Fuller & Thaler Asset Management Inc. Invests $414,000 in Amplitude, Inc. $AMPL

Fuller & Thaler Asset Management Inc. purchased a new position in Amplitude, Inc. (NASDAQ:AMPL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 40,615 shares of the company’s stock, valued at approximately $414,000.

A number of other institutional investors have also recently made changes to their positions in AMPL. Baillie Gifford & Co. bought a new position in shares of Amplitude in the 1st quarter worth $20,292,000. T. Rowe Price Investment Management Inc. increased its holdings in shares of Amplitude by 9.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,996,229 shares of the company’s stock worth $94,911,000 after buying an additional 770,227 shares during the last quarter. Meros Investment Management LP increased its holdings in shares of Amplitude by 4,682.9% in the 1st quarter. Meros Investment Management LP now owns 462,314 shares of the company’s stock worth $4,711,000 after buying an additional 452,648 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Amplitude during the 4th quarter valued at $4,320,000. Finally, Nuveen LLC bought a new position in shares of Amplitude during the 1st quarter valued at $2,526,000. Institutional investors own 73.20% of the company’s stock.

Insider Activity

In related news, Director Erica Schultz sold 26,394 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $12.49, for a total value of $329,661.06. Following the completion of the transaction, the director directly owned 92,500 shares of the company’s stock, valued at $1,155,325. This represents a 22.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Catherine Wong sold 8,502 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $12.49, for a total transaction of $106,189.98. Following the completion of the transaction, the director directly owned 79,152 shares of the company’s stock, valued at approximately $988,608.48. The trade was a 9.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,896 shares of company stock worth $616,001 in the last quarter. 23.83% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Bank of America increased their target price on shares of Amplitude from $13.00 to $15.00 and gave the company a “buy” rating in a report on Monday, June 16th. UBS Group reduced their target price on shares of Amplitude from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Piper Sandler increased their target price on shares of Amplitude from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Benchmark reaffirmed a “buy” rating on shares of Amplitude in a report on Friday, July 11th. Finally, Needham & Company LLC increased their target price on shares of Amplitude from $16.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.80.

Amplitude Price Performance

AMPL opened at $10.93 on Friday. The business has a 50 day simple moving average of $12.17 and a two-hundred day simple moving average of $11.53. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -14.38 and a beta of 1.54. Amplitude, Inc. has a one year low of $7.55 and a one year high of $14.88.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $83.27 million during the quarter, compared to analyst estimates of $81.29 million. Amplitude had a negative return on equity of 33.08% and a negative net margin of 30.43%.The business’s revenue was up 13.6% compared to the same quarter last year. As a group, sell-side analysts expect that Amplitude, Inc. will post -0.62 EPS for the current fiscal year.

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.