Amplitude, Inc. $AMPL Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC raised its stake in shares of Amplitude, Inc. (NASDAQ:AMPL) by 79.9% in the third quarter, Holdings Channel.com reports. The fund owned 332,780 shares of the company’s stock after purchasing an additional 147,760 shares during the period. Voya Investment Management LLC’s holdings in Amplitude were worth $3,567,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Alliancebernstein L.P. lifted its holdings in shares of Amplitude by 2,126.0% in the 2nd quarter. Alliancebernstein L.P. now owns 4,160,481 shares of the company’s stock worth $51,590,000 after acquiring an additional 3,973,575 shares during the last quarter. Geode Capital Management LLC lifted its stake in Amplitude by 7.4% during the second quarter. Geode Capital Management LLC now owns 2,158,379 shares of the company’s stock worth $26,767,000 after purchasing an additional 148,247 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Amplitude by 56.8% during the second quarter. Marshall Wace LLP now owns 725,746 shares of the company’s stock worth $8,999,000 after buying an additional 262,775 shares during the period. Bank of America Corp DE boosted its position in shares of Amplitude by 149.4% during the second quarter. Bank of America Corp DE now owns 699,824 shares of the company’s stock worth $8,678,000 after buying an additional 419,248 shares during the period. Finally, Squarepoint Ops LLC grew its stake in shares of Amplitude by 932.3% in the second quarter. Squarepoint Ops LLC now owns 529,050 shares of the company’s stock valued at $6,560,000 after buying an additional 477,801 shares in the last quarter. 73.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Amplitude news, CFO Andrew Casey bought 30,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average price of $9.99 per share, for a total transaction of $299,700.00. Following the completion of the purchase, the chief financial officer directly owned 1,160,608 shares in the company, valued at $11,594,473.92. This trade represents a 2.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Spenser Skates sold 400,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $10.99, for a total value of $4,396,000.00. The SEC filing for this sale provides additional information. Insiders sold 430,000 shares of company stock valued at $4,708,300 in the last ninety days. Insiders own 23.83% of the company’s stock.

Amplitude Stock Down 0.1%

Shares of Amplitude stock opened at $11.93 on Friday. Amplitude, Inc. has a 52-week low of $7.55 and a 52-week high of $14.88. The company has a market capitalization of $1.59 billion, a P/E ratio of -14.91 and a beta of 1.51. The company has a 50 day moving average of $10.59 and a 200 day moving average of $11.28.

Amplitude (NASDAQ:AMPL) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The business had revenue of $88.56 million for the quarter, compared to analyst estimates of $86.29 million. Amplitude had a negative net margin of 31.36% and a negative return on equity of 36.27%. The company’s revenue was up 17.8% on a year-over-year basis. During the same period last year, the business earned $0.03 EPS. As a group, research analysts anticipate that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. DA Davidson restated a “buy” rating and set a $16.00 target price on shares of Amplitude in a report on Monday, September 29th. UBS Group raised shares of Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Friday, October 31st. Piper Sandler restated an “overweight” rating and issued a $16.00 price objective on shares of Amplitude in a report on Thursday, November 6th. Robert W. Baird increased their target price on shares of Amplitude from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Friday, December 19th. Finally, BTIG Research assumed coverage on shares of Amplitude in a research note on Tuesday, December 16th. They issued a “buy” rating and a $14.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.40.

About Amplitude

Amplitude, Inc is a software company specializing in digital analytics and product intelligence solutions for businesses seeking to optimize user engagement and drive growth. Its core offering, the Amplitude Analytics platform, enables customers to collect and analyze behavioral data from web and mobile applications in real time. The platform provides advanced segmentation, funnel analysis, retention tracking and pathfinding tools that help product, marketing and data teams understand user journeys, identify friction points and measure the impact of new features.

Founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang, Amplitude is headquartered in Redwood City, California, with additional offices spanning North America, Europe and Asia.