Optimus Prime Fund Management Co. Ltd. Buys 190,000 Shares of Amplitude, Inc. (NASDAQ:AMPL)

Optimus Prime Fund Management Co. Ltd. boosted its position in shares of Amplitude, Inc. (NASDAQ:AMPL) by 14.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,515,100 shares of the company’s stock after purchasing an additional 190,000 shares during the quarter. Amplitude accounts for about 2.4% of Optimus Prime Fund Management Co. Ltd.’s investment portfolio, making the stock its 12th biggest holding. Optimus Prime Fund Management Co. Ltd. owned about 1.27% of Amplitude worth $19,272,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AMPL. Vishria Bird Financial Group LLC boosted its holdings in shares of Amplitude by 0.4% in the fourth quarter. Vishria Bird Financial Group LLC now owns 198,557 shares of the company’s stock valued at $2,526,000 after buying an additional 885 shares during the period. Arizona State Retirement System raised its position in shares of Amplitude by 8.6% in the fourth quarter. Arizona State Retirement System now owns 17,278 shares of the company’s stock valued at $220,000 after purchasing an additional 1,362 shares during the period. Spouting Rock Asset Management LLC raised its position in shares of Amplitude by 12.1% in the third quarter. Spouting Rock Asset Management LLC now owns 16,021 shares of the company’s stock valued at $185,000 after purchasing an additional 1,724 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Amplitude by 22.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,885 shares of the company’s stock valued at $151,000 after purchasing an additional 2,170 shares during the period. Finally, Parallel Advisors LLC raised its position in shares of Amplitude by 10.1% in the fourth quarter. Parallel Advisors LLC now owns 29,244 shares of the company’s stock valued at $372,000 after purchasing an additional 2,678 shares during the period. Institutional investors and hedge funds own 73.20% of the company’s stock.

Amplitude Stock Performance

Shares of NASDAQ:AMPL traded down $0.16 during mid-day trading on Friday, hitting $8.31. The company had a trading volume of 705,889 shares, compared to its average volume of 1,040,759. The firm has a fifty day moving average price of $9.65 and a 200 day moving average price of $11.30. Amplitude, Inc. has a one year low of $8.26 and a one year high of $14.42.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.18) earnings per share for the quarter, meeting the consensus estimate of ($0.18). The company had revenue of $72.62 million during the quarter, compared to analyst estimates of $72.25 million. Amplitude had a negative net margin of 30.28% and a negative return on equity of 26.15%. As a group, sell-side analysts anticipate that Amplitude, Inc. will post -0.61 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AMPL shares. Citigroup dropped their price objective on shares of Amplitude from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 21st. Piper Sandler restated a “neutral” rating and issued a $11.00 price target on shares of Amplitude in a research note on Wednesday, February 21st. UBS Group reduced their price target on shares of Amplitude from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. 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 report on Wednesday, February 21st. Finally, Morgan Stanley dropped their price objective on shares of Amplitude from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.20.

Insider Activity at Amplitude

In other Amplitude news, Director Catherine Wong sold 3,515 shares of Amplitude stock in a transaction on Friday, May 17th. The shares were sold at an average price of $9.16, for a total transaction of $32,197.40. Following the transaction, the director now directly owns 82,820 shares of the company’s stock, valued at approximately $758,631.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.