Swiss National Bank Buys 4,600 Shares of Amplitude, Inc. $AMPL

Swiss National Bank increased its position in shares of Amplitude, Inc. (NASDAQ:AMPL) by 3.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,800 shares of the company’s stock after acquiring an additional 4,600 shares during the quarter. Swiss National Bank owned about 0.16% of Amplitude worth $1,588,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMPL. Wells Fargo & Company MN raised its stake in Amplitude by 48.1% in the 4th quarter. Wells Fargo & Company MN now owns 39,988 shares of the company’s stock worth $422,000 after acquiring an additional 12,983 shares during the last quarter. Legal & General Group Plc grew its position in Amplitude by 2.6% during the 4th quarter. Legal & General Group Plc now owns 82,998 shares of the company’s stock worth $876,000 after purchasing an additional 2,111 shares during the period. Barclays PLC grew its holdings in Amplitude by 9.7% during the fourth quarter. Barclays PLC now owns 141,020 shares of the company’s stock worth $1,487,000 after acquiring an additional 12,483 shares during the period. Marshall Wace LLP purchased a new position in Amplitude during the fourth quarter valued at approximately $2,185,000. Finally, Canada Pension Plan Investment Board grew its stake 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. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Erica Schultz sold 26,394 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $12.49, for a total value of $329,661.06. Following the completion of the sale, the director owned 92,500 shares of the company’s stock, valued at $1,155,325. This represents a 22.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Catherine Wong sold 8,502 shares of the company’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $12.49, for a total value of $106,189.98. Following the completion of the transaction, the director owned 79,152 shares in the company, valued at $988,608.48. This represents a 9.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,896 shares of company stock worth $616,001. Corporate insiders own 4.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Piper Sandler raised their target price on Amplitude from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Robert W. Baird dropped their price objective on Amplitude from $17.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, May 8th. Wall Street Zen cut Amplitude from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. Needham & Company LLC increased their target price on Amplitude from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Finally, Morgan Stanley boosted their price target on shares of Amplitude from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Friday, May 9th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $13.80.

Amplitude Price Performance

AMPL opened at $11.55 on Monday. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -15.20 and a beta of 1.54. The company’s 50 day simple moving average is $12.17 and its two-hundred day simple moving average is $11.51. Amplitude, Inc. has a 1-year low of $7.55 and a 1-year high of $14.88.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $83.27 million during the quarter, compared to analyst estimates of $81.29 million. Amplitude had a negative return on equity of 33.08% and a negative net margin of 30.43%.The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities analysts anticipate 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.