Monimus Capital Management LP Acquires Shares of 344,103 Amplitude, Inc. (NASDAQ:AMPL)

Monimus Capital Management LP purchased a new position in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 344,103 shares of the company's stock, valued at approximately $3,630,000. Amplitude makes up about 3.4% of Monimus Capital Management LP's holdings, making the stock its 9th largest position. Monimus Capital Management LP owned about 0.36% of Amplitude as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of AMPL. ArrowMark Colorado Holdings LLC boosted its position in Amplitude by 56.6% in the third quarter. ArrowMark Colorado Holdings LLC now owns 1,482,738 shares of the company's stock valued at $13,300,000 after buying an additional 535,624 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Amplitude by 524.9% during the third quarter. Cerity Partners LLC now owns 460,624 shares of the company's stock valued at $4,132,000 after acquiring an additional 386,915 shares during the last quarter. Circumference Group LLC acquired a new position in shares of Amplitude during the third quarter worth $1,597,000. Kera Capital Partners Inc. bought a new stake in shares of Amplitude in the fourth quarter worth $1,498,000. Finally, Savant Capital LLC acquired a new stake in Amplitude in the fourth quarter valued at $1,455,000. 73.20% of the stock is owned by institutional investors and hedge funds.

Amplitude Stock Down 4.3 %

AMPL traded down $0.52 during trading hours on Wednesday, hitting $11.64. The stock had a trading volume of 1,400,995 shares, compared to its average volume of 532,310. Amplitude, Inc. has a 1 year low of $7.37 and a 1 year high of $14.88. The company's fifty day simple moving average is $11.93 and its 200 day simple moving average is $10.54. The stock has a market cap of $1.51 billion, a PE ratio of -15.12 and a beta of 1.35.

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Amplitude (NASDAQ:AMPL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported ($0.26) EPS 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 business had revenue of $78.13 million for the quarter, compared to analysts' expectations of $76.68 million. As a group, equities analysts expect that Amplitude, Inc. will post -0.62 EPS for the current year.

Insider Activity at Amplitude

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. 4.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Needham & Company LLC reissued a "buy" rating and set a $16.00 target price on shares of Amplitude in a research report on Tuesday, March 11th. Piper Sandler upped their price target on shares of Amplitude from $15.00 to $17.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Morgan Stanley lifted their price objective on Amplitude from $11.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 20th. Citigroup upped their target price on Amplitude from $11.00 to $15.00 and gave the company a "neutral" rating in a research report on Monday, February 24th. Finally, KeyCorp raised Amplitude from a "sector weight" rating to an "overweight" rating and set a $15.00 price target on the stock in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $15.00.

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.