Trexquant Investment LP Makes New $1.21 Million Investment in Amplitude, Inc. (NASDAQ:AMPL)

Trexquant Investment LP purchased a new position in Amplitude, Inc. (NASDAQ:AMPL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 114,571 shares of the company's stock, valued at approximately $1,209,000. Trexquant Investment LP owned approximately 0.12% of Amplitude at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AMPL. Headlands Technologies LLC purchased a new stake in shares of Amplitude in the fourth quarter worth about $38,000. KLP Kapitalforvaltning AS bought a new position in shares of Amplitude during the 4th quarter valued at approximately $171,000. ANTIPODES PARTNERS Ltd lifted its position in Amplitude by 90.7% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 18,081 shares of the company's stock worth $191,000 after buying an additional 8,599 shares during the last quarter. New York State Common Retirement Fund increased its position in Amplitude by 79.7% during the fourth quarter. New York State Common Retirement Fund now owns 23,680 shares of the company's stock valued at $250,000 after acquiring an additional 10,500 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Amplitude in the 4th quarter worth about $252,000. Hedge funds and other institutional investors own 73.20% of the company's stock.

Amplitude Stock Performance

NASDAQ AMPL traded down $0.09 during trading hours on Wednesday, reaching $8.41. The stock had a trading volume of 261,608 shares, compared to its average volume of 632,102. The stock has a market cap of $1.09 billion, a P/E ratio of -10.84 and a beta of 1.40. Amplitude, Inc. has a 52-week low of $7.37 and a 52-week high of $14.88. The stock has a fifty day moving average of $11.35 and a 200 day moving average of $10.71.

Amplitude (NASDAQ:AMPL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $76.68 million. On average, equities research analysts forecast that Amplitude, Inc. will post -0.62 EPS for the current year.

Insider Transactions at Amplitude

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

Analysts Set New Price Targets

A number of research analysts have recently commented on AMPL shares. Morgan Stanley upped their target price on Amplitude from $11.00 to $13.00 and gave the company an "equal weight" rating in a research note on Thursday, February 20th. Robert W. Baird upgraded shares of Amplitude from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $12.00 to $17.00 in a research note on Thursday, February 20th. DA Davidson lowered their price objective on shares of Amplitude from $16.00 to $12.00 and set a "buy" rating for the company in a research note on Monday. Bank of America boosted their price objective on shares of Amplitude from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $16.00 price target on shares of Amplitude in a research report on Tuesday, March 11th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.60.

Amplitude Company 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.