Deutsche Bank AG Sells 417,293 Shares of Amplitude, Inc. (NASDAQ:AMPL)

Deutsche Bank AG cut its stake in Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 42.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 557,247 shares of the company's stock after selling 417,293 shares during the period. Deutsche Bank AG owned approximately 0.59% of Amplitude worth $5,879,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in Amplitude in the 4th quarter worth $38,000. Aquatic Capital Management LLC boosted its stake in Amplitude by 176.5% in the 4th quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company's stock worth $44,000 after purchasing an additional 2,647 shares during the period. Canada Pension Plan Investment Board boosted its stake in Amplitude by 255.0% in the 4th 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. boosted its stake in Amplitude by 22.3% in the 4th 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 acquired a new position in Amplitude in the 4th quarter worth $121,000. 73.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMPL. DA Davidson reduced their target price on shares of Amplitude from $16.00 to $12.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Piper Sandler increased their price objective on shares of Amplitude from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Citigroup increased their price objective on shares of Amplitude from $11.00 to $15.00 and gave the stock a "neutral" rating in a research note on Monday, February 24th. Morgan Stanley increased their price objective on shares of Amplitude from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Finally, Bank of America increased their price objective on shares of Amplitude from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $13.60.

Amplitude Stock Up 2.8%

Shares of AMPL stock traded up $0.33 on Thursday, reaching $12.31. The stock had a trading volume of 1,517,022 shares, compared to its average volume of 749,588. The firm's 50-day moving average is $10.07 and its two-hundred day moving average is $10.89. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -15.99 and a beta of 1.40. Amplitude, Inc. has a 12 month low of $7.37 and a 12 month high of $14.88.

Amplitude (NASDAQ:AMPL - Get Free Report) last issued 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 firm had revenue of $79.95 million during the quarter, compared to the consensus estimate of $79.81 million. Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. The firm's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 earnings per share. On average, sell-side analysts forecast that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Insider Activity

In other Amplitude news, Director Catherine Wong sold 3,515 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $11.75, for a total value of $41,301.25. Following the transaction, the director now directly owns 87,654 shares of the company's stock, valued at $1,029,934.50. This represents a 3.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eric Vishria sold 35,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $12.80, for a total transaction of $448,000.00. Following the completion of the transaction, the director now directly owns 286,859 shares in the company, valued at approximately $3,671,795.20. This represents a 10.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,515 shares of company stock valued at $743,051. 23.83% of the stock is owned by company insiders.

Amplitude 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.