ANTIPODES PARTNERS Ltd Has $191,000 Position in Amplitude, Inc. (NASDAQ:AMPL)

ANTIPODES PARTNERS Ltd boosted its holdings in Amplitude, Inc. (NASDAQ:AMPL) by 90.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,081 shares of the company’s stock after buying an additional 8,599 shares during the period. ANTIPODES PARTNERS Ltd’s holdings in Amplitude were worth $191,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Intech Investment Management LLC bought a new stake in Amplitude in the third quarter valued at $128,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Amplitude by 19.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,146 shares of the company’s stock worth $199,000 after purchasing an additional 3,552 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Amplitude by 79.7% in the fourth quarter. New York State Common Retirement Fund now owns 23,680 shares of the company’s stock worth $250,000 after purchasing an additional 10,500 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Amplitude in the fourth quarter worth $252,000. Finally, Quantbot Technologies LP boosted its stake in Amplitude by 21.5% in the third quarter. Quantbot Technologies LP now owns 24,390 shares of the company’s stock worth $219,000 after purchasing an additional 4,309 shares in the last quarter. 73.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Eric Vishria sold 3,563 shares of the 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 transaction, the director now directly owns 276,208 shares of the company’s stock, valued at approximately $3,314,496. This represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 45,000 shares of company stock worth $568,129. 4.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AMPL shares. Bank of America boosted their price objective on Amplitude from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Robert W. Baird raised Amplitude from a “neutral” rating to an “outperform” rating and upped their price target for the company from $12.00 to $17.00 in a research note on Thursday, February 20th. Piper Sandler upped 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. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price objective on shares of Amplitude in a report on Tuesday. Finally, KeyCorp upgraded Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price objective for the company in a report on Friday, December 13th. 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 company. Based on data from MarketBeat.com, Amplitude presently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Amplitude Price Performance

Shares of Amplitude stock opened at $12.11 on Thursday. Amplitude, Inc. has a 1 year low of $7.37 and a 1 year high of $14.88. The business has a 50-day moving average of $11.86 and a two-hundred day moving average of $10.45. The company has a market capitalization of $1.57 billion, a P/E ratio of -15.73 and a beta of 1.35.

Amplitude (NASDAQ:AMPL) last announced its quarterly earnings results on Wednesday, February 19th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $76.68 million. On average, equities analysts anticipate 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.