XTX Topco Ltd Takes $701,000 Position in Amplitude, Inc. (NASDAQ:AMPL)

XTX Topco Ltd purchased a new stake in Amplitude, Inc. (NASDAQ:AMPL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 66,462 shares of the company's stock, valued at approximately $701,000. XTX Topco Ltd owned about 0.07% of Amplitude at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new stake in Amplitude in the 4th quarter valued at about $38,000. Summit Investment Advisors Inc. lifted its position in shares of Amplitude by 22.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company's stock valued at $86,000 after buying an additional 1,492 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Amplitude in the fourth quarter valued at approximately $171,000. ANTIPODES PARTNERS Ltd lifted its position in shares of Amplitude by 90.7% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 18,081 shares of the company's stock valued at $191,000 after buying an additional 8,599 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of Amplitude by 79.7% in the fourth quarter. New York State Common Retirement Fund now owns 23,680 shares of the company's stock valued at $250,000 after buying an additional 10,500 shares during the last quarter. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on AMPL. Piper Sandler raised their price objective on Amplitude from $15.00 to $17.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Citigroup raised their price objective on Amplitude from $11.00 to $15.00 and gave the company a "neutral" rating in a research report on Monday, February 24th. UBS Group raised their price objective on Amplitude from $10.00 to $13.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Robert W. Baird raised Amplitude from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $12.00 to $17.00 in a research report on Thursday, February 20th. Finally, Morgan Stanley lowered their target price on Amplitude from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Four 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $14.40.

Insiders Place Their Bets

In other news, Director Eric Vishria sold 35,000 shares of Amplitude stock in a transaction on Monday, February 24th. The stock was sold at an average price of $12.80, for a total value of $448,000.00. Following the transaction, the director now owns 286,859 shares in the company, valued at approximately $3,671,795.20. This trade represents a 10.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.80% of the company's stock.

Amplitude Price Performance

Amplitude stock traded up $0.54 during mid-day trading on Wednesday, reaching $8.48. 373,954 shares of the company were exchanged, compared to its average volume of 647,433. The company has a fifty day simple moving average of $10.91 and a 200-day simple moving average of $10.69. Amplitude, Inc. has a 12 month low of $7.37 and a 12 month high of $14.88. The firm has a market cap of $1.10 billion, a PE ratio of -11.01 and a beta of 1.40.

Amplitude (NASDAQ:AMPL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported ($0.26) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.27). Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. The company had revenue of $78.13 million for the quarter, compared to the consensus estimate of $76.68 million. Sell-side analysts anticipate that Amplitude, Inc. will post -0.62 earnings per share for the current year.

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.