Aquatic Capital Management LLC Has $44,000 Stock Holdings in Amplitude, Inc. (NASDAQ:AMPL)

Aquatic Capital Management LLC increased its stake in Amplitude, Inc. (NASDAQ:AMPL) by 176.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,147 shares of the company’s stock after acquiring an additional 2,647 shares during the quarter. Aquatic Capital Management LLC’s holdings in Amplitude were worth $44,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC bought a new position in Amplitude during the 4th quarter worth approximately $990,000. T. Rowe Price Investment Management Inc. raised its stake in Amplitude by 9.4% during the fourth 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 last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Amplitude by 24.2% in the fourth 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 during the period. Dark Forest Capital Management LP bought a new stake in Amplitude during the fourth quarter valued at $121,000. Finally, MetLife Investment Management LLC grew its holdings in Amplitude by 11.3% during the 4th quarter. MetLife Investment Management LLC now owns 47,503 shares of the company’s stock worth $501,000 after acquiring an additional 4,839 shares during the period. 73.20% of the stock is currently owned by institutional investors.

Amplitude Trading Down 0.5 %

Amplitude stock opened at $9.37 on Wednesday. The firm’s fifty day moving average price is $10.21 and its two-hundred day moving average price is $10.72. The firm has a market capitalization of $925.45 million, a price-to-earnings ratio of -12.17 and a beta of 1.40. Amplitude, Inc. has a 1-year low of $7.37 and a 1-year high of $14.88.

Amplitude (NASDAQ:AMPL) last issued 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). The company had revenue of $78.13 million for the quarter, compared to the consensus estimate of $76.68 million. Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. On average, research analysts forecast that Amplitude, Inc. will post -0.62 EPS for the current year.

Insider Buying and Selling

In other Amplitude news, Director Eric Vishria sold 35,000 shares of Amplitude stock in a transaction on Monday, February 24th. The shares were sold at an average price of $12.80, for a total transaction of $448,000.00. Following the transaction, the director now directly owns 286,859 shares of the company’s stock, valued at $3,671,795.20. The trade was a 10.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Piper Sandler dropped their price objective on Amplitude from $17.00 to $14.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price target on shares of Amplitude in a research note on Wednesday, April 23rd. Bank of America raised their price objective on shares of Amplitude from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. UBS Group boosted their target price on shares of Amplitude from $10.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Finally, Citigroup raised their price target on shares of Amplitude from $11.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.90.

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.