Amplitude, Inc. (NASDAQ:AMPL) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its stake in shares of Amplitude, Inc. (NASDAQ:AMPL) by 42.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 557,247 shares of the company’s stock after selling 417,293 shares during the period. Deutsche Bank AG’s holdings in Amplitude were worth $5,879,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMPL. Headlands Technologies LLC purchased a new stake in shares of Amplitude during the 4th quarter worth approximately $38,000. Aquatic Capital Management LLC raised its holdings in Amplitude by 176.5% during the fourth quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company’s stock worth $44,000 after purchasing an additional 2,647 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Amplitude by 255.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company’s stock worth $75,000 after purchasing an additional 5,100 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in Amplitude by 22.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company’s stock valued at $86,000 after purchasing an additional 1,492 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in Amplitude in the fourth quarter valued at $121,000. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price objective on shares of Amplitude in a research report on Thursday, May 8th. Citigroup increased their price target on shares of Amplitude from $11.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Piper Sandler lifted their price objective on Amplitude from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. UBS Group lowered their target price on Amplitude from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Finally, Scotiabank cut their price target on Amplitude from $12.00 to $10.00 and set a “sector perform” rating for the company in a report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.60.

Insider Transactions at Amplitude

In other Amplitude news, Director Eric Vishria sold 35,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 23.83% of the company’s stock.

Amplitude Stock Up 0.4%

Shares of NASDAQ AMPL opened at $12.19 on Monday. The stock has a market capitalization of $1.20 billion, a PE ratio of -15.83 and a beta of 1.40. The firm has a fifty day moving average of $10.05 and a 200-day moving average of $10.86. Amplitude, Inc. has a 52-week low of $7.37 and a 52-week 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 (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.16). Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. The business had revenue of $79.95 million during the quarter, compared to analyst estimates of $79.81 million. During the same period in the previous year, the company earned $0.01 EPS. Amplitude’s revenue was up 10.1% on a year-over-year basis. Equities research analysts expect that Amplitude, Inc. will post -0.62 EPS for the current fiscal year.

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.