Occudo Quantitative Strategies LP Purchases 832 Shares of Amplitude, Inc. (NASDAQ:AMPL)

Occudo Quantitative Strategies LP grew its position in shares of Amplitude, Inc. (NASDAQ:AMPL) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,365 shares of the company’s stock after buying an additional 832 shares during the period. Occudo Quantitative Strategies LP’s holdings in Amplitude were worth $436,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AMPL. T. Rowe Price Investment Management Inc. increased its position in 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 increased its position in 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. increased its position in 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. Monimus Capital Management LP bought a new position in Amplitude during the 4th quarter worth $3,630,000. Finally, JPMorgan Chase & Co. increased its position in Amplitude by 265.5% during the 4th quarter. JPMorgan Chase & Co. now owns 307,225 shares of the company’s stock worth $3,241,000 after buying an additional 223,175 shares during the period. Institutional investors own 73.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMPL has been the topic of several recent research reports. DA Davidson lowered their price objective on Amplitude from $16.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Morgan Stanley raised their price target on Amplitude from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, May 9th. Citigroup raised their price target on Amplitude from $11.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Scotiabank decreased their price target on Amplitude from $12.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 24th. Finally, Baird R W upgraded Amplitude from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.60.

Amplitude Stock Down 1.4%

NASDAQ:AMPL opened at $12.14 on Friday. The stock’s 50-day simple moving average is $10.05 and its 200 day simple moving average is $10.81. The firm has a market capitalization of $1.20 billion, a PE ratio of -15.77 and a beta of 1.40. Amplitude, Inc. has a twelve month low of $7.37 and a twelve month high of $14.88.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.16). The business 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 business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the business earned $0.01 earnings per share. On average, analysts anticipate that Amplitude, Inc. will post -0.62 EPS for the current fiscal year.

Insider Activity at Amplitude

In related news, Director Eric Vishria sold 35,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $12.80, for a total value of $448,000.00. Following the sale, the director now directly owns 286,859 shares of the company’s stock, valued at $3,671,795.20. This trade represents a 10.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 23.83% of the stock is currently 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.