Amplitude, Inc. (NASDAQ:AMPL) Shares Acquired by Swiss National Bank

Swiss National Bank lifted its stake in shares of Amplitude, Inc. (NASDAQ:AMPL) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,200 shares of the company’s stock after purchasing an additional 3,400 shares during the period. Swiss National Bank owned about 0.16% of Amplitude worth $1,595,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Intech Investment Management LLC purchased a new stake in Amplitude during the 3rd quarter worth approximately $128,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Amplitude by 19.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,146 shares of the company’s stock worth $199,000 after purchasing an additional 3,552 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Amplitude by 79.7% during the fourth quarter. New York State Common Retirement Fund now owns 23,680 shares of the company’s stock worth $250,000 after purchasing an additional 10,500 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Amplitude in the 4th quarter valued at $252,000. Finally, Quantbot Technologies LP lifted its holdings in Amplitude by 21.5% in the 3rd quarter. Quantbot Technologies LP now owns 24,390 shares of the company’s stock valued at $219,000 after purchasing an additional 4,309 shares in the last quarter. Institutional investors and hedge funds own 73.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AMPL shares. Bank of America increased their target price on shares of Amplitude from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Robert W. Baird upgraded shares of Amplitude from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $12.00 to $17.00 in a report on Thursday, February 20th. KeyCorp upgraded Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 target price on the stock in a report on Friday, December 13th. Baird R W upgraded Amplitude from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 20th. Finally, UBS Group upped their target price on Amplitude from $10.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Four 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 company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Insider Transactions at Amplitude

In other news, Director Eric Vishria sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $12.80, for a total value of $448,000.00. Following the completion of the transaction, the director now owns 286,859 shares of the company’s stock, valued at approximately $3,671,795.20. This trade represents a 10.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 4.80% of the company’s stock.

Amplitude Price Performance

NASDAQ AMPL opened at $10.55 on Friday. The stock has a market capitalization of $1.37 billion, a P/E ratio of -13.70 and a beta of 1.35. The firm’s 50-day moving average is $12.08 and its two-hundred day moving average is $10.67. Amplitude, Inc. has a 12 month low of $7.37 and a 12 month high of $14.88.

Amplitude (NASDAQ:AMPL) last issued its quarterly earnings data on Wednesday, February 19th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.27). Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. The company had revenue of $78.13 million during the quarter, compared to analyst estimates of $76.68 million. As a group, analysts anticipate that Amplitude, Inc. will post -0.62 EPS for the current 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.