Baillie Gifford & Co. Buys 703,328 Shares of Amplitude, Inc. $AMPL

Baillie Gifford & Co. boosted its position in shares of Amplitude, Inc. (NASDAQ:AMPL) by 35.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,681,896 shares of the company’s stock after acquiring an additional 703,328 shares during the period. Baillie Gifford & Co. owned approximately 2.63% of Amplitude worth $28,750,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AMPL. Alliancebernstein L.P. grew its holdings in shares of Amplitude by 2,126.0% during the 2nd quarter. Alliancebernstein L.P. now owns 4,160,481 shares of the company’s stock worth $51,590,000 after purchasing an additional 3,973,575 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Amplitude by 7.4% in the second quarter. Geode Capital Management LLC now owns 2,158,379 shares of the company’s stock valued at $26,767,000 after purchasing an additional 148,247 shares in the last quarter. Marshall Wace LLP lifted its position in Amplitude by 56.8% in the second quarter. Marshall Wace LLP now owns 725,746 shares of the company’s stock worth $8,999,000 after purchasing an additional 262,775 shares during the period. Bank of America Corp DE lifted its position in Amplitude by 149.4% in the second quarter. Bank of America Corp DE now owns 699,824 shares of the company’s stock worth $8,678,000 after purchasing an additional 419,248 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in Amplitude by 932.3% during the second quarter. Squarepoint Ops LLC now owns 529,050 shares of the company’s stock worth $6,560,000 after buying an additional 477,801 shares in the last quarter. Institutional investors and hedge funds own 73.20% of the company’s stock.

Analysts Set New Price Targets

AMPL has been the subject of a number of recent research reports. Piper Sandler restated an “overweight” rating and issued a $16.00 price objective on shares of Amplitude in a research note on Thursday, November 6th. UBS Group raised shares of Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Friday, October 31st. BTIG Research initiated coverage on shares of Amplitude in a research note on Tuesday, December 16th. They set a “buy” rating and a $14.00 price target for the company. DA Davidson reiterated a “buy” rating and issued a $16.00 price objective on shares of Amplitude in a research note on Monday, September 29th. Finally, Morgan Stanley set a $16.00 target price on Amplitude and gave the stock an “overweight” rating in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Amplitude currently has an average rating of “Moderate Buy” and a consensus price target of $14.80.

Insider Buying and Selling at Amplitude

In other Amplitude news, Director Erica Schultz sold 10,000 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $10.88, for a total value of $108,800.00. Following the completion of the transaction, the director directly owned 114,906 shares of the company’s stock, valued at approximately $1,250,177.28. The trade was a 8.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Spenser Skates sold 42,743 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $12.01, for a total transaction of $513,343.43. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 462,843 shares of company stock worth $5,121,643. 23.83% of the stock is currently owned by corporate insiders.

Amplitude Stock Performance

Amplitude stock opened at $10.25 on Friday. The firm has a market cap of $1.37 billion, a P/E ratio of -12.81 and a beta of 1.49. The business’s fifty day moving average is $10.84 and its two-hundred day moving average is $11.07. Amplitude, Inc. has a 52 week low of $7.55 and a 52 week high of $14.88.

Amplitude (NASDAQ:AMPL) last announced its earnings results on Thursday, November 6th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Amplitude had a negative return on equity of 36.27% and a negative net margin of 31.36%.The company had revenue of $88.56 million during the quarter, compared to analyst estimates of $86.29 million. During the same period last year, the company posted $0.03 earnings per share. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. On average, equities research analysts predict that Amplitude, Inc. will post -0.62 earnings per share for the current year.

Amplitude Company Profile

Amplitude, Inc is a software company specializing in digital analytics and product intelligence solutions for businesses seeking to optimize user engagement and drive growth. Its core offering, the Amplitude Analytics platform, enables customers to collect and analyze behavioral data from web and mobile applications in real time. The platform provides advanced segmentation, funnel analysis, retention tracking and pathfinding tools that help product, marketing and data teams understand user journeys, identify friction points and measure the impact of new features.

Founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang, Amplitude is headquartered in Redwood City, California, with additional offices spanning North America, Europe and Asia.