CenterBook Partners LP Cuts Stock Position in Amplitude, Inc. (NASDAQ:AMPL)

CenterBook Partners LP cut its stake in shares of Amplitude, Inc. (NASDAQ:AMPL) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 738,504 shares of the company’s stock after selling 51,574 shares during the quarter. CenterBook Partners LP owned 0.78% of Amplitude worth $7,791,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMPL. Renaissance Technologies LLC lifted its stake in shares of Amplitude by 3.9% in the 4th quarter. Renaissance Technologies LLC now owns 219,500 shares of the company’s stock worth $2,316,000 after acquiring an additional 8,200 shares during the period. Legal & General Group Plc lifted its position in Amplitude by 2.6% in the fourth quarter. Legal & General Group Plc now owns 82,998 shares of the company’s stock valued at $876,000 after purchasing an additional 2,111 shares during the period. Wells Fargo & Company MN boosted its holdings in Amplitude by 48.1% in the 4th quarter. Wells Fargo & Company MN now owns 39,988 shares of the company’s stock valued at $422,000 after purchasing an additional 12,983 shares in the last quarter. Trexquant Investment LP acquired a new position in Amplitude during the 4th quarter worth approximately $1,209,000. Finally, Headlands Technologies LLC purchased a new position in shares of Amplitude during the 4th quarter worth approximately $38,000. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amplitude

In other Amplitude news, Director Eric Vishria sold 35,000 shares of Amplitude 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 completion of the sale, the director now owns 286,859 shares in the company, valued at $3,671,795.20. The trade was a 10.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.80% of the company’s stock.

Amplitude Trading Down 5.1 %

Shares of AMPL stock opened at $8.48 on Wednesday. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -11.01 and a beta of 1.40. The firm has a 50-day moving average price of $11.74 and a 200 day moving average price of $10.71. Amplitude, Inc. has a twelve month low of $7.37 and a twelve month high of $14.88.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings data on Wednesday, February 19th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.27). Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. The firm had revenue of $78.13 million during the quarter, compared to analyst estimates of $76.68 million. As a group, research analysts predict that Amplitude, Inc. will post -0.62 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMPL. DA Davidson reaffirmed a “buy” rating and set a $16.00 price objective on shares of Amplitude in a report on Tuesday, March 11th. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price target on shares of Amplitude in a report on Tuesday, March 11th. Morgan Stanley boosted their price objective on shares of Amplitude from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Thursday, February 20th. Baird R W raised Amplitude from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 20th. Finally, KeyCorp raised Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price target for the company in a research note on Friday, December 13th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Amplitude presently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

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.