Amplitude, Inc. (NASDAQ:AMPL) Stake Increased by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 5.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,189,698 shares of the company's stock after acquiring an additional 447,277 shares during the period. Vanguard Group Inc. owned about 9.72% of Amplitude worth $96,951,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. 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. Swiss National Bank grew its holdings in Amplitude by 2.3% in the 4th quarter. Swiss National Bank now owns 151,200 shares of the company's stock valued at $1,595,000 after buying an additional 3,400 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Amplitude by 17.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 29,572 shares of the company's stock valued at $312,000 after acquiring an additional 4,451 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Amplitude by 15.7% during the 4th quarter. SG Americas Securities LLC now owns 42,107 shares of the company's stock worth $444,000 after acquiring an additional 5,726 shares during the period. Finally, ANTIPODES PARTNERS Ltd boosted its position in shares of Amplitude by 90.7% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 18,081 shares of the company's stock worth $191,000 after acquiring an additional 8,599 shares during the last quarter. 73.20% of the stock is currently owned by institutional investors and hedge funds.

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Amplitude Price Performance

Amplitude stock traded up $0.04 during midday trading on Tuesday, hitting $8.62. 151,329 shares of the company were exchanged, compared to its average volume of 900,390. The company has a market cap of $1.12 billion, a PE ratio of -11.19 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 company's fifty day moving average price is $11.42 and its 200-day moving average price is $10.73.

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

Insiders Place Their Bets

In other news, Director Eric Vishria sold 35,000 shares of Amplitude stock in a transaction dated 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 approximately $3,671,795.20. The trade was a 10.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AMPL has been the subject of several research analyst reports. Robert W. Baird raised shares of Amplitude from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $12.00 to $17.00 in a research report on Thursday, February 20th. Baird R W raised Amplitude from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 20th. Morgan Stanley boosted their price target on Amplitude from $11.00 to $13.00 and gave the company an "equal weight" rating in a research report on Thursday, February 20th. UBS Group raised their price objective on Amplitude from $10.00 to $13.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Finally, DA Davidson reduced their price objective on Amplitude from $16.00 to $12.00 and set a "buy" rating on the stock in a research note on Monday. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.60.

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.