Swiss National Bank Grows Stock Position in Amplitude, Inc. (NASDAQ:AMPL)

Swiss National Bank boosted its stake in shares of Amplitude, Inc. (NASDAQ:AMPL) by 2.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 151,200 shares of the company’s stock after acquiring an additional 3,400 shares during the period. Swiss National Bank’s holdings in Amplitude were worth $1,595,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AMPL. ArrowMark Colorado Holdings LLC increased its stake in shares of Amplitude by 56.6% during the third quarter. ArrowMark Colorado Holdings LLC now owns 1,482,738 shares of the company’s stock worth $13,300,000 after buying an additional 535,624 shares during the period. Cerity Partners LLC grew its holdings in Amplitude by 524.9% during the 3rd quarter. Cerity Partners LLC now owns 460,624 shares of the company’s stock worth $4,132,000 after acquiring an additional 386,915 shares in the last quarter. Circumference Group LLC acquired a new position in Amplitude during the 3rd quarter worth approximately $1,597,000. Kera Capital Partners Inc. purchased a new stake in shares of Amplitude in the 4th quarter valued at approximately $1,498,000. Finally, Savant Capital LLC purchased a new stake in shares of Amplitude during the 4th quarter worth $1,455,000. Institutional investors and hedge funds own 73.20% of the company’s stock.

Amplitude Price Performance

AMPL stock opened at $10.55 on Friday. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -13.70 and a beta of 1.35. The company has a fifty day moving average price of $12.08 and a 200 day moving average price of $10.67. Amplitude, Inc. has a 12 month low of $7.37 and a 12 month high of $14.88.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMPL. Needham & Company LLC reissued a “buy” rating and issued a $16.00 target price on shares of Amplitude in a report on Tuesday, March 11th. Morgan Stanley increased their price objective on Amplitude from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th. Piper Sandler boosted their target price on Amplitude from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Baird R W upgraded shares of Amplitude from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 20th. Finally, Citigroup boosted their price objective on shares of Amplitude from $11.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Four research 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $15.00.

Insider Buying and Selling at Amplitude

In other news, Director Eric Vishria sold 3,563 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $12.00, for a total value of $42,756.00. Following the completion of the sale, the director now owns 276,208 shares in the company, valued at approximately $3,314,496. This trade represents a 1.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.80% of the company’s stock.

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.