Pathway Capital Management LP Grows Stock Position in Amplitude, Inc. $AMPL

Pathway Capital Management LP increased its holdings in shares of Amplitude, Inc. (NASDAQ:AMPL) by 28.4% during the second quarter, Holdings Channel reports. The fund owned 216,386 shares of the company’s stock after purchasing an additional 47,912 shares during the period. Amplitude makes up about 2.9% of Pathway Capital Management LP’s portfolio, making the stock its 7th biggest position. Pathway Capital Management LP’s holdings in Amplitude were worth $2,683,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Liberty Mutual Group Asset Management Inc. bought a new stake in Amplitude during the 1st quarter worth approximately $947,000. Principal Financial Group Inc. bought a new stake in Amplitude during the 1st quarter worth approximately $1,586,000. Quantbot Technologies LP acquired a new position in Amplitude during the 1st quarter worth $671,000. Wealth Enhancement Advisory Services LLC acquired a new position in Amplitude during the 1st quarter worth $107,000. Finally, Nuveen LLC acquired a new position in Amplitude during the 1st quarter worth $2,526,000. 73.20% of the stock is currently owned by institutional investors.

Amplitude Stock Up 0.1%

AMPL stock opened at $9.75 on Friday. The business’s fifty day moving average is $10.78 and its 200-day moving average is $11.27. The company has a market cap of $995.57 million, a P/E ratio of -12.83 and a beta of 1.52. Amplitude, Inc. has a twelve month low of $7.55 and a twelve month high of $14.88.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $83.27 million for the quarter, compared to the consensus estimate of $81.29 million. Amplitude had a negative return on equity of 33.08% and a negative net margin of 30.43%.The business’s revenue for the quarter was up 13.6% on a year-over-year basis. Research analysts anticipate that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on AMPL shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amplitude in a report on Wednesday, October 8th. Piper Sandler upped their price objective on Amplitude from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Needham & Company LLC upped their price objective on Amplitude from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. DA Davidson reaffirmed a “buy” rating and set a $16.00 price objective on shares of Amplitude in a report on Monday, September 29th. Finally, Benchmark reaffirmed a “buy” rating on shares of Amplitude in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Amplitude currently has an average rating of “Moderate Buy” and an average price target of $14.20.

Insider Buying and Selling at Amplitude

In other news, Director Erica Schultz sold 10,000 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $10.12, for a total value of $101,200.00. Following the transaction, the director owned 107,406 shares of the company’s stock, valued at $1,086,948.72. This represents a 8.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 27,500 shares of company stock valued at $297,750. Corporate insiders own 23.83% of the company’s stock.

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.