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

Trexquant Investment LP bought a new position in shares of Amplitude, Inc. (NASDAQ:AMPL) during the 4th quarter, Holdings Channel reports. The firm bought 114,571 shares of the company’s stock, valued at approximately $1,209,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Headlands Technologies LLC acquired a new position in Amplitude during the 4th quarter worth about $38,000. KLP Kapitalforvaltning AS bought a new position in shares of Amplitude in the fourth quarter worth about $171,000. ANTIPODES PARTNERS Ltd lifted its position in shares of Amplitude by 90.7% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 18,081 shares of the company’s stock worth $191,000 after purchasing an additional 8,599 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of 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 purchasing an additional 10,500 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Amplitude in the fourth quarter valued at approximately $252,000. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Amplitude Stock Performance

Shares of NASDAQ AMPL opened at $9.01 on Friday. Amplitude, Inc. has a 52-week low of $7.37 and a 52-week high of $14.88. The stock has a market cap of $1.17 billion, a P/E ratio of -11.70 and a beta of 1.40. The firm has a 50 day moving average price of $11.57 and a 200 day moving average price of $10.71.

Amplitude (NASDAQ:AMPL) 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). Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. The firm had revenue of $78.13 million during the quarter, compared to analyst estimates of $76.68 million. Analysts predict that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AMPL. KeyCorp raised Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price objective on the stock in a report on Friday, December 13th. Robert W. Baird upgraded Amplitude from a “neutral” rating to an “outperform” rating and raised their price target for the company from $12.00 to $17.00 in a report on Thursday, February 20th. UBS Group boosted their price objective on Amplitude from $10.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Bank of America upped their target price on shares of Amplitude from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Finally, DA Davidson reiterated a “buy” rating and set 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 issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amplitude presently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Insider Buying and Selling at Amplitude

In other news, Director Eric Vishria sold 35,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $12.80, for a total transaction of $448,000.00. Following 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.80% of the company’s stock.

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.