ArrowMark Colorado Holdings LLC Buys 96,791 Shares of Amplitude, Inc. (NASDAQ:AMPL)

ArrowMark Colorado Holdings LLC raised its stake in Amplitude, Inc. (NASDAQ:AMPL) by 6.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,579,529 shares of the company’s stock after buying an additional 96,791 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in Amplitude were worth $16,664,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AMPL. Barclays PLC grew its position in Amplitude by 371.7% during the 3rd quarter. Barclays PLC now owns 128,537 shares of the company’s stock worth $1,153,000 after acquiring an additional 101,289 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Amplitude by 38.9% during the third quarter. JPMorgan Chase & Co. now owns 84,050 shares of the company’s stock worth $754,000 after purchasing an additional 23,526 shares during the last quarter. Kera Capital Partners Inc. acquired a new position in shares of Amplitude in the fourth quarter valued at approximately $1,498,000. SG Americas Securities LLC raised its holdings in Amplitude by 15.7% in the 4th quarter. SG Americas Securities LLC now owns 42,107 shares of the company’s stock valued at $444,000 after buying an additional 5,726 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in Amplitude by 58.3% during the 4th quarter. Blue Trust Inc. now owns 30,902 shares of the company’s stock worth $326,000 after buying an additional 11,384 shares during the period. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Bank of America raised their price target on shares of Amplitude from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Baird R W raised Amplitude from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 20th. Scotiabank decreased their price target on Amplitude from $12.00 to $10.00 and set a “sector perform” rating for the company in a research note on Thursday, April 24th. DA Davidson lowered their price objective on Amplitude from $16.00 to $12.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley reduced their target price on Amplitude from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.90.

Amplitude Stock Up 0.6 %

Shares of AMPL stock opened at $9.44 on Friday. Amplitude, Inc. has a 52 week low of $7.37 and a 52 week high of $14.88. The firm has a 50 day moving average of $10.34 and a 200-day moving average of $10.70. The company has a market cap of $932.36 million, a price-to-earnings ratio of -12.26 and a beta of 1.40.

Amplitude (NASDAQ:AMPL) last posted its quarterly 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 company had revenue of $78.13 million during the quarter, compared to the consensus estimate of $76.68 million. Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. Analysts anticipate that Amplitude, Inc. will post -0.62 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Eric Vishria sold 35,000 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $12.80, for a total value of $448,000.00. Following the sale, the director now owns 286,859 shares in the company, valued at $3,671,795.20. This represents a 10.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 4.80% of the company’s stock.

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.