Amplitude, Inc. (NASDAQ:AMPL) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund grew its holdings in shares of Amplitude, Inc. (NASDAQ:AMPL) by 79.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,680 shares of the company’s stock after buying an additional 10,500 shares during the period. New York State Common Retirement Fund’s holdings in Amplitude were worth $250,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AMPL. Rhumbline Advisers raised its stake in Amplitude by 1.0% during the 4th quarter. Rhumbline Advisers now owns 101,954 shares of the company’s stock valued at $1,076,000 after acquiring an additional 1,040 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 valued at $199,000 after purchasing an additional 3,552 shares during the period. Quantbot Technologies LP raised its stake in shares of Amplitude by 21.5% during the third 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. SG Americas Securities LLC lifted its holdings in Amplitude by 15.7% in the fourth quarter. SG Americas Securities LLC now owns 42,107 shares of the company’s stock worth $444,000 after purchasing an additional 5,726 shares during the period. Finally, MQS Management LLC grew its position in Amplitude by 38.2% in the 3rd quarter. MQS Management LLC now owns 25,729 shares of the company’s stock valued at $231,000 after buying an additional 7,112 shares in the last quarter. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMPL has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of Amplitude from $10.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Morgan Stanley raised their price objective on shares of Amplitude from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. DA Davidson upgraded Amplitude from a “neutral” rating to a “buy” rating and upped their target price for the stock from $12.50 to $16.00 in a research report on Thursday, February 20th. Citigroup lifted their price target on Amplitude from $11.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Finally, KeyCorp raised Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price objective on the stock in a research note on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.00.

Insider Activity at Amplitude

In related news, Director Eric Vishria sold 3,563 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $12.00, for a total transaction of $42,756.00. Following the transaction, the director now directly owns 276,208 shares of the company’s stock, valued at approximately $3,314,496. The trade was a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders sold 45,000 shares of company stock worth $568,129. 4.80% of the stock is owned by corporate insiders.

Amplitude Stock Performance

Shares of NASDAQ:AMPL opened at $12.76 on Thursday. The company has a market capitalization of $1.65 billion, a PE ratio of -16.57 and a beta of 1.37. The stock has a fifty day moving average of $11.71 and a 200-day moving average of $10.33. Amplitude, Inc. has a one year low of $7.37 and a one year high of $14.88.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings data on Wednesday, February 19th. The company reported ($0.26) earnings per share (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 for the quarter, compared to analyst estimates of $76.68 million. As a group, research analysts forecast that Amplitude, Inc. will post -0.62 EPS for the current fiscal year.

Amplitude 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.