Battery Management CORP. raised its holdings in shares of Amplitude, Inc. (NASDAQ:AMPL – Free Report) by 41.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,587,825 shares of the company’s stock after purchasing an additional 2,511,480 shares during the period. Amplitude accounts for approximately 16.1% of Battery Management CORP.’s holdings, making the stock its 3rd biggest holding. Battery Management CORP. owned about 7.51% of Amplitude worth $111,769,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Toronado Partners LLC bought a new stake in Amplitude during the 1st quarter worth approximately $18,993,000. Vanguard Group Inc. increased its stake in Amplitude by 32.1% during the 1st quarter. Vanguard Group Inc. now owns 3,922,497 shares of the company’s stock worth $72,291,000 after purchasing an additional 952,406 shares in the last quarter. State Street Corp increased its stake in Amplitude by 512.7% during the 2nd quarter. State Street Corp now owns 971,972 shares of the company’s stock worth $13,889,000 after purchasing an additional 813,324 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Amplitude by 1,972.5% during the 1st quarter. Bank of New York Mellon Corp now owns 552,868 shares of the company’s stock worth $10,190,000 after purchasing an additional 526,191 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Amplitude by 72.4% during the 4th quarter. Millennium Management LLC now owns 1,187,182 shares of the company’s stock worth $14,341,000 after purchasing an additional 498,749 shares in the last quarter. 45.14% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Amplitude
In related news, Director Catherine Wong sold 3,515 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $11.23, for a total value of $39,473.45. Following the completion of the transaction, the director now owns 93,365 shares of the company’s stock, valued at $1,048,488.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Dharmesh Thakker sold 63,515 shares of the business’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $10.84, for a total value of $688,502.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Catherine Wong sold 3,515 shares of Amplitude stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $11.23, for a total value of $39,473.45. Following the completion of the transaction, the director now owns 93,365 shares in the company, valued at approximately $1,048,488.95. The disclosure for this sale can be found here. 28.71% of the stock is owned by insiders.
Amplitude Stock Performance
Amplitude (NASDAQ:AMPL – Get Free Report) last posted its earnings results on Tuesday, August 8th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. Amplitude had a negative return on equity of 31.01% and a negative net margin of 38.55%. The company had revenue of $67.77 million during the quarter, compared to the consensus estimate of $66.90 million. During the same quarter last year, the firm earned ($0.22) earnings per share. The company’s revenue was up 16.6% on a year-over-year basis. On average, equities research analysts predict that Amplitude, Inc. will post -0.66 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. Morgan Stanley increased their target price on Amplitude from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Friday, August 11th. Citigroup raised their price target on shares of Amplitude from $12.00 to $13.00 in a research note on Wednesday, August 9th. Finally, Piper Sandler raised their price target on shares of Amplitude from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, August 10th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $14.00.
View Our Latest Research Report on AMPL
Amplitude Profile
Amplitude, Inc provides a digital analytics platform to analyze customer behavior within digital products in the United States and internationally. It offers Amplitude Analytics provides product, marketing, experience analytics, and AI-Driven alerts; Experimentation, a solution that integrates with analytics to plan, deliver, monitor, and analyze tests and product changes; Audience Management tools leverage the data in analytics to build audience lists through behavioral segmentation or machine learning powered predictions; and Data Streaming tools helps to move event data and user profiles to other tools in customers' stacks in real-time to destinations, such as marketing platforms, ad networks, personalization engines, and others; and Amplitude CDP, an insight-driven solution that encompasses the data infrastructure, audience management, and data streaming capabilities.
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