Amplitude, Inc. (NASDAQ:AMPL) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its holdings in Amplitude, Inc. (NASDAQ:AMPL) by 22.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,885 shares of the company’s stock after buying an additional 2,170 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Amplitude were worth $151,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. AE Wealth Management LLC purchased a new position in Amplitude in the 3rd quarter worth approximately $483,000. SG Americas Securities LLC purchased a new position in Amplitude during the third quarter worth approximately $116,000. Bank of New York Mellon Corp lifted its position in Amplitude by 17.1% during the third quarter. Bank of New York Mellon Corp now owns 1,024,965 shares of the company’s stock worth $11,859,000 after buying an additional 149,397 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Amplitude by 73.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,585 shares of the company’s stock worth $157,000 after buying an additional 5,754 shares during the last quarter. Finally, BluePath Capital Management LLC purchased a new stake in Amplitude in the 3rd quarter valued at $33,000. 73.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Morgan Stanley lowered their price target on shares of Amplitude from $12.00 to $10.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 17th. Citigroup dropped their price target on shares of Amplitude from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, February 21st. Piper Sandler reaffirmed a “neutral” rating and set a $11.00 price target on shares of Amplitude in a research report on Wednesday, February 21st. Scotiabank lowered Amplitude from a “sector outperform” rating to a “sector perform” rating and set a $12.00 price objective for the company. in a research report on Wednesday, February 21st. Finally, KeyCorp started coverage on Amplitude in a research report on Thursday, March 21st. They issued a “sector weight” rating on the stock. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, Amplitude presently has a consensus rating of “Hold” and a consensus target price of $11.50.

Amplitude Stock Performance

NASDAQ:AMPL opened at $9.92 on Monday. The stock has a market capitalization of $1.19 billion, a P/E ratio of -12.72 and a beta of 1.36. Amplitude, Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $14.42. The company has a 50 day moving average price of $10.93 and a 200 day moving average price of $11.52.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings data on Tuesday, February 20th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). Amplitude had a negative net margin of 32.71% and a negative return on equity of 27.73%. The firm had revenue of $71.40 million during the quarter, compared to analysts’ expectations of $71.56 million. Research analysts forecast that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Insider Transactions at Amplitude

In other Amplitude news, Director Catherine Wong sold 3,515 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $11.97, for a total transaction of $42,074.55. Following the sale, the director now directly owns 86,335 shares in the company, valued at approximately $1,033,429.95. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 28.71% of the company’s stock.

Amplitude 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.