Sunriver Management LLC Increases Stake in Amplitude, Inc. (NASDAQ:AMPL)

Sunriver Management LLC grew its stake in Amplitude, Inc. (NASDAQ:AMPL) by 24.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,772,808 shares of the company’s stock after buying an additional 737,600 shares during the quarter. Amplitude accounts for 4.8% of Sunriver Management LLC’s holdings, making the stock its 10th biggest position. Sunriver Management LLC’s holdings in Amplitude were worth $39,803,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AMPL. XTX Topco Ltd bought a new position in shares of Amplitude during the fourth quarter worth about $701,000. Barclays PLC boosted its position in Amplitude by 9.7% during the 4th quarter. Barclays PLC now owns 141,020 shares of the company’s stock worth $1,487,000 after acquiring an additional 12,483 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Amplitude by 22.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company’s stock worth $86,000 after acquiring an additional 1,492 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Amplitude by 3.9% in the fourth quarter. Renaissance Technologies LLC now owns 219,500 shares of the company’s stock valued at $2,316,000 after purchasing an additional 8,200 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Amplitude by 2.6% in the fourth quarter. Legal & General Group Plc now owns 82,998 shares of the company’s stock valued at $876,000 after purchasing an additional 2,111 shares during the last quarter. Institutional investors own 73.20% of the company’s stock.

Amplitude Trading Down 2.7 %

Shares of NASDAQ AMPL opened at $8.77 on Monday. The company has a market capitalization of $1.13 billion, a P/E ratio of -11.39 and a beta of 1.40. Amplitude, Inc. has a 12 month low of $7.37 and a 12 month high of $14.88. The stock has a 50 day moving average of $11.50 and a 200-day moving average of $10.73.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Baird R W raised shares of Amplitude from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 20th. Piper Sandler raised their price objective on Amplitude from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Bank of America upped their target price on Amplitude from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Robert W. Baird upgraded Amplitude from a “neutral” rating to an “outperform” rating and raised their price target for the company from $12.00 to $17.00 in a research note on Thursday, February 20th. Finally, Citigroup boosted their price target on Amplitude from $11.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Insider Activity at Amplitude

In related news, Director Eric Vishria sold 3,563 shares of Amplitude stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $12.00, for a total transaction of $42,756.00. Following the completion of the sale, the director now directly owns 276,208 shares of the company’s stock, valued at approximately $3,314,496. This trade represents a 1.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.80% of the stock is owned by company insiders.

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.