65,852 Shares in Amplitude, Inc. $AMPL Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP invested approximately $671,000 in Amplitude, Inc. by acquiring 65,852 shares, representing 0.07% ownership as of the latest SEC filing.
• Several institutional investors and hedge funds have increased their positions in Amplitude, bringing institutional ownership to 73.20% of the company's stock.
• Amplitude's quarterly earnings report showed a revenue increase of 13.6% year-over-year, surpassing analysts' expectations with earnings per share (EPS) of $0.01.

Quantbot Technologies LP purchased a new stake in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 65,852 shares of the company's stock, valued at approximately $671,000. Quantbot Technologies LP owned 0.07% of Amplitude as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Aquatic Capital Management LLC increased its position in shares of Amplitude by 176.5% during 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 stake in shares of Amplitude by 33.3% during 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. GAMMA Investing LLC boosted its stake in shares of Amplitude by 45,828.6% during the 1st quarter. GAMMA Investing LLC now owns 6,430 shares of the company's stock worth $631,000 after acquiring an additional 6,416 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Amplitude by 255.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company's stock worth $75,000 after acquiring an additional 5,100 shares in the last quarter. Finally, Meros Investment Management LP bought a new stake in shares of Amplitude during the 4th quarter worth $102,000. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amplitude

In other news, Director Erica Schultz sold 26,394 shares of Amplitude stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $12.49, for a total value of $329,661.06. Following the transaction, the director directly owned 92,500 shares in the company, valued at approximately $1,155,325. The trade was a 22.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Catherine Wong sold 8,502 shares of Amplitude stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $12.49, for a total value of $106,189.98. Following the sale, the director directly owned 79,152 shares in the company, valued at approximately $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 49,896 shares of company stock worth $616,001 over the last quarter. 23.83% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMPL. Needham & Company LLC raised their price objective on Amplitude from $16.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Morgan Stanley raised their price objective on Amplitude from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Benchmark reissued a "buy" rating on shares of Amplitude in a research note on Friday, July 11th. UBS Group decreased their target price 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, Wall Street Zen cut Amplitude from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $13.80.

Amplitude Stock Performance

Shares of Amplitude stock traded down $0.29 during trading on Friday, reaching $11.44. The company's stock had a trading volume of 684,132 shares, compared to its average volume of 1,231,083. The business's fifty day moving average price is $12.13 and its 200-day moving average price is $11.49. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of -15.01 and a beta of 1.54. Amplitude, Inc. has a one year low of $7.55 and a one year high of $14.88.

Amplitude (NASDAQ:AMPL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. The business had revenue of $83.27 million for 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 was up 13.6% compared to the same quarter last year. Sell-side analysts anticipate that Amplitude, Inc. will post -0.62 EPS for the current 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.