M&T Bank Corp Buys 26,024 Shares of Amplitude, Inc. (NASDAQ:AMPL)

M&T Bank Corp grew its stake in shares of Amplitude, Inc. (NASDAQ:AMPL) by 16.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 182,712 shares of the company’s stock after acquiring an additional 26,024 shares during the quarter. M&T Bank Corp’s holdings in Amplitude were worth $1,927,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Rhumbline Advisers lifted its position in Amplitude by 1.0% during the fourth quarter. Rhumbline Advisers now owns 101,954 shares of the company’s stock worth $1,076,000 after purchasing an additional 1,040 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Amplitude by 19.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,146 shares of the company’s stock valued at $199,000 after buying an additional 3,552 shares in the last quarter. Quantbot Technologies LP lifted its holdings in shares of Amplitude by 21.5% during the 3rd quarter. Quantbot Technologies LP now owns 24,390 shares of the company’s stock worth $219,000 after acquiring an additional 4,309 shares during the period. SG Americas Securities LLC boosted its position in shares of Amplitude by 15.7% during the 4th quarter. SG Americas Securities LLC now owns 42,107 shares of the company’s stock worth $444,000 after acquiring an additional 5,726 shares in the last quarter. Finally, MQS Management LLC boosted its position in shares of Amplitude by 38.2% during the 3rd quarter. MQS Management LLC now owns 25,729 shares of the company’s stock worth $231,000 after acquiring an additional 7,112 shares in the last quarter. 73.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Eric Vishria sold 35,000 shares of Amplitude stock in a transaction on Monday, February 24th. The shares were sold at an average price of $12.80, for a total transaction of $448,000.00. Following the completion of the transaction, the director now owns 286,859 shares of the company’s stock, valued at $3,671,795.20. This trade represents a 10.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 45,000 shares of company stock worth $568,129. 4.80% of the stock is currently owned by insiders.

Amplitude Stock Performance

AMPL stock opened at $12.59 on Monday. The company has a market capitalization of $1.63 billion, a P/E ratio of -16.35 and a beta of 1.35. The company has a fifty day moving average price of $11.77 and a 200-day moving average price of $10.39. Amplitude, Inc. has a 52-week low of $7.37 and a 52-week high of $14.88.

Amplitude (NASDAQ:AMPL) last announced its earnings results on Wednesday, February 19th. The company reported ($0.26) 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 company had revenue of $78.13 million for the quarter, compared to analyst estimates of $76.68 million. As a group, sell-side analysts forecast that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. KeyCorp upgraded shares of Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price objective for the company in a research report on Friday, December 13th. Baird R W upgraded Amplitude from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 20th. Morgan Stanley lifted their target price on Amplitude from $11.00 to $13.00 and gave the company an “equal weight” rating in a research report on Thursday, February 20th. Piper Sandler increased their target price on shares of Amplitude from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Finally, Robert W. Baird raised shares of Amplitude from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $12.00 to $17.00 in a report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.00.

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.