Voya Investment Management LLC Raises Stock Position in Amplitude, Inc. $AMPL

Voya Investment Management LLC boosted its stake in shares of Amplitude, Inc. (NASDAQ:AMPL) by 79.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 332,780 shares of the company’s stock after acquiring an additional 147,760 shares during the period. Voya Investment Management LLC owned about 0.33% of Amplitude worth $3,567,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its stake in shares of Amplitude by 57.8% during the second quarter. Osaic Holdings Inc. now owns 5,132 shares of the company’s stock worth $64,000 after purchasing an additional 1,879 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Amplitude by 33.3% in the 1st quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company’s stock worth $59,000 after buying an additional 1,455 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Amplitude by 86.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,477 shares of the company’s stock worth $130,000 after buying an additional 4,858 shares during the last quarter. Prudential Financial Inc. purchased a new stake in Amplitude during the 2nd quarter worth approximately $132,000. Finally, AlphaQuest LLC raised its holdings in shares of Amplitude by 1,569.9% during the second quarter. AlphaQuest LLC now owns 11,472 shares of the company’s stock valued at $142,000 after acquiring an additional 10,785 shares during the last quarter. 73.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMPL has been the topic of a number of research analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $16.00 price target on shares of Amplitude in a research note on Monday, September 29th. Robert W. Baird lifted their target price on shares of Amplitude from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Friday, December 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Amplitude in a report on Monday. Piper Sandler reissued an “overweight” rating and issued a $16.00 price target on shares of Amplitude in a research note on Thursday, November 6th. Finally, BTIG Research initiated coverage on shares of Amplitude in a research report on Tuesday, December 16th. They set a “buy” rating and a $14.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Amplitude currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.40.

Insider Activity

In related news, Director Erica Schultz sold 10,000 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $10.88, for a total value of $108,800.00. Following the completion of the transaction, the director directly owned 114,906 shares in the company, valued at approximately $1,250,177.28. This represents a 8.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Andrew Casey bought 30,000 shares of Amplitude stock in a transaction on Friday, November 7th. The stock was acquired at an average price of $9.99 per share, for a total transaction of $299,700.00. Following the transaction, the chief financial officer directly owned 1,160,608 shares of the company’s stock, valued at approximately $11,594,473.92. This trade represents a 2.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 430,000 shares of company stock valued at $4,708,300 in the last 90 days. Company insiders own 23.83% of the company’s stock.

Amplitude Stock Down 0.1%

Shares of AMPL 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 stock has a fifty day simple moving average of $10.59 and a two-hundred day simple moving average of $11.28. The company has a market capitalization of $1.59 billion, a PE ratio of -14.91 and a beta of 1.51.

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

Amplitude Company Profile

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.