CenterBook Partners LP Reduces Stake in Amplitude, Inc. (NASDAQ:AMPL)

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

Other institutional investors and hedge funds have also bought and sold shares of the company. Renaissance Technologies LLC lifted its position in shares of Amplitude by 3.9% during the 4th quarter. Renaissance Technologies LLC now owns 219,500 shares of the company's stock valued at $2,316,000 after buying an additional 8,200 shares during the last quarter. Legal & General Group Plc raised its stake in Amplitude by 2.6% in the 4th quarter. Legal & General Group Plc now owns 82,998 shares of the company's stock valued at $876,000 after acquiring an additional 2,111 shares during the period. Wells Fargo & Company MN lifted its holdings in Amplitude by 48.1% during the fourth 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 during the last quarter. Trexquant Investment LP bought a new position in Amplitude during the fourth quarter worth about $1,209,000. Finally, Headlands Technologies LLC purchased a new position in shares of Amplitude in the fourth quarter worth about $38,000. 73.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. UBS Group upped their price target on shares of Amplitude from $10.00 to $13.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Morgan Stanley increased their target price on Amplitude from $11.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 20th. Baird R W upgraded Amplitude from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 20th. Needham & Company LLC reiterated a "buy" rating and set a $16.00 price objective on shares of Amplitude in a research note on Tuesday, March 11th. Finally, Piper Sandler raised their target price on Amplitude from $15.00 to $17.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.00.

Amplitude Trading Down 2.4 %

Shares of AMPL traded down $0.21 during trading hours on Monday, reaching $8.56. 218,341 shares of the company's stock traded hands, compared to its average volume of 628,819. The firm's 50 day simple moving average is $11.50 and its 200-day simple moving average is $10.73. The stock has a market cap of $1.11 billion, a PE ratio of -11.12 and a beta of 1.40. Amplitude, Inc. has a 12 month low of $7.37 and a 12 month high of $14.88.

Amplitude (NASDAQ:AMPL - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.27). The company had revenue of $78.13 million for the quarter, compared to the consensus estimate of $76.68 million. Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. As a group, analysts expect that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Eric Vishria sold 35,000 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $12.80, for a total transaction of $448,000.00. Following the completion of the sale, the director now directly owns 286,859 shares in the company, valued at $3,671,795.20. This represents a 10.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 4.80% of the company's stock.

Amplitude 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.