Point72 Asset Management L.P. Purchases New Stake in Amplitude, Inc. (NASDAQ:AMPL)

Point72 Asset Management L.P. purchased a new stake in Amplitude, Inc. (NASDAQ:AMPL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 409,523 shares of the company's stock, valued at approximately $4,320,000. Point72 Asset Management L.P. owned 0.43% of Amplitude at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AMPL. JPMorgan Chase & Co. boosted its holdings in Amplitude by 38.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 84,050 shares of the company's stock worth $754,000 after acquiring an additional 23,526 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Amplitude by 15.7% during the 4th quarter. SG Americas Securities LLC now owns 42,107 shares of the company's stock worth $444,000 after acquiring an additional 5,726 shares during the last quarter. Blue Trust Inc. boosted its holdings in Amplitude by 58.3% during the 4th quarter. Blue Trust Inc. now owns 30,902 shares of the company's stock worth $326,000 after acquiring an additional 11,384 shares during the last quarter. Savant Capital LLC purchased a new position in Amplitude during the 4th quarter worth $1,455,000. Finally, Rhumbline Advisers boosted its holdings in Amplitude by 1.0% during the 4th quarter. Rhumbline Advisers now owns 101,954 shares of the company's stock worth $1,076,000 after acquiring an additional 1,040 shares during the last quarter. Institutional investors and hedge funds own 73.20% of the company's stock.

Insider Activity at Amplitude

In related news, Director Eric Vishria sold 25,000 shares of the business'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 sale, the director now directly owns 261,859 shares in the company, valued at approximately $2,657,868.85. The trade was a 8.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 23.83% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AMPL shares. 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. Needham & Company LLC reaffirmed a "buy" rating and set a $16.00 price objective on shares of Amplitude in a report on Thursday, May 8th. Piper Sandler lifted their price objective on shares of Amplitude from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. DA Davidson cut their price objective on shares of Amplitude from $16.00 to $12.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Bank of America lifted their target price on Amplitude from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $13.60.

Amplitude Price Performance

NASDAQ AMPL opened at $11.77 on Tuesday. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of -15.29 and a beta of 1.40. Amplitude, Inc. has a one year low of $7.37 and a one year high of $14.88. The business's fifty day moving average is $10.05 and its 200-day moving average is $10.87.

Amplitude (NASDAQ:AMPL - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.16). Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. The business had revenue of $79.95 million for the quarter, compared to the consensus estimate of $79.81 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. The company's revenue for the quarter was up 10.1% on a year-over-year basis. Research analysts expect that Amplitude, Inc. will post -0.62 EPS for the current fiscal year.

About Amplitude

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.

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