Deutsche Bank AG Sells 429,231 Shares of Amplitude, Inc. $AMPL

Key Points

• Deutsche Bank AG sold 429,231 shares of Amplitude, Inc., decreasing its holdings by 77.0%, leaving it with approximately 0.13% ownership worth $1,304,000 as of its latest SEC filing.
• Other hedge funds significantly increased their investments in Amplitude, with Aquatic Capital Management growing its position by 176.5% and GAMMA Investing LLC by an astonishing 45,828.6% in the first quarter.
• Despite a revenue increase of 13.6% year-over-year, Amplitude reported a negative net margin of 30.43% and is facing mixed analyst ratings, with target prices ranging from $11.00 to $18.00.

Deutsche Bank AG decreased its holdings in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 77.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,016 shares of the company's stock after selling 429,231 shares during the period. Deutsche Bank AG owned about 0.13% of Amplitude worth $1,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Aquatic Capital Management LLC grew its position in shares of Amplitude by 176.5% during the 4th quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company's stock valued at $44,000 after acquiring an additional 2,647 shares during the period. GAMMA Investing LLC grew its position in shares of Amplitude by 45,828.6% during the 1st quarter. GAMMA Investing LLC now owns 6,430 shares of the company's stock valued at $631,000 after acquiring an additional 6,416 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Amplitude by 255.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company's stock valued at $75,000 after acquiring an additional 5,100 shares during the period. Meros Investment Management LP bought a new stake in shares of Amplitude during the 4th quarter valued at $102,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Amplitude during the 1st quarter valued at $107,000. Institutional investors own 73.20% of the company's stock.

Amplitude Stock Up 5.7%

Shares of AMPL stock opened at $11.55 on Friday. The stock has a market cap of $1.18 billion, a P/E ratio of -15.20 and a beta of 1.54. Amplitude, Inc. has a 52 week low of $7.55 and a 52 week high of $14.88. The company's fifty day simple moving average is $12.17 and its two-hundred day simple moving average is $11.52.

Amplitude (NASDAQ:AMPL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $83.27 million for the quarter, compared to analysts' expectations of $81.29 million. Amplitude had a negative net margin of 30.43% and a negative return on equity of 33.08%. The business's revenue was up 13.6% on a year-over-year basis. On average, analysts anticipate that Amplitude, Inc. will post -0.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMPL. Wall Street Zen downgraded shares of Amplitude from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Bank of America lifted their target price on shares of Amplitude from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Piper Sandler lifted their target price on shares of Amplitude from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. UBS Group lowered their target price on shares of Amplitude from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Finally, Needham & Company LLC lifted their target price on shares of Amplitude from $16.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $13.80.

Insider Buying and Selling at Amplitude

In other Amplitude news, Director Catherine Wong sold 8,502 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $12.49, for a total value of $106,189.98. Following the sale, the director owned 79,152 shares in the company, valued at $988,608.48. The trade was a 9.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Erica Schultz sold 7,500 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $11.46, for a total transaction of $85,950.00. Following the completion of the sale, the director owned 107,406 shares in the company, valued at approximately $1,230,872.76. The trade was a 6.53% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,896 shares of company stock worth $616,001. Corporate insiders own 23.83% of the company's stock.

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.

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