Amplitude, Inc. (NASDAQ:AMPL) Shares Acquired by M&T Bank Corp

M&T Bank Corp grew its stake in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 16.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 182,712 shares of the company's stock after buying an additional 26,024 shares during the quarter. M&T Bank Corp owned 0.19% of Amplitude worth $1,927,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Rhumbline Advisers boosted its holdings in Amplitude by 1.0% during the 4th quarter. Rhumbline Advisers now owns 101,954 shares of the company's stock valued at $1,076,000 after acquiring an additional 1,040 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Amplitude by 19.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,146 shares of the company's stock worth $199,000 after purchasing an additional 3,552 shares during the last quarter. Quantbot Technologies LP increased its stake in shares of Amplitude by 21.5% in the third quarter. Quantbot Technologies LP now owns 24,390 shares of the company's stock worth $219,000 after buying an additional 4,309 shares during the period. SG Americas Securities LLC raised its holdings in Amplitude by 15.7% during the 4th quarter. SG Americas Securities LLC now owns 42,107 shares of the company's stock valued at $444,000 after buying an additional 5,726 shares during the last quarter. Finally, MQS Management LLC boosted its position in Amplitude by 38.2% during the 3rd quarter. MQS Management LLC now owns 25,729 shares of the company's stock valued at $231,000 after buying an additional 7,112 shares during the period. Hedge funds and other institutional investors own 73.20% of the company's stock.

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Insider Activity at Amplitude

In other Amplitude news, Director Eric Vishria sold 6,437 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $12.02, for a total value of $77,372.74. Following the completion of the transaction, the director now owns 279,771 shares in the company, valued at approximately $3,362,847.42. This represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 45,000 shares of company stock worth $568,129 over the last quarter. Insiders own 4.80% of the company's stock.

Wall Street Analyst Weigh In

AMPL has been the subject of several recent analyst reports. DA Davidson raised shares of Amplitude from a "neutral" rating to a "buy" rating and upped their price objective for the company from $12.50 to $16.00 in a research note on Thursday, February 20th. Morgan Stanley increased their price objective on Amplitude from $11.00 to $13.00 and gave the stock an "equal weight" rating in a report on Thursday, February 20th. Citigroup lifted their price objective on Amplitude from $11.00 to $15.00 and gave the stock a "neutral" rating in a research report on Monday, February 24th. Baird R W raised Amplitude from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 20th. Finally, Needham & Company LLC started coverage on shares of Amplitude in a research report on Monday, March 3rd. They set a "buy" rating and a $16.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $15.00.

Amplitude Price Performance

Shares of NASDAQ:AMPL traded down $0.59 during trading hours on Monday, hitting $12.00. 1,221,956 shares of the company's stock traded hands, compared to its average volume of 520,535. The business has a fifty day moving average price of $11.80 and a 200-day moving average price of $10.42. The firm has a market capitalization of $1.55 billion, a P/E ratio of -15.58 and a beta of 1.35. 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 posted its earnings results on Wednesday, February 19th. The company reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates 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%. As a group, equities analysts predict that Amplitude, Inc. will post -0.62 earnings per share for the current year.

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.