Sunriver Management LLC Boosts Position in Amplitude, Inc. (NASDAQ:AMPL)

Sunriver Management LLC raised its holdings in Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 24.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,772,808 shares of the company's stock after buying an additional 737,600 shares during the quarter. Amplitude comprises 4.8% of Sunriver Management LLC's investment portfolio, making the stock its 10th largest position. Sunriver Management LLC owned approximately 3.99% of Amplitude worth $39,803,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. XTX Topco Ltd bought a new position in Amplitude in the 4th quarter worth $701,000. Barclays PLC boosted its position in Amplitude by 9.7% during the 4th quarter. Barclays PLC now owns 141,020 shares of the company's stock valued at $1,487,000 after acquiring an additional 12,483 shares in the last quarter. Summit Investment Advisors Inc. boosted its position 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 purchasing an additional 1,492 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Amplitude by 3.9% in the fourth quarter. Renaissance Technologies LLC now owns 219,500 shares of the company's stock worth $2,316,000 after purchasing an additional 8,200 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Amplitude by 2.6% during the fourth quarter. Legal & General Group Plc now owns 82,998 shares of the company's stock valued at $876,000 after buying an additional 2,111 shares during the period. 73.20% of the stock is owned by hedge funds and other institutional investors.

Amplitude Trading Down 1.4 %

NASDAQ AMPL traded down $0.12 on Friday, reaching $8.18. 891,269 shares of the stock were exchanged, compared to its average volume of 641,233. The firm has a market capitalization of $1.06 billion, a PE ratio of -10.62 and a beta of 1.40. Amplitude, Inc. has a one year low of $7.37 and a one year high of $14.88. The company's 50-day simple moving average is $11.09 and its two-hundred day simple moving average is $10.69.

Amplitude (NASDAQ:AMPL - Get Free Report) last issued its earnings results 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 firm had revenue of $78.13 million during the quarter, compared to the consensus estimate of $76.68 million. Sell-side analysts forecast that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Bank of America lifted 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. Citigroup upped their price target on Amplitude from $11.00 to $15.00 and gave the stock a "neutral" rating in a research note on Monday, February 24th. DA Davidson cut their price objective on shares of Amplitude from $16.00 to $12.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Piper Sandler lifted their target price on Amplitude from $15.00 to $17.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Finally, Morgan Stanley dropped their price objective on Amplitude from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.40.

Insider Transactions at Amplitude

In other news, Director Eric Vishria sold 35,000 shares of the company'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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.80% of the company's stock.

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.