ProShare Advisors LLC Boosts Position in Amplitude, Inc. (NASDAQ:AMPL)

ProShare Advisors LLC lifted its stake in shares of Amplitude, Inc. (NASDAQ:AMPL) by 52.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,000 shares of the company’s stock after acquiring an additional 7,565 shares during the period. ProShare Advisors LLC’s holdings in Amplitude were worth $232,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in shares of Amplitude by 4.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 683,405 shares of the company’s stock worth $7,210,000 after buying an additional 31,800 shares in the last quarter. M&T Bank Corp grew its position in shares of Amplitude by 16.6% during the fourth quarter. M&T Bank Corp now owns 182,712 shares of the company’s stock worth $1,927,000 after buying an additional 26,024 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Amplitude by 2.7% in 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. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Amplitude in the fourth quarter valued at approximately $252,000. Finally, Vanguard Group Inc. boosted its holdings in Amplitude by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 9,189,698 shares of the company’s stock valued at $96,951,000 after purchasing an additional 447,277 shares in the last quarter. Hedge funds and other institutional investors own 73.20% of the company’s stock.

Analysts Set New Price Targets

AMPL has been the topic of a number of research reports. Citigroup raised their target price on shares of Amplitude from $11.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Robert W. Baird lowered their target price on shares of Amplitude from $17.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, May 8th. DA Davidson lowered their target price on shares of Amplitude from $16.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Piper Sandler raised their target price on shares of Amplitude from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Finally, Morgan Stanley raised their target price on shares of Amplitude from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, May 9th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Amplitude presently has a consensus rating of “Moderate Buy” and an average target price of $13.60.

Insider Transactions at Amplitude

In other news, Director Catherine Wong sold 3,515 shares of the company’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $11.75, for a total transaction of $41,301.25. Following the completion of the sale, the director now directly owns 87,654 shares of the company’s stock, valued at $1,029,934.50. This represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Eric Vishria sold 25,000 shares of the company’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $10.15, for a total value of $253,750.00. Following the sale, the director now directly owns 261,859 shares of the company’s stock, valued at approximately $2,657,868.85. This represents a 8.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 23.83% of the company’s stock.

Amplitude Price Performance

Shares of Amplitude stock opened at $12.44 on Friday. The business’s fifty day moving average price is $10.14 and its two-hundred day moving average price is $11.01. The company has a market capitalization of $1.23 billion, a P/E ratio of -16.16 and a beta of 1.40. Amplitude, Inc. has a 1-year low of $7.37 and a 1-year high of $14.88.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings data 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 return on equity of 32.24% and a negative net margin of 31.52%. 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 firm posted $0.01 EPS. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. On average, research analysts expect that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

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.