Trexquant Investment LP lowered its holdings in Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 28.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,416 shares of the company's stock after selling 33,155 shares during the quarter. Trexquant Investment LP owned 0.08% of Amplitude worth $830,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its stake in Amplitude by 33.3% in the first quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company's stock valued at $59,000 after acquiring an additional 1,455 shares during the period. GAMMA Investing LLC increased its stake in Amplitude by 45,828.6% in the first quarter. GAMMA Investing LLC now owns 6,430 shares of the company's stock valued at $631,000 after acquiring an additional 6,416 shares during the period. Meros Investment Management LP bought a new stake in Amplitude in the fourth quarter valued at about $102,000. Wealth Enhancement Advisory Services LLC bought a new stake in Amplitude in the first quarter valued at about $107,000. Finally, Aigen Investment Management LP bought a new stake in Amplitude in the first quarter valued at about $114,000. Institutional investors own 73.20% of the company's stock.
Insiders Place Their Bets
In related news, Director Erica Schultz sold 7,500 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $11.46, for a total value of $85,950.00. Following the transaction, the director directly owned 107,406 shares in the company, valued at $1,230,872.76. This represents a 6.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.80% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Piper Sandler upped their target price on shares of Amplitude from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Wall Street Zen lowered shares of Amplitude from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Bank of America boosted their price target on shares of Amplitude from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Needham & Company LLC boosted their price target on shares of Amplitude from $16.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, Benchmark restated a "buy" rating on shares of Amplitude in a research report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Amplitude currently has an average rating of "Moderate Buy" and a consensus price target of $13.80.
Check Out Our Latest Analysis on AMPL
Amplitude Price Performance
Shares of AMPL stock traded down $0.19 during trading hours on Wednesday, reaching $11.21. 1,397,346 shares of the company were exchanged, compared to its average volume of 1,265,307. Amplitude, Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $14.88. The stock's fifty day moving average is $11.98 and its two-hundred day moving average is $11.41. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -14.75 and a beta of 1.54.
Amplitude (NASDAQ:AMPL - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.01. Amplitude had a negative net margin of 30.43% and a negative return on equity of 33.08%. The company had revenue of $83.27 million for the quarter, compared to analyst estimates of $81.29 million. Amplitude's revenue was up 13.6% compared to the same quarter last year. On average, research analysts anticipate that Amplitude, Inc. will post -0.62 earnings per share for the current year.
Amplitude Company Profile
(
Free Report)
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.
Read More
Before you consider Amplitude, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amplitude wasn't on the list.
While Amplitude currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
