Northern Trust Corp Boosts Holdings in Amplitude, Inc. (NASDAQ:AMPL)

Northern Trust Corp grew its position in Amplitude, Inc. (NASDAQ:AMPL) by 13.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 769,189 shares of the company’s stock after buying an additional 88,227 shares during the period. Northern Trust Corp owned 0.81% of Amplitude worth $8,115,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AMPL. Headlands Technologies LLC purchased a new position in shares of Amplitude during the 4th quarter worth approximately $38,000. Aquatic Capital Management LLC boosted its position in shares of Amplitude by 176.5% during the 4th quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company’s stock worth $44,000 after purchasing an additional 2,647 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Amplitude by 255.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company’s stock worth $75,000 after purchasing an additional 5,100 shares during the period. Summit Investment Advisors Inc. boosted its position in shares of Amplitude by 22.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company’s stock worth $86,000 after purchasing an additional 1,492 shares during the period. Finally, Dark Forest Capital Management LP purchased a new position in shares of Amplitude during the 4th quarter worth approximately $121,000. Hedge funds and other institutional investors own 73.20% of the company’s stock.

Amplitude Stock Up 0.4%

NASDAQ AMPL opened at $12.19 on Monday. The stock has a market capitalization of $1.20 billion, a PE ratio of -15.83 and a beta of 1.40. The company has a 50 day moving average price of $10.05 and a two-hundred day moving average price of $10.86. Amplitude, Inc. has a 12-month low of $7.37 and a 12-month high of $14.88.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.16). Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. The firm had revenue of $79.95 million during the quarter, compared to the consensus estimate of $79.81 million. During the same period in the prior year, the business earned $0.01 EPS. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities analysts anticipate that Amplitude, Inc. will post -0.62 EPS for the current year.

Insider Buying and Selling at Amplitude

In other Amplitude news, Director Eric Vishria sold 25,000 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $10.15, for a total transaction of $253,750.00. Following the sale, the director now owns 261,859 shares of the company’s stock, valued at $2,657,868.85. This represents a 8.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 23.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AMPL. UBS Group reduced their price objective on shares of Amplitude from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. DA Davidson reduced their price objective on shares of Amplitude from $16.00 to $12.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Baird R W upgraded shares of Amplitude from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 20th. Bank of America raised their price objective on shares of Amplitude from $14.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Finally, Citigroup raised their price objective on shares of Amplitude from $11.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, February 24th. 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 company’s stock. Based on data from MarketBeat, Amplitude currently has an average rating of “Moderate Buy” and a consensus price target of $13.60.

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.