Monimus Capital Management LP Takes Position in Amplitude, Inc. (NASDAQ:AMPL)

Monimus Capital Management LP purchased a new stake in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) in the fourth quarter, according to its most recent 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 3.4% of Monimus Capital Management LP's investment portfolio, making the stock its 9th largest position. Monimus Capital Management LP owned approximately 0.36% of Amplitude at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. ArrowMark Colorado Holdings LLC grew 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 worth $13,300,000 after acquiring an additional 535,624 shares in the last quarter. Cerity Partners LLC grew its position in Amplitude by 524.9% in the third quarter. Cerity Partners LLC now owns 460,624 shares of the company's stock worth $4,132,000 after acquiring an additional 386,915 shares in the last quarter. Circumference Group LLC purchased a new position in Amplitude in the third quarter worth $1,597,000. Kera Capital Partners Inc. purchased a new position in Amplitude in the fourth quarter worth $1,498,000. Finally, Savant Capital LLC purchased a new position in Amplitude in the fourth quarter worth $1,455,000. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMPL has been the subject of several research reports. Needham & Company LLC reiterated a "buy" rating and issued a $16.00 target price on shares of Amplitude in a research report on Tuesday, March 11th. Citigroup boosted their price target on shares of Amplitude from $11.00 to $15.00 and gave the stock a "neutral" rating in a research note on Monday, February 24th. KeyCorp raised shares of 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. Robert W. Baird raised shares of Amplitude from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $12.00 to $17.00 in a research note on Thursday, February 20th. Finally, Piper Sandler boosted their price target on shares of 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $15.00.

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Amplitude Stock Performance

Shares of NASDAQ AMPL traded up $0.35 during midday trading on Friday, hitting $11.75. 779,436 shares of the company traded hands, compared to its average volume of 526,984. Amplitude, Inc. has a 12-month low of $7.37 and a 12-month high of $14.88. The stock has a 50-day moving average price of $11.89 and a 200 day moving average price of $10.50. The firm has a market cap of $1.52 billion, a P/E ratio of -15.26 and a beta of 1.35.

Amplitude (NASDAQ:AMPL - Get Free Report) last announced its quarterly 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 analysts' expectations 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, equities analysts expect that Amplitude, Inc. will post -0.62 earnings per share for the current year.

Insiders Place Their Bets

In other Amplitude news, Director Eric Vishria sold 3,563 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $12.00, for a total value of $42,756.00. Following the sale, the director now owns 276,208 shares in the company, valued at approximately $3,314,496. This represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.