Russell Investments Group Ltd. Boosts Position in Amplitude, Inc. (NASDAQ:AMPL)

Russell Investments Group Ltd. increased its holdings in shares of Amplitude, Inc. (NASDAQ:AMPL – Get Rating) by 8.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,821 shares of the company’s stock after purchasing an additional 12,879 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.14% of Amplitude worth $1,894,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. US Bancorp DE acquired a new position in Amplitude during the first quarter worth approximately $28,000. CWM LLC increased its position in Amplitude by 427.8% during the fourth quarter. CWM LLC now owns 2,681 shares of the company’s stock worth $32,000 after buying an additional 2,173 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Amplitude during the second quarter worth approximately $78,000. Royal Bank of Canada increased its position in Amplitude by 658.5% during the first quarter. Royal Bank of Canada now owns 4,346 shares of the company’s stock worth $80,000 after buying an additional 3,773 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Amplitude by 42.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,831 shares of the company’s stock worth $95,000 after buying an additional 2,343 shares during the period. Hedge funds and other institutional investors own 40.90% of the company’s stock.

Amplitude Price Performance

Shares of AMPL stock opened at $9.39 on Tuesday. The business’s fifty day moving average price is $11.37 and its 200 day moving average price is $12.71. Amplitude, Inc. has a 1-year low of $8.50 and a 1-year high of $19.74. The firm has a market capitalization of $1.09 billion, a PE ratio of -10.92 and a beta of 1.32.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Morgan Stanley lifted their price target on Amplitude from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 16th. UBS Group boosted their target price on Amplitude from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, February 16th. Piper Sandler lowered Amplitude from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $19.00 to $9.00 in a report on Wednesday, May 10th. Bank of America dropped their target price on Amplitude from $20.00 to $18.00 in a report on Thursday, April 6th. Finally, William Blair lowered Amplitude from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 10th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $16.33.

Insider Buying and Selling

In other Amplitude news, President Thomas Neergaard Hansen sold 22,760 shares of the business’s stock in a transaction on Monday, April 10th. The stock was sold at an average price of $11.67, for a total transaction of $265,609.20. Following the sale, the president now directly owns 944,634 shares in the company, valued at $11,023,878.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 45.39% of the stock is currently owned by corporate insiders.

Amplitude Company Profile

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Amplitude, Inc provides a digital optimization system to analyze customer behavior within digital products in the United States and internationally. It offers Amplitude analytics for insights of customer behavior; Amplitude Recommend, a no-code personalization solution that helps to increase customer engagement by adapting digital products and campaigns to every user based on behavior; Amplitude Experiment, an integrated solution that enables teams to determine and deliver the product experiences for their customers through A/B tests and controlled feature releases; Amplitude Behavioral Graph, a proprietary database for deep, real-time interactive behavioral analysis, and behavior-driven personalization – instantly joining, analyzing, and correlating any customer actions to outcomes, such as engagement, growth, and loyalty; and data management, a real-time data layer for planning, integrating, and managing data sources to create a foundation with identity resolution, enterprise-level security, and privacy solutions.