Cubist Systematic Strategies LLC Has $3.98 Million Stock Holdings in Amplitude, Inc. (NASDAQ:AMPL)

Cubist Systematic Strategies LLC raised its stake in Amplitude, Inc. (NASDAQ:AMPL – Get Rating) by 453.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 257,181 shares of the company’s stock after purchasing an additional 210,731 shares during the period. Cubist Systematic Strategies LLC owned 0.23% of Amplitude worth $3,979,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AMPL. Privium Fund Management B.V. grew its holdings in Amplitude by 3.9% in the 3rd quarter. Privium Fund Management B.V. now owns 80,000 shares of the company’s stock valued at $1,263,000 after buying an additional 3,000 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in shares of Amplitude in the second quarter valued at about $38,000. Stanley Laman Group Ltd. grew its stake in shares of Amplitude by 27.5% in the third quarter. Stanley Laman Group Ltd. now owns 139,974 shares of the company’s stock valued at $2,165,000 after acquiring an additional 30,206 shares in the last quarter. Kettle Hill Capital Management LLC bought a new position in Amplitude during the second quarter worth about $7,571,000. Finally, Spouting Rock Asset Management LLC raised its stake in Amplitude by 24.2% in the 3rd quarter. Spouting Rock Asset Management LLC now owns 15,398 shares of the company’s stock worth $238,000 after purchasing an additional 3,002 shares in the last quarter. 40.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. UBS Group raised their target price on shares of Amplitude from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, February 16th. Bank of America raised Amplitude from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Wednesday, January 4th. William Blair reissued an “outperform” rating on shares of Amplitude in a report on Thursday, December 8th. Morgan Stanley boosted their price target on Amplitude from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Thursday, February 16th. Finally, Robert W. Baird reduced their price objective on shares of Amplitude from $20.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 21st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.75.

Insider Buying and Selling

In other Amplitude news, President Thomas Neergaard Hansen sold 19,638 shares of the firm’s stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $12.17, for a total value of $238,994.46. Following the sale, the president now owns 967,394 shares in the company, valued at $11,773,184.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Amplitude news, President Thomas Neergaard Hansen sold 19,638 shares of the stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $12.17, for a total value of $238,994.46. Following the completion of the transaction, the president now directly owns 967,394 shares in the company, valued at $11,773,184.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Catherine Wong sold 3,515 shares of Amplitude stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $14.34, for a total value of $50,405.10. Following the sale, the director now directly owns 100,395 shares in the company, valued at $1,439,664.30. The disclosure for this sale can be found here. Insiders sold a total of 25,676 shares of company stock worth $326,261 in the last three months. 45.39% of the stock is owned by corporate insiders.

Amplitude Trading Up 2.4 %

AMPL stock opened at $13.68 on Monday. The firm has a 50-day moving average price of $13.52 and a 200-day moving average price of $14.38. Amplitude, Inc. has a 12 month low of $10.51 and a 12 month high of $21.50. The stock has a market capitalization of $1.56 billion, a P/E ratio of -16.48 and a beta of 1.36.

Amplitude 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.