D. E. Shaw & Co. Inc. Sells 15,928 Shares of Amplitude, Inc. (NASDAQ:AMPL)

D. E. Shaw & Co. Inc. lessened its holdings in shares of Amplitude, Inc. (NASDAQ:AMPL) by 24.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 48,496 shares of the company’s stock after selling 15,928 shares during the period. D. E. Shaw & Co. Inc. owned 0.05% of Amplitude worth $512,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in shares of Amplitude in the 4th quarter valued at approximately $38,000. Aquatic Capital Management LLC increased its stake in Amplitude by 176.5% in the fourth quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company’s stock valued at $44,000 after purchasing an additional 2,647 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in Amplitude by 255.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company’s stock worth $75,000 after purchasing an additional 5,100 shares during the period. Summit Investment Advisors Inc. raised its holdings in Amplitude by 22.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company’s stock worth $86,000 after purchasing an additional 1,492 shares during the period. Finally, Dark Forest Capital Management LP bought a new position in shares of Amplitude during the fourth quarter worth $121,000. Institutional investors own 73.20% of the company’s stock.

Amplitude Stock Performance

Shares of AMPL stock opened at $12.04 on Monday. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -15.64 and a beta of 1.40. The company has a 50-day simple moving average of $10.07 and a two-hundred day simple moving average of $10.94. Amplitude, Inc. has a 52-week low of $7.37 and a 52-week high of $14.88.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.16). Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. The business had revenue of $79.95 million during the quarter, compared to analysts’ expectations of $79.81 million. During the same period in the previous year, the business earned $0.01 EPS. The business’s revenue was up 10.1% on a year-over-year basis. On average, sell-side analysts forecast that Amplitude, Inc. will post -0.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMPL has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 target price on shares of Amplitude in a research note on Tuesday, May 20th. Piper Sandler upped their price objective on Amplitude from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Robert W. Baird decreased their price objective on Amplitude from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, May 8th. Citigroup boosted their target price on Amplitude from $11.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Finally, DA Davidson reduced their price target on Amplitude from $16.00 to $12.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.60.

Insiders Place Their Bets

In other Amplitude news, Director Eric Vishria sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $10.15, for a total value of $253,750.00. Following the completion of the sale, the director now owns 261,859 shares in the company, valued at approximately $2,657,868.85. This trade represents a 8.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Catherine Wong sold 3,515 shares of the firm’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $11.75, for a total value of $41,301.25. Following the completion of the sale, the director now directly owns 87,654 shares of the company’s stock, valued at $1,029,934.50. The trade was a 3.86% decrease in their position. The disclosure for this sale can be found here. 23.83% of the stock is currently owned by insiders.

About Amplitude

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.