Squarepoint Ops LLC Makes New Investment in Amplitude, Inc. (NASDAQ:AMPL)

Squarepoint Ops LLC acquired a new position in Amplitude, Inc. (NASDAQ:AMPL - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 67,849 shares of the company's stock, valued at approximately $716,000. Squarepoint Ops LLC owned 0.07% of Amplitude as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thrive Capital Management LLC purchased a new stake in Amplitude in the fourth quarter valued at $904,000. State of Wyoming increased its position in shares of Amplitude by 991.2% during the 4th quarter. State of Wyoming now owns 30,020 shares of the company's stock worth $317,000 after purchasing an additional 27,269 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Amplitude in the 4th quarter valued at about $4,320,000. ProShare Advisors LLC lifted its position in Amplitude by 52.4% in the fourth quarter. ProShare Advisors LLC now owns 22,000 shares of the company's stock valued at $232,000 after buying an additional 7,565 shares during the last quarter. Finally, Occudo Quantitative Strategies LP lifted its position in Amplitude by 2.1% in the fourth quarter. Occudo Quantitative Strategies LP now owns 41,365 shares of the company's stock valued at $436,000 after buying an additional 832 shares during the last quarter. Institutional investors and hedge funds own 73.20% of the company's stock.

Wall Street Analyst Weigh In

AMPL has been the subject of a number of recent analyst reports. Robert W. Baird dropped their price target on shares of Amplitude from $17.00 to $14.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Citigroup increased their price objective on shares of Amplitude from $11.00 to $15.00 and gave the stock a "neutral" rating in a research report on Monday, February 24th. Scotiabank cut their target price on Amplitude from $12.00 to $10.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 24th. Bank of America raised their price target on Amplitude from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Finally, Piper Sandler raised their price target on Amplitude from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Amplitude presently has an average rating of "Moderate Buy" and an average target price of $13.60.

Amplitude Stock Down 1.8%

AMPL stock traded down $0.23 during midday trading on Friday, hitting $12.74. The company's stock had a trading volume of 909,929 shares, compared to its average volume of 746,556. Amplitude, Inc. has a 52-week low of $7.37 and a 52-week high of $14.88. The firm has a market capitalization of $1.26 billion, a P/E ratio of -16.55 and a beta of 1.56. The firm has a 50-day simple moving average of $10.34 and a 200-day simple moving average of $11.10.

Amplitude (NASDAQ:AMPL - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $79.95 million during the quarter, compared to analyst estimates of $79.81 million. During the same quarter in the previous year, the business posted $0.01 earnings per share. The firm's revenue was up 10.1% on a year-over-year basis. On average, sell-side analysts expect that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Amplitude

In other Amplitude news, Director Catherine Wong sold 3,515 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $11.75, for a total value of $41,301.25. Following the sale, the director now directly owns 87,654 shares of the company's stock, valued at approximately $1,029,934.50. This represents a 3.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Eric Vishria sold 25,000 shares of the firm's stock in a transaction on 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 sale, the director now owns 261,859 shares in the company, valued at $2,657,868.85. The trade was a 8.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.83% of the stock is owned by corporate insiders.

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.