Barclays PLC Buys 12,483 Shares of Amplitude, Inc. (NASDAQ:AMPL)

Barclays PLC lifted its position in Amplitude, Inc. (NASDAQ:AMPL) by 9.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,020 shares of the company’s stock after purchasing an additional 12,483 shares during the quarter. Barclays PLC owned about 0.15% of Amplitude worth $1,487,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in Amplitude by 4.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 683,405 shares of the company’s stock valued at $7,210,000 after buying an additional 31,800 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Amplitude by 16.6% in the fourth quarter. M&T Bank Corp now owns 182,712 shares of the company’s stock valued at $1,927,000 after purchasing an additional 26,024 shares in the last quarter. JPMorgan Chase & Co. increased its position in Amplitude by 38.9% in the third quarter. JPMorgan Chase & Co. now owns 84,050 shares of the company’s stock worth $754,000 after purchasing an additional 23,526 shares during the last quarter. Geode Capital Management LLC raised its stake in Amplitude by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,955,564 shares of the company’s stock valued at $20,636,000 after purchasing an additional 52,033 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Amplitude during the fourth quarter valued at $252,000. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

Amplitude Stock Up 0.6 %

AMPL stock opened at $9.44 on Friday. Amplitude, Inc. has a twelve month low of $7.37 and a twelve month high of $14.88. The firm has a market cap of $932.36 million, a price-to-earnings ratio of -12.26 and a beta of 1.40. The business’s fifty day simple moving average is $10.34 and its two-hundred day simple moving average is $10.71.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings results on Wednesday, February 19th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.27). The company had revenue of $78.13 million during 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%. Research analysts expect that Amplitude, Inc. will post -0.62 EPS for the current year.

Insiders Place Their Bets

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 transaction of $448,000.00. Following the transaction, the director now owns 286,859 shares of the company’s stock, valued at approximately $3,671,795.20. This represents a 10.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AMPL has been the topic of several recent research reports. Morgan Stanley decreased their target price on shares of Amplitude from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Scotiabank decreased their price objective on Amplitude from $12.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 24th. Piper Sandler dropped their target price on Amplitude from $17.00 to $14.00 and set an “overweight” rating for the company in a report on Wednesday, April 23rd. Needham & Company LLC reissued a “buy” rating and set a $16.00 target price on shares of Amplitude in a research report on Wednesday, April 23rd. Finally, Bank of America raised their price target on Amplitude from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Four 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $13.90.

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.