Squarepoint Ops LLC grew its stake in shares of Amplitude, Inc. (NASDAQ:AMPL – Free Report) by 43.4% during the second quarter, Holdings Channel reports. The institutional investor owned 1,021,647 shares of the company’s stock after acquiring an additional 309,252 shares during the period. Squarepoint Ops LLC’s holdings in Amplitude were worth $7,816,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Alliancebernstein L.P. boosted its holdings in shares of Amplitude by 2,126.0% in the second quarter. Alliancebernstein L.P. now owns 4,160,481 shares of the company’s stock valued at $51,590,000 after acquiring an additional 3,973,575 shares in the last quarter. Wellington Management Group LLP raised its holdings in Amplitude by 783.5% during the third quarter. Wellington Management Group LLP now owns 2,026,598 shares of the company’s stock worth $21,725,000 after purchasing an additional 1,797,228 shares in the last quarter. California State Teachers Retirement System lifted its position in Amplitude by 716.4% in the second quarter. California State Teachers Retirement System now owns 718,037 shares of the company’s stock worth $5,493,000 after purchasing an additional 630,086 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Amplitude during the 1st quarter valued at $3,930,000. Finally, Dimensional Fund Advisors LP boosted its stake in Amplitude by 368.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 617,713 shares of the company’s stock valued at $4,213,000 after purchasing an additional 485,752 shares in the last quarter. 73.20% of the stock is owned by institutional investors and hedge funds.
Amplitude Stock Performance
NASDAQ AMPL opened at $12.46 on Friday. Amplitude, Inc. has a 1 year low of $5.51 and a 1 year high of $14.76. The business’s fifty day moving average is $11.11 and its two-hundred day moving average is $8.44. The stock has a market capitalization of $1.26 billion, a P/E ratio of -16.61 and a beta of 1.50.
Insider Buying and Selling at Amplitude
In related news, insider Nathaniel Glenn Crook sold 300,000 shares of Amplitude stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $12.99, for a total value of $3,897,000.00. Following the transaction, the insider owned 1,622,696 shares of the company’s stock, valued at approximately $21,078,821.04. This trade represents a 15.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 21.59% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on AMPL. BTIG Research boosted their price objective on Amplitude from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. UBS Group raised their target price on Amplitude from $8.50 to $13.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Morgan Stanley lifted their target price on Amplitude from $12.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Citigroup boosted their price target on shares of Amplitude from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, Raymond James Financial began coverage on shares of Amplitude in a research report on Tuesday, June 30th. They set a “strong-buy” rating and a $10.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.55.
Get Our Latest Stock Report on AMPL
Amplitude Company Profile
Amplitude, Inc is a software company specializing in digital analytics and product intelligence solutions for businesses seeking to optimize user engagement and drive growth. Its core offering, the Amplitude Analytics platform, enables customers to collect and analyze behavioral data from web and mobile applications in real time. The platform provides advanced segmentation, funnel analysis, retention tracking and pathfinding tools that help product, marketing and data teams understand user journeys, identify friction points and measure the impact of new features.
Founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang, Amplitude is headquartered in Redwood City, California, with additional offices spanning North America, Europe and Asia.
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