Amplitude, Inc. (NASDAQ:AMPL) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Amplitude, Inc. (NASDAQ:AMPL) by 36.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,594 shares of the company’s stock after purchasing an additional 5,009 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Amplitude were worth $237,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Amplitude by 17.9% in the third quarter. Vanguard Group Inc. now owns 7,737,795 shares of the company’s stock valued at $89,526,000 after acquiring an additional 1,177,465 shares in the last quarter. FMR LLC increased its stake in Amplitude by 15.1% during the third quarter. FMR LLC now owns 2,949,218 shares of the company’s stock worth $34,122,000 after acquiring an additional 386,413 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Amplitude by 17.1% during the third quarter. Bank of New York Mellon Corp now owns 1,024,965 shares of the company’s stock worth $11,859,000 after acquiring an additional 149,397 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Amplitude by 11.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 531,856 shares of the company’s stock valued at $6,154,000 after buying an additional 55,979 shares during the period. Finally, CenterBook Partners LP purchased a new stake in shares of Amplitude during the 3rd quarter valued at about $3,177,000. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

Amplitude Price Performance

Shares of NASDAQ AMPL opened at $10.07 on Tuesday. The business’s 50-day moving average price is $10.64 and its two-hundred day moving average price is $11.51. Amplitude, Inc. has a one year low of $8.50 and a one year high of $14.42. The company has a market capitalization of $1.21 billion, a P/E ratio of -12.91 and a beta of 1.36.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings results on Tuesday, February 20th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The company had revenue of $71.40 million for the quarter, compared to the consensus estimate of $71.56 million. Amplitude had a negative return on equity of 27.73% and a negative net margin of 32.71%. On average, equities analysts anticipate that Amplitude, Inc. will post -0.62 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AMPL shares. Morgan Stanley dropped their price objective on Amplitude from $12.00 to $10.00 and set an “underweight” rating on the stock in a report on Wednesday, April 17th. Scotiabank lowered Amplitude from a “sector outperform” rating to a “sector perform” rating and set a $12.00 price target for the company. in a research report on Wednesday, February 21st. Citigroup dropped their price objective on Amplitude from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 21st. KeyCorp initiated coverage on Amplitude in a research report on Thursday, March 21st. They set a “sector weight” rating on the stock. Finally, Piper Sandler reiterated a “neutral” rating and set a $11.00 price target on shares of Amplitude in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.50.

Insider Buying and Selling

In other Amplitude news, Director Catherine Wong sold 3,515 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $11.97, for a total value of $42,074.55. Following the completion of the transaction, the director now owns 86,335 shares of the company’s stock, valued at approximately $1,033,429.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 28.71% of the stock is owned by insiders.

Amplitude Company 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.