Kodai Capital Management LP Purchases New Position in Amplitude, Inc. $AMPL

Key Points

• Kodai Capital Management LP invested approximately $1.41 million in Amplitude, Inc. by acquiring 138,316 shares, representing a 0.14% ownership in the company.
• Amplitude reported revenue of $83.27 million for the most recent quarter, exceeding analysts' estimates, detailing a 13.6% year-over-year growth.
• Currently, 73.20% of Amplitude's stock is held by institutional investors, indicating strong institutional interest in the company.

Kodai Capital Management LP purchased a new position in Amplitude, Inc. (NASDAQ:AMPL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 138,316 shares of the company's stock, valued at approximately $1,409,000. Kodai Capital Management LP owned about 0.14% of Amplitude at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Occudo Quantitative Strategies LP raised its stake in shares of Amplitude by 2.1% in the fourth quarter. Occudo Quantitative Strategies LP now owns 41,365 shares of the company's stock worth $436,000 after purchasing an additional 832 shares during the last quarter. Russell Investments Group Ltd. increased its position in Amplitude by 33.3% during the first quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company's stock valued at $59,000 after acquiring an additional 1,455 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Amplitude by 6.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,361 shares of the company's stock valued at $468,000 after acquiring an additional 2,512 shares during the last quarter. Aquatic Capital Management LLC increased its position in Amplitude by 176.5% during the fourth 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 last quarter. Finally, Parallel Advisors LLC increased its position in Amplitude by 8.8% during the first quarter. Parallel Advisors LLC now owns 34,569 shares of the company's stock valued at $352,000 after acquiring an additional 2,805 shares during the last quarter. Hedge funds and other institutional investors own 73.20% of the company's stock.

Insider Buying and Selling

In related news, Director Erica Schultz sold 26,394 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $12.49, for a total transaction of $329,661.06. Following the completion of the transaction, the director directly owned 92,500 shares of the company's stock, valued at approximately $1,155,325. This represents a 22.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Catherine Wong sold 8,502 shares of the 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 transaction, the director directly owned 79,152 shares of the company's stock, valued at approximately $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. Over the last three months, insiders have sold 49,896 shares of company stock valued at $616,001. 4.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AMPL. Morgan Stanley upped 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 cut Amplitude from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Piper Sandler upped their price objective on Amplitude from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. UBS Group reduced their price objective on Amplitude from $13.00 to $11.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Finally, Needham & Company LLC upped their price target on Amplitude from $16.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.80.

Amplitude Price Performance

Shares of NASDAQ AMPL traded down $0.36 during mid-day trading on Thursday, reaching $10.80. The company's stock had a trading volume of 430,808 shares, compared to its average volume of 1,245,279. The firm has a market capitalization of $1.10 billion, a PE ratio of -14.24 and a beta of 1.54. The stock has a fifty day moving average of $12.07 and a two-hundred day moving average of $11.46. Amplitude, Inc. has a 52 week low of $7.55 and a 52 week high of $14.88.

Amplitude (NASDAQ:AMPL - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.01 earnings per share for the quarter, hitting analysts' consensus estimates of $0.01. The firm 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 business's revenue for the quarter was up 13.6% on a year-over-year basis. Analysts anticipate that Amplitude, Inc. will post -0.62 EPS 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.