Nuveen LLC Purchases Shares of 247,883 Amplitude, Inc. $AMPL

Nuveen LLC acquired a new position in shares of Amplitude, Inc. (NASDAQ:AMPL) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 247,883 shares of the company’s stock, valued at approximately $2,526,000. Nuveen LLC owned approximately 0.25% of Amplitude at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AMPL. Aquatic Capital Management LLC increased its holdings in Amplitude by 176.5% during the 4th quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company’s stock valued at $44,000 after purchasing an additional 2,647 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Amplitude by 45,828.6% during the first quarter. GAMMA Investing LLC now owns 6,430 shares of the company’s stock worth $631,000 after purchasing an additional 6,416 shares during the last quarter. Meros Investment Management LP acquired a new stake in shares of Amplitude in the fourth quarter valued at $102,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Amplitude in the first quarter valued at about $107,000. Finally, Aigen Investment Management LP bought a new stake in Amplitude during the 1st quarter worth about $114,000. Institutional investors own 73.20% of the company’s stock.

Analyst Upgrades and Downgrades

AMPL has been the subject of a number of research analyst reports. Bank of America boosted their target price on shares of Amplitude from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, June 16th. UBS Group lowered their price target on shares of Amplitude from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Needham & Company LLC upped their price objective on Amplitude from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Morgan Stanley increased their price objective on Amplitude from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, May 9th. Finally, Piper Sandler lifted their target price on Amplitude from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.80.

Insider Transactions at Amplitude

In related news, Director Erica Schultz sold 26,394 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $12.49, for a total value of $329,661.06. Following the sale, the director owned 92,500 shares in the company, valued at approximately $1,155,325. This represents a 22.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Catherine Wong sold 8,502 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $12.49, for a total transaction of $106,189.98. Following the sale, the director owned 79,152 shares in the company, valued at $988,608.48. The trade was 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 sold 49,896 shares of company stock valued at $616,001. Insiders own 23.83% of the company’s stock.

Amplitude Stock Down 2.5%

AMPL opened at $11.43 on Friday. The stock has a market cap of $1.17 billion, a P/E ratio of -15.04 and a beta of 1.54. The company has a fifty day simple moving average of $12.13 and a 200 day simple moving average of $11.49. Amplitude, Inc. has a 12 month low of $7.55 and a 12 month high of $14.88.

Amplitude (NASDAQ:AMPL) last released its earnings results on Wednesday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. Amplitude had a negative return on equity of 33.08% and a negative net margin of 30.43%.The firm had revenue of $83.27 million during the quarter, compared to analysts’ expectations of $81.29 million. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, equities research analysts expect that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

About Amplitude

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.