Amplitude, Inc. (NASDAQ:AMPL) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in shares of Amplitude, Inc. (NASDAQ:AMPL) by 45,828.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,430 shares of the company’s stock after buying an additional 6,416 shares during the quarter. GAMMA Investing LLC’s holdings in Amplitude were worth $631,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Amplitude by 8.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,843 shares of the company’s stock worth $1,539,000 after acquiring an additional 11,765 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Amplitude during the 4th quarter worth about $716,000. Thrive Capital Management LLC purchased a new position in Amplitude in the 4th quarter valued at about $904,000. State of Wyoming boosted its holdings in Amplitude by 991.2% in the 4th quarter. State of Wyoming now owns 30,020 shares of the company’s stock worth $317,000 after buying an additional 27,269 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Amplitude during the 4th quarter worth approximately $4,320,000. Hedge funds and other institutional investors own 73.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMPL. Piper Sandler increased their price target on Amplitude from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. UBS Group dropped their target price on Amplitude from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Robert W. Baird reduced their price target on Amplitude from $17.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, May 8th. Morgan Stanley boosted their price target on shares of Amplitude from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, May 9th. Finally, Bank of America raised their price objective on shares of Amplitude from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday. Four investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.50.

Amplitude Price Performance

NASDAQ AMPL opened at $11.73 on Thursday. Amplitude, Inc. has a 1-year low of $7.37 and a 1-year high of $14.88. The firm has a market capitalization of $1.16 billion, a P/E ratio of -15.43 and a beta of 1.56. The business’s 50-day simple moving average is $10.81 and its 200-day simple moving average is $11.19.

Amplitude (NASDAQ:AMPL) last posted its earnings results on Wednesday, May 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.16). The business had revenue of $79.95 million for the quarter, compared to analyst estimates of $79.81 million. Amplitude had a negative return on equity of 32.50% and a negative net margin of 31.01%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the company posted $0.01 EPS. On average, equities research analysts expect that Amplitude, Inc. will post -0.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amplitude news, Director Erica Schultz sold 26,394 shares of the company’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $12.49, for a total value of $329,661.06. Following the completion of the transaction, the director now owns 92,500 shares in the company, valued at $1,155,325. This represents a 22.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Catherine Wong sold 3,515 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 87,654 shares of the company’s stock, valued at approximately $1,029,934.50. This represents a 3.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,411 shares of company stock worth $730,902 in the last 90 days. 23.83% of the stock is owned by company insiders.

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.