172,684 Shares in Amplitude, Inc. (NASDAQ:AMPL) Bought by Readystate Asset Management LP

Readystate Asset Management LP acquired a new position in Amplitude, Inc. (NASDAQ:AMPL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 172,684 shares of the company’s stock, valued at approximately $2,197,000. Readystate Asset Management LP owned approximately 0.15% of Amplitude at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AMPL. Bank of New York Mellon Corp lifted its position in Amplitude by 17.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,024,965 shares of the company’s stock worth $11,859,000 after acquiring an additional 149,397 shares during the last quarter. M&T Bank Corp acquired a new position in Amplitude during the 3rd quarter worth $409,000. Vanguard Group Inc. lifted its position in Amplitude by 17.9% during the 3rd quarter. Vanguard Group Inc. now owns 7,737,795 shares of the company’s stock worth $89,526,000 after acquiring an additional 1,177,465 shares during the last quarter. Algert Global LLC lifted its position in Amplitude by 41.0% during the 3rd quarter. Algert Global LLC now owns 203,367 shares of the company’s stock worth $2,353,000 after acquiring an additional 59,177 shares during the last quarter. Finally, FMR LLC lifted its position in Amplitude by 15.1% during the 3rd quarter. FMR LLC now owns 2,949,218 shares of the company’s stock worth $34,122,000 after acquiring an additional 386,413 shares during the last quarter. 73.20% of the stock is currently owned by institutional investors.

Amplitude Trading Down 1.9 %

NASDAQ AMPL traded down $0.18 on Wednesday, reaching $9.49. The company’s stock had a trading volume of 243,495 shares, compared to its average volume of 445,180. The firm has a market cap of $1.14 billion, a PE ratio of -12.17 and a beta of 1.36. The business has a 50-day moving average price of $11.53 and a 200 day moving average price of $11.58. Amplitude, Inc. has a 52 week low of $8.50 and a 52 week high of $14.42.

Amplitude (NASDAQ:AMPL) last posted its earnings results on Tuesday, February 20th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The business had revenue of $71.40 million during the quarter, compared to the consensus estimate of $71.56 million. Amplitude had a negative net margin of 32.71% and a negative return on equity of 27.73%. Analysts anticipate that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Citigroup cut their target price on shares of Amplitude from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, February 21st. Scotiabank lowered shares of Amplitude from a “sector outperform” rating to a “sector perform” rating and set a $12.00 price objective for the company. in a research report on Wednesday, February 21st. Piper Sandler reaffirmed a “neutral” rating and set a $11.00 price objective on shares of Amplitude in a research report on Wednesday, February 21st. KeyCorp started coverage on shares of Amplitude in a research report on Thursday, March 21st. They set a “sector weight” rating for the company. Finally, Morgan Stanley cut their price objective on shares of Amplitude from $12.00 to $10.00 and set an “underweight” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.50.

Insider Activity at Amplitude

In other Amplitude news, Director Catherine Wong sold 3,515 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $11.97, for a total transaction of $42,074.55. Following the sale, the director now directly owns 86,335 shares of the company’s stock, valued at $1,033,429.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 28.71% of the stock is currently owned by insiders.

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.