PDT Partners LLC Has $1.28 Million Stock Holdings in Amplitude, Inc. $AMPL

Key Points

• PDT Partners LLC increased its stake in Amplitude, Inc. by 26.6%, now owning a total of 125,640 shares valued at approximately $1.28 million.
• Insider transactions have seen directors Catherine Wong and Erica Schultz sell shares recently, decreasing their ownership in the company.
• Analysts have raised their price targets for Amplitude, with Piper Sandler setting a new target of $16.00 and Needham & Company increasing theirs to $18.00.

PDT Partners LLC grew its stake in Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 26.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 125,640 shares of the company's stock after purchasing an additional 26,400 shares during the period. PDT Partners LLC owned approximately 0.13% of Amplitude worth $1,280,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Aquatic Capital Management LLC grew its stake in shares of Amplitude by 176.5% in the 4th quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company's stock valued at $44,000 after purchasing an additional 2,647 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Amplitude by 33.3% in the 1st quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company's stock worth $59,000 after acquiring an additional 1,455 shares in the last quarter. Meros Investment Management LP acquired a new position in shares of Amplitude in the 4th quarter worth approximately $102,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Amplitude in the 1st quarter worth approximately $107,000. Finally, Aigen Investment Management LP acquired a new position in shares of Amplitude in the 1st quarter worth approximately $114,000. 73.20% of the stock is currently owned by institutional investors.

Insider Transactions at Amplitude

In other news, Director Erica Schultz sold 26,394 shares of the stock in a transaction dated Wednesday, June 11th. The shares were 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 in the company, valued at $1,155,325. This represents a 22.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Catherine Wong sold 8,502 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $12.49, for a total transaction of $106,189.98. Following the transaction, the director owned 79,152 shares of the company's stock, valued at approximately $988,608.48. This represents a 9.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,896 shares of company stock valued at $616,001. Company insiders own 4.80% of the company's stock.

Amplitude Price Performance

AMPL stock traded down $0.14 during trading hours on Tuesday, reaching $11.19. 571,877 shares of the stock were exchanged, compared to its average volume of 1,253,653. The firm's 50-day moving average is $12.00 and its 200-day moving average is $11.41. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -14.73 and a beta of 1.54. Amplitude, Inc. has a 12 month low of $7.55 and a 12 month high of $14.88.

Amplitude (NASDAQ:AMPL - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.01. The firm had revenue of $83.27 million during the quarter, compared to analysts' expectations 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. As a group, equities research analysts forecast that Amplitude, Inc. will post -0.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AMPL. Benchmark reissued a "buy" rating on shares of Amplitude in a report on Friday, July 11th. Wall Street Zen downgraded Amplitude from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Bank of America upped their price objective on Amplitude from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Needham & Company LLC upped their price objective on Amplitude from $16.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Finally, Piper Sandler increased their price target on Amplitude from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. One 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 data from MarketBeat.com, Amplitude currently has an average rating of "Moderate Buy" and an average price target of $13.80.

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.