Woodline Partners LP Sells 81,145 Shares of Amplitude, Inc. (NASDAQ:AMPL)

Woodline Partners LP reduced its position in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 86.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,078 shares of the company's stock after selling 81,145 shares during the quarter. Woodline Partners LP's holdings in Amplitude were worth $138,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. grew its position in shares of Amplitude by 9.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,996,229 shares of the company's stock worth $94,911,000 after buying an additional 770,227 shares during the period. Sunriver Management LLC grew its position in shares of Amplitude by 24.3% during the 4th quarter. Sunriver Management LLC now owns 3,772,808 shares of the company's stock worth $39,803,000 after buying an additional 737,600 shares during the period. Vanguard Group Inc. grew its position in shares of Amplitude by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 9,189,698 shares of the company's stock worth $96,951,000 after buying an additional 447,277 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Amplitude during the 4th quarter worth about $4,320,000. Finally, Monimus Capital Management LP acquired a new position in shares of Amplitude during the 4th quarter worth about $3,630,000. 73.20% of the stock is owned by institutional investors.

Amplitude Price Performance

NASDAQ:AMPL traded up $0.05 during trading hours on Friday, reaching $12.44. 1,203,126 shares of the stock were exchanged, compared to its average volume of 748,040. Amplitude, Inc. has a twelve month low of $7.37 and a twelve month high of $14.88. The firm has a 50 day moving average of $10.14 and a 200 day moving average of $11.02. The stock has a market cap of $1.23 billion, a PE ratio of -16.16 and a beta of 1.40.

Amplitude (NASDAQ:AMPL - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.16). The company had revenue of $79.95 million during the quarter, compared to analyst estimates of $79.81 million. Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. The company's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 EPS. Equities research analysts anticipate that Amplitude, Inc. will post -0.62 earnings per share for the current year.

Insider Activity

In other news, Director Catherine Wong sold 3,515 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $11.75, for a total value of $41,301.25. Following the completion of the sale, the director now 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Eric Vishria sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $10.15, for a total value of $253,750.00. Following the completion of the sale, the director now directly owns 261,859 shares of the company's stock, valued at approximately $2,657,868.85. The trade was a 8.72% decrease in their position. The disclosure for this sale can be found here. 23.83% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AMPL shares. Citigroup boosted their target price on Amplitude from $11.00 to $15.00 and gave the stock a "neutral" rating in a research report on Monday, February 24th. UBS Group decreased their price objective on Amplitude from $13.00 to $11.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Robert W. Baird decreased their price objective on Amplitude from $17.00 to $14.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and issued a $16.00 price objective on shares of Amplitude in a research report on Tuesday, May 20th. Finally, Piper Sandler upped 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 investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.