65,852 Shares in Amplitude, Inc. $AMPL Acquired 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 bought a new stake in Amplitude, Inc. (NASDAQ:AMPL - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 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 SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of AMPL. Aquatic Capital Management LLC raised its holdings 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. raised 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 valued at $59,000 after purchasing an additional 1,455 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Amplitude by 255.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company's stock valued at $75,000 after purchasing an additional 5,100 shares during the period. Meros Investment Management LP bought a new stake in shares of Amplitude in the 4th quarter valued at about $102,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Amplitude in the 1st quarter valued at about $107,000. 73.20% of the stock is owned by institutional investors.

Amplitude Stock Performance

Shares of AMPL stock traded down $0.29 during trading on Friday, hitting $11.43. The company had a trading volume of 1,341,594 shares, compared to its average volume of 1,991,909. The firm has a market capitalization of $1.17 billion, a P/E ratio of -15.04 and a beta of 1.54. The stock's 50-day moving average price is $12.13 and its 200 day moving average price is $11.48. 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 issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The business 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 firm's revenue for the quarter was up 13.6% on a year-over-year basis. On average, research analysts anticipate that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wall Street Zen cut shares of Amplitude from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Benchmark reissued a "buy" rating on shares of Amplitude in a report on Friday, July 11th. Bank of America increased their price target on shares of Amplitude from $13.00 to $15.00 and gave the company a "buy" rating in a report on Monday, June 16th. Needham & Company LLC increased their price target on shares of Amplitude from $16.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Morgan Stanley increased their price target on shares of Amplitude from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Amplitude currently has a consensus rating of "Moderate Buy" and an average target price of $13.80.

Insider Activity

In related news, Director Erica Schultz sold 26,394 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 transaction of $329,661.06. Following the sale, the director owned 92,500 shares in the company, valued at approximately $1,155,325. This trade represents a 22.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $12.49, for a total transaction of $106,189.98. Following the sale, the director owned 79,152 shares in the company, valued at $988,608.48. This represents a 9.70% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,896 shares of company stock worth $616,001. Insiders own 23.83% of the company's stock.

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.