 billion, a P/E ratio of -11.86 and a beta of 1.40. Amplitude, Inc. has a fifty-two week low of $7.37 and a fifty-two week high of $14.88. The firm has a 50-day moving average of $10.71 and a 200 day moving average of $10.71.

Amplitude (NASDAQ:AMPL - Get Free Report) last issued its quarterly earnings results 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). The company 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%. Equities research analysts predict that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Insider Transactions at Amplitude

In other Amplitude news, Director Eric Vishria sold 35,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $12.80, for a total transaction of $448,000.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.80% of the stock is owned by corporate insiders.

About Amplitude

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.

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