Trexquant Investment LP Sells 33,155 Shares of Amplitude, Inc. $AMPL

Trexquant Investment LP reduced its stake in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 28.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,416 shares of the company's stock after selling 33,155 shares during the quarter. Trexquant Investment LP owned about 0.08% of Amplitude worth $830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in AMPL. Price T Rowe Associates Inc. MD grew its holdings in Amplitude by 24.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 31,045 shares of the company's stock valued at $328,000 after buying an additional 6,046 shares in the last quarter. Northern Trust Corp grew its holdings in Amplitude by 13.0% during the 4th quarter. Northern Trust Corp now owns 769,189 shares of the company's stock valued at $8,115,000 after buying an additional 88,227 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in Amplitude during the 4th quarter valued at approximately $129,000. BNP Paribas Financial Markets purchased a new stake in Amplitude during the 4th quarter valued at approximately $297,000. Finally, Bank of America Corp DE grew its holdings in Amplitude by 13.1% during the 4th quarter. Bank of America Corp DE now owns 356,001 shares of the company's stock valued at $3,756,000 after buying an additional 41,229 shares in the last quarter. 73.20% of the stock is owned by hedge funds and other institutional investors.

Amplitude Stock Performance

NASDAQ AMPL traded down $0.27 on Friday, hitting $11.07. 1,190,767 shares of the stock were exchanged, compared to its average volume of 1,677,836. The stock has a fifty day moving average price of $11.90 and a two-hundred day moving average price of $11.39. The firm has a market capitalization of $1.13 billion, a P/E ratio of -14.57 and a beta of 1.54. Amplitude, Inc. has a 52-week low of $7.55 and a 52-week 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 the consensus estimate of $0.01. The company had revenue of $83.27 million during the quarter, compared to analyst estimates of $81.29 million. Amplitude had a negative net margin of 30.43% and a negative return on equity of 33.08%. Amplitude's revenue was up 13.6% compared to the same quarter last year. Sell-side analysts expect that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Benchmark reissued a "buy" rating on shares of Amplitude in a report on Friday, July 11th. Wall Street Zen lowered shares of Amplitude from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Needham & Company LLC raised their target price on shares of Amplitude from $16.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Piper Sandler raised their target price on shares of Amplitude from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Finally, Bank of America raised their target price on shares of Amplitude from $13.00 to $15.00 and gave the company a "buy" rating in a report on Monday, June 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Amplitude currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.80.

Insider Buying and Selling

In other Amplitude news, Director Erica Schultz sold 7,500 shares of Amplitude stock in a transaction on Friday, August 15th. The shares were sold at an average price of $11.46, for a total transaction of $85,950.00. Following the completion of the transaction, the director directly owned 107,406 shares of the company's stock, valued at $1,230,872.76. The trade was a 6.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.83% of the stock is owned by insiders.

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.