Hsbc Holdings PLC Has $2.03 Million Stake in Amplitude, Inc. $AMPL

Hsbc Holdings PLC lifted its stake in Amplitude, Inc. (NASDAQ:AMPL) by 1,256.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 163,615 shares of the company’s stock after acquiring an additional 151,552 shares during the period. Hsbc Holdings PLC’s holdings in Amplitude were worth $2,032,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its position in shares of Amplitude by 33.3% in the first quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company’s stock valued at $59,000 after purchasing an additional 1,455 shares during the period. Aigen Investment Management LP acquired a new position in Amplitude in the 1st quarter valued at $114,000. Caxton Associates LLP bought a new position in Amplitude in the 1st quarter worth $131,000. Prudential Financial Inc. acquired a new position in Amplitude during the 2nd quarter worth $132,000. Finally, Headlands Technologies LLC boosted its holdings in Amplitude by 260.7% during the first quarter. Headlands Technologies LLC now owns 13,017 shares of the company’s stock valued at $133,000 after acquiring an additional 9,408 shares during the period. Institutional investors own 73.20% of the company’s stock.

Insider Buying and Selling at Amplitude

In other news, CEO Spenser Skates sold 400,000 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $10.99, for a total value of $4,396,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew Casey acquired 30,000 shares of Amplitude stock in a transaction dated Friday, November 7th. The shares were acquired at an average cost of $9.99 per share, with a total value of $299,700.00. Following the completion of the acquisition, the chief financial officer directly owned 1,160,608 shares in the company, valued at $11,594,473.92. This trade represents a 2.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 430,000 shares of company stock valued at $4,710,100 in the last 90 days. 23.83% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Robert W. Baird lowered their price target on Amplitude from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amplitude in a report on Wednesday, October 8th. DA Davidson reiterated a “buy” rating and set a $16.00 price target on shares of Amplitude in a report on Monday, September 29th. UBS Group upgraded shares of Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Friday, October 31st. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $16.00 target price on shares of Amplitude in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.40.

Amplitude Trading Up 1.5%

Shares of AMPL stock opened at $11.16 on Friday. Amplitude, Inc. has a 12 month low of $7.55 and a 12 month high of $14.88. The company has a market capitalization of $1.49 billion, a P/E ratio of -13.95 and a beta of 1.51. The stock has a 50 day moving average of $10.20 and a two-hundred day moving average of $11.38.

Amplitude (NASDAQ:AMPL) last released 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. The business had revenue of $88.56 million for the quarter, compared to analysts’ expectations of $86.29 million. Amplitude had a negative return on equity of 36.27% and a negative net margin of 31.36%.Amplitude’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.03 earnings per share. Sell-side analysts predict that Amplitude, Inc. will post -0.62 earnings per share 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.