T. Rowe Price Investment Management Inc. Increases Position in Amplitude, Inc. (NASDAQ:AMPL)

T. Rowe Price Investment Management Inc. grew its stake in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,996,229 shares of the company's stock after buying an additional 770,227 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 9.51% of Amplitude worth $94,911,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its holdings in Amplitude by 24.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 31,045 shares of the company's stock worth $328,000 after buying an additional 6,046 shares during the period. Dark Forest Capital Management LP bought a new position in shares of Amplitude in the fourth quarter valued at $121,000. MetLife Investment Management LLC increased its stake in shares of Amplitude by 11.3% during the 4th quarter. MetLife Investment Management LLC now owns 47,503 shares of the company's stock worth $501,000 after purchasing an additional 4,839 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Amplitude by 255.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company's stock valued at $75,000 after buying an additional 5,100 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Amplitude during the 4th quarter valued at $2,185,000. Institutional investors own 73.20% of the company's stock.

Amplitude Trading Up 0.2 %

Shares of NASDAQ:AMPL traded up $0.02 on Monday, hitting $9.15. 795,817 shares of the company were exchanged, compared to its average volume of 658,663. Amplitude, Inc. has a 1-year low of $7.37 and a 1-year high of $14.88. The firm has a market capitalization of $1.18 billion, a P/E ratio of -11.88 and a beta of 1.40. The stock's 50 day moving average price is $10.71 and its 200 day moving average price is $10.71.

Amplitude (NASDAQ:AMPL - Get Free Report) last issued its quarterly earnings data 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). 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 analyst estimates of $76.68 million. On average, equities analysts predict that Amplitude, Inc. will post -0.62 EPS for the current fiscal year.

Insider Activity

In other news, Director Eric Vishria sold 35,000 shares of the stock in a transaction on Monday, February 24th. The stock was 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 in the company, valued at approximately $3,671,795.20. This trade represents a 10.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.80% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on AMPL. Scotiabank dropped their price target on Amplitude from $12.00 to $10.00 and set a "sector perform" rating for the company in a research note on Thursday. Morgan Stanley reduced their target price on shares of Amplitude from $13.00 to $11.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Robert W. Baird upgraded shares of Amplitude from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $12.00 to $17.00 in a research report on Thursday, February 20th. Citigroup lifted their target price on Amplitude from $11.00 to $15.00 and gave the stock a "neutral" rating in a report on Monday, February 24th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $16.00 price target on shares of Amplitude in a research note on Wednesday, April 23rd. 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.90.

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.