Charles Schwab Investment Management Inc. Acquires 31,800 Shares of Amplitude, Inc. (NASDAQ:AMPL)

Charles Schwab Investment Management Inc. increased its holdings in Amplitude, Inc. (NASDAQ:AMPL) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 683,405 shares of the company’s stock after buying an additional 31,800 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Amplitude were worth $7,210,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC bought a new position in Amplitude during the third quarter valued at $128,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Amplitude by 19.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,146 shares of the company’s stock valued at $199,000 after purchasing an additional 3,552 shares during the period. New York State Common Retirement Fund grew its holdings in Amplitude by 79.7% during the fourth quarter. New York State Common Retirement Fund now owns 23,680 shares of the company’s stock valued at $250,000 after purchasing an additional 10,500 shares during the period. Quantbot Technologies LP grew its holdings in Amplitude by 21.5% during the third quarter. Quantbot Technologies LP now owns 24,390 shares of the company’s stock valued at $219,000 after purchasing an additional 4,309 shares during the period. Finally, Blue Trust Inc. grew its holdings in Amplitude by 57.7% during the fourth quarter. Blue Trust Inc. now owns 30,783 shares of the company’s stock valued at $325,000 after purchasing an additional 11,265 shares during the period. 73.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Amplitude

In other Amplitude news, Director Eric Vishria sold 35,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $12.80, for a total transaction of $448,000.00. Following the sale, the director now owns 286,859 shares in the company, valued at $3,671,795.20. This trade represents 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. Company insiders own 4.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup increased their price objective on Amplitude from $11.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, February 24th. KeyCorp upgraded Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 target price on the stock in a research report on Friday, December 13th. Robert W. Baird upgraded Amplitude from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $12.00 to $17.00 in a research report on Thursday, February 20th. Morgan Stanley increased their target price on Amplitude from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 20th. Finally, Baird R W upgraded Amplitude from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Amplitude Stock Performance

Shares of AMPL stock opened at $11.65 on Monday. Amplitude, Inc. has a 52-week low of $7.37 and a 52-week high of $14.88. The company has a market capitalization of $1.51 billion, a PE ratio of -15.13 and a beta of 1.35. The business’s fifty day moving average is $12.00 and its 200 day moving average is $10.61.

Amplitude (NASDAQ:AMPL) last issued its quarterly earnings data on Wednesday, February 19th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.27). Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. The business had revenue of $78.13 million during the quarter, compared to analysts’ expectations of $76.68 million. On average, sell-side analysts forecast that Amplitude, Inc. will post -0.62 EPS for the current fiscal year.

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.