Squarepoint Ops LLC Acquires New Position in Amplitude, Inc. (NASDAQ:AMPL)

Squarepoint Ops LLC acquired a new stake in Amplitude, Inc. (NASDAQ:AMPL - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 67,849 shares of the company's stock, valued at approximately $716,000. Squarepoint Ops LLC owned about 0.07% of Amplitude as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMPL. Headlands Technologies LLC bought a new stake in Amplitude in the fourth quarter valued at approximately $38,000. Aquatic Capital Management LLC grew its position in Amplitude by 176.5% during the fourth quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company's stock worth $44,000 after buying an additional 2,647 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Amplitude by 255.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company's stock worth $75,000 after buying an additional 5,100 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of Amplitude by 22.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company's stock valued at $86,000 after purchasing an additional 1,492 shares in the last quarter. Finally, Meros Investment Management LP acquired a new stake in shares of Amplitude in the 4th quarter valued at $102,000. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Eric Vishria sold 25,000 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $10.15, for a total transaction of $253,750.00. Following the completion of the transaction, the director now directly owns 261,859 shares of the company's stock, valued at approximately $2,657,868.85. This represents a 8.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Catherine Wong sold 3,515 shares of the stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $11.75, for a total transaction of $41,301.25. Following the completion of the transaction, the director now directly owns 87,654 shares of the company's stock, valued at approximately $1,029,934.50. The trade was a 3.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 23.83% of the company's stock.

Amplitude Trading Up 0.3%

Shares of NASDAQ:AMPL traded up $0.04 during mid-day trading on Friday, reaching $13.01. The company had a trading volume of 113,302 shares, compared to its average volume of 742,744. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of -16.86 and a beta of 1.56. The company's 50-day moving average price is $10.29 and its 200-day moving average price is $11.08. 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 issued its earnings results 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 31.52% and a negative return on equity of 32.24%. The business had revenue of $79.95 million for the quarter, compared to the consensus estimate of $79.81 million. During the same period in the previous year, the firm earned $0.01 EPS. The company's revenue was up 10.1% compared to the same quarter last year. On average, research analysts anticipate that Amplitude, Inc. will post -0.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMPL has been the subject of several recent research reports. Baird R W raised Amplitude from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 20th. DA Davidson decreased their target price on Amplitude from $16.00 to $12.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Robert W. Baird reduced their target price on Amplitude from $17.00 to $14.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Scotiabank reduced their target price on Amplitude from $12.00 to $10.00 and set a "sector perform" rating for the company in a research note on Thursday, April 24th. Finally, Bank of America raised their target price on Amplitude from $14.00 to $16.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $13.60.

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.