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

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Liberty Mutual Group Asset Management Inc. purchased a new position in Amplitude during the first quarter valued at $947,000. Principal Financial Group Inc. purchased a new position in Amplitude during the first quarter valued at $1,586,000. Thrive Capital Management LLC purchased a new position in Amplitude during the fourth quarter valued at $904,000. Wealth Enhancement Advisory Services LLC purchased a new position in Amplitude during the first quarter valued at $107,000. Finally, Bank of America Corp DE lifted its position in Amplitude by 13.1% during the fourth quarter. Bank of America Corp DE now owns 356,001 shares of the company's stock valued at $3,756,000 after buying an additional 41,229 shares during the period. Hedge funds and other institutional investors own 73.20% of the company's stock.

Insider Activity

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

Analysts Set New Price Targets

Several equities analysts have commented on AMPL shares. Morgan Stanley raised their price objective on Amplitude from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Wall Street Zen lowered Amplitude from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Robert W. Baird lowered their price objective on Amplitude from $17.00 to $14.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Benchmark reissued a "buy" rating on shares of Amplitude in a research report on Friday, July 11th. Finally, Piper Sandler raised their price target on Amplitude from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $13.80.

Amplitude Price Performance

NASDAQ AMPL traded down $0.29 during trading hours on Friday, hitting $11.43. The company's stock had a trading volume of 1,341,594 shares, compared to its average volume of 1,991,909. Amplitude, Inc. has a 12 month low of $7.55 and a 12 month high of $14.88. The company's 50 day simple moving average is $12.13 and its two-hundred day simple moving average is $11.49. The company has a market cap of $1.17 billion, a P/E ratio of -15.04 and a beta of 1.54.

Amplitude (NASDAQ:AMPL - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Amplitude had a negative return on equity of 33.08% and a negative net margin of 30.43%.The company had revenue of $83.27 million during the quarter, compared to the consensus estimate of $81.29 million. The firm's revenue was up 13.6% compared to the same quarter last year. As a group, research analysts predict that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

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.