Pathway Capital Management LP Takes Position in Amplitude, Inc. (NASDAQ:AMPL)

Pathway Capital Management LP purchased a new position in Amplitude, Inc. (NASDAQ:AMPL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 168,474 shares of the company's stock, valued at approximately $1,717,000. Amplitude makes up approximately 9.9% of Pathway Capital Management LP's portfolio, making the stock its 3rd largest position. Pathway Capital Management LP owned 0.17% of Amplitude as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. T. Rowe Price Investment Management Inc. boosted its stake in Amplitude by 9.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,996,229 shares of the company's stock valued at $94,911,000 after buying an additional 770,227 shares during the period. Sunriver Management LLC lifted its stake in shares of Amplitude by 24.3% in the 4th quarter. Sunriver Management LLC now owns 3,772,808 shares of the company's stock valued at $39,803,000 after acquiring an additional 737,600 shares during the last quarter. Vanguard Group Inc. increased its holdings in Amplitude by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 9,189,698 shares of the company's stock valued at $96,951,000 after purchasing an additional 447,277 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Amplitude during the 4th quarter worth approximately $4,320,000. Finally, JPMorgan Chase & Co. increased its position in Amplitude by 265.5% during the 4th quarter. JPMorgan Chase & Co. now owns 307,225 shares of the company's stock valued at $3,241,000 after buying an additional 223,175 shares in the last quarter. 73.20% of the stock is currently owned by institutional investors.

Insider Transactions at Amplitude

In other Amplitude news, Director Erica Schultz sold 7,500 shares of the business's stock in a transaction 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 sale, the director directly owned 107,406 shares of the company's stock, valued at approximately $1,349,019.36. The trade was a 6.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Eric Vishria sold 25,000 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $10.15, for a total value of $253,750.00. Following the completion of the sale, the director owned 261,859 shares of the company's stock, valued at approximately $2,657,868.85. The trade was a 8.72% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,911 shares of company stock worth $825,102. 23.83% of the stock is currently owned by insiders.

Amplitude Stock Down 0.8%

Amplitude stock traded down $0.10 during trading hours on Thursday, hitting $12.65. The stock had a trading volume of 475,724 shares, compared to its average volume of 1,135,465. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -16.63 and a beta of 1.54. The business's 50 day simple moving average is $12.38 and its 200-day simple moving average is $11.43. Amplitude, Inc. has a one year low of $7.37 and a one year high of $14.88.

Amplitude (NASDAQ:AMPL - Get Free Report) last announced its quarterly earnings data 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). Amplitude had a negative net margin of 31.01% and a negative return on equity of 32.50%. The business had revenue of $79.95 million during the quarter, compared to the consensus estimate of $79.81 million. During the same quarter last year, the company earned $0.01 EPS. The firm's revenue for the quarter was up 10.1% compared to the same quarter last year. Research analysts anticipate that Amplitude, Inc. will post -0.62 EPS for the current fiscal year.

Analyst Ratings Changes

AMPL has been the subject of a number of research analyst reports. Piper Sandler lifted their target price on Amplitude from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Benchmark reiterated a "buy" rating on shares of Amplitude in a research report on Friday, July 11th. Scotiabank cut their price objective on shares of Amplitude from $12.00 to $10.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. UBS Group decreased their target price on shares of Amplitude from $13.00 to $11.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Finally, Robert W. Baird dropped their price target on shares of Amplitude from $17.00 to $14.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $13.50.

Amplitude Company 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.