Bank of New York Mellon Corp Grows Position in Amplitude, Inc. (NASDAQ:AMPL)

Bank of New York Mellon Corp raised its position in Amplitude, Inc. (NASDAQ:AMPL) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 955,293 shares of the company’s stock after buying an additional 15,239 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.01% of Amplitude worth $10,078,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Intech Investment Management LLC purchased a new stake in Amplitude in the 3rd quarter valued at $128,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Amplitude by 19.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,146 shares of the company’s stock valued at $199,000 after buying an additional 3,552 shares during the last quarter. New York State Common Retirement Fund boosted its stake 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 buying an additional 10,500 shares during the period. Quantbot Technologies LP grew its holdings in shares of Amplitude by 21.5% during the third quarter. Quantbot Technologies LP now owns 24,390 shares of the company’s stock worth $219,000 after buying an additional 4,309 shares during the last quarter. Finally, MQS Management LLC increased 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 acquiring an additional 7,112 shares during the period. 73.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Eric Vishria sold 35,000 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $12.80, for a total transaction of $448,000.00. Following the transaction, the director now directly owns 286,859 shares of the company’s stock, valued at approximately $3,671,795.20. The trade was a 10.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AMPL. Baird R W upgraded Amplitude from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 20th. DA Davidson reiterated a “buy” rating and issued a $16.00 price objective on shares of Amplitude in a research report on Tuesday. Citigroup boosted their price objective on shares of Amplitude from $11.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Morgan Stanley raised their target price on shares of Amplitude from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 20th. Finally, Piper Sandler increased their price target on shares of Amplitude from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amplitude currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Amplitude Stock Down 5.9 %

AMPL opened at $11.40 on Friday. Amplitude, Inc. has a 52-week low of $7.37 and a 52-week high of $14.88. The company has a 50 day moving average of $11.88 and a two-hundred day moving average of $10.46. The company has a market cap of $1.48 billion, a P/E ratio of -14.81 and a beta of 1.35.

Amplitude (NASDAQ:AMPL) last released 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 net margin of 31.52% and a negative return on equity of 32.24%. The company had revenue of $78.13 million during the quarter, compared to analysts’ expectations of $76.68 million. Research analysts anticipate that Amplitude, Inc. will post -0.62 earnings per share for the current 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.