Informed Momentum Co LLC Makes New $1.92 Million Investment in Amplitude, Inc. (NASDAQ:AMPL)

Key Points

• Informed Momentum Co LLC made a new investment in Amplitude, purchasing 188,463 shares valued at approximately $1.92 million, as disclosed in their recent SEC filing.
• Amplitude recently reported quarterly earnings hitting analysts' estimates, showing revenue growth of 13.6% year-over-year, with a total revenue of $83.27 million for the quarter.
• Institutional investors own 73.20% of Amplitude's stock, indicating strong institutional interest, with significant stake increases from multiple hedge funds in the past quarters.

Informed Momentum Co LLC purchased a new position in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 188,463 shares of the company's stock, valued at approximately $1,920,000. Informed Momentum Co LLC owned 0.19% of Amplitude as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMPL. Aquatic Capital Management LLC lifted its position in Amplitude by 176.5% during the 4th quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company's stock worth $44,000 after acquiring an additional 2,647 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Amplitude by 255.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company's stock valued at $75,000 after buying an additional 5,100 shares during the period. Summit Investment Advisors Inc. lifted its holdings in shares of Amplitude by 22.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company's stock valued at $86,000 after buying an additional 1,492 shares during the period. Meros Investment Management LP acquired a new position in shares of Amplitude in the 4th quarter valued at about $102,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Amplitude in the 1st quarter valued at about $107,000. Institutional investors and hedge funds own 73.20% of the company's stock.

Amplitude Trading Up 1.0%

NASDAQ:AMPL traded up $0.11 during trading hours on Friday, hitting $11.47. 1,914,892 shares of the stock were exchanged, compared to its average volume of 1,627,719. Amplitude, Inc. has a 52-week low of $7.55 and a 52-week high of $14.88. The firm's fifty day moving average price is $12.27 and its 200 day moving average price is $11.55. The company has a market cap of $1.17 billion, a P/E ratio of -15.09 and a beta of 1.54.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on Amplitude from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Robert W. Baird reduced their price target on Amplitude from $17.00 to $14.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Scotiabank reduced their price target on Amplitude from $12.00 to $10.00 and set a "sector perform" rating for the company in a report on Thursday, April 24th. Benchmark reaffirmed a "buy" rating on shares of Amplitude in a report on Friday, July 11th. Finally, Bank of America upped their price target on Amplitude from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.80.

Insider Buying and Selling

In other news, Director Erica Schultz sold 7,500 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $12.56, for a total value of $94,200.00. Following the completion of the sale, the director directly owned 107,406 shares in the company, valued at $1,349,019.36. This represents a 6.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Catherine Wong sold 8,502 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director owned 79,152 shares of the company's stock, valued at $988,608.48. This trade represents a 9.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,911 shares of company stock valued at $571,352 over the last 90 days. Company 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.