Monimus Capital Management LP Makes New $3.63 Million Investment in Amplitude, Inc. (NASDAQ:AMPL)

Monimus Capital Management LP purchased a new position in Amplitude, Inc. (NASDAQ:AMPL) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 344,103 shares of the company’s stock, valued at approximately $3,630,000. Amplitude accounts for 3.4% of Monimus Capital Management LP’s portfolio, making the stock its 9th biggest holding. Monimus Capital Management LP owned about 0.36% of Amplitude at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMPL. Intech Investment Management LLC acquired a new position in shares of Amplitude in the 3rd quarter valued at approximately $128,000. ANTIPODES PARTNERS Ltd raised its position in shares of Amplitude by 90.7% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 18,081 shares of the company’s stock valued at $191,000 after purchasing an additional 8,599 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Amplitude by 19.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,146 shares of the company’s stock valued at $199,000 after purchasing an additional 3,552 shares in the last quarter. Quantbot Technologies LP raised its position in shares of Amplitude by 21.5% in the 3rd quarter. Quantbot Technologies LP now owns 24,390 shares of the company’s stock valued at $219,000 after purchasing an additional 4,309 shares in the last quarter. Finally, MQS Management LLC raised its position in shares of Amplitude by 38.2% in the 3rd quarter. MQS Management LLC now owns 25,729 shares of the company’s stock valued at $231,000 after purchasing an additional 7,112 shares in the last quarter. Hedge funds and other institutional investors own 73.20% of the company’s stock.

Insider Activity at Amplitude

In related news, Director Eric Vishria sold 3,563 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $12.00, for a total transaction of $42,756.00. Following the completion of the transaction, the director now owns 276,208 shares of the company’s stock, valued at $3,314,496. This trade represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 4.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AMPL has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 target price on shares of Amplitude in a research report on Tuesday. UBS Group upped their price target on Amplitude from $10.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Robert W. Baird raised Amplitude from a “neutral” rating to an “outperform” rating and upped their price target for the company from $12.00 to $17.00 in a research report on Thursday, February 20th. Baird R W raised Amplitude from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 20th. Finally, DA Davidson reissued a “buy” rating and set a $16.00 price target on shares of Amplitude in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Amplitude has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Amplitude Stock Performance

NASDAQ:AMPL opened at $11.75 on Friday. Amplitude, Inc. has a 1 year low of $7.37 and a 1 year high of $14.88. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of -15.26 and a beta of 1.35. The business has a fifty day moving average of $11.89 and a 200-day moving average of $10.48.

Amplitude (NASDAQ:AMPL) last released 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 return on equity of 32.24% and a negative net margin of 31.52%. The business had revenue of $78.13 million during the quarter, compared to the consensus estimate of $76.68 million. On average, equities research analysts predict that Amplitude, Inc. will post -0.62 EPS for the current year.

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.