CenterBook Partners LP Sells 299,733 Shares of Amplitude, Inc. $AMPL

CenterBook Partners LP reduced its position in shares of Amplitude, Inc. (NASDAQ:AMPL) by 49.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308,537 shares of the company’s stock after selling 299,733 shares during the period. CenterBook Partners LP owned approximately 0.30% of Amplitude worth $3,826,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. boosted its stake in Amplitude by 1.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 9,091,044 shares of the company’s stock valued at $92,638,000 after buying an additional 94,815 shares during the period. Sunriver Management LLC boosted its position in shares of Amplitude by 2.1% during the 1st quarter. Sunriver Management LLC now owns 3,850,928 shares of the company’s stock valued at $39,241,000 after acquiring an additional 78,120 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Amplitude by 7.4% during the second quarter. Geode Capital Management LLC now owns 2,158,379 shares of the company’s stock worth $26,767,000 after purchasing an additional 148,247 shares in the last quarter. Baillie Gifford & Co. bought a new position in shares of Amplitude in the first quarter worth approximately $20,292,000. Finally, Goldman Sachs Group Inc. raised its stake in Amplitude by 60.0% in the first quarter. Goldman Sachs Group Inc. now owns 473,491 shares of the company’s stock valued at $4,825,000 after purchasing an additional 177,599 shares in the last quarter. Institutional investors own 73.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Needham & Company LLC boosted their price target on shares of Amplitude from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. UBS Group upgraded shares of Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Friday, October 31st. DA Davidson restated a “buy” rating and set a $16.00 price target on shares of Amplitude in a research report on Monday, September 29th. Piper Sandler reaffirmed an “overweight” rating and set a $16.00 price target on shares of Amplitude in a research note on Thursday, November 6th. Finally, Robert W. Baird reduced their price objective on Amplitude from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.40.

Insiders Place Their Bets

In other Amplitude news, Director Erica Schultz sold 10,000 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $10.23, for a total value of $102,300.00. Following the transaction, the director owned 107,406 shares in the company, valued at approximately $1,098,763.38. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Spenser Skates sold 400,000 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $10.99, for a total transaction of $4,396,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 430,000 shares of company stock valued at $4,710,100 in the last quarter. Insiders own 23.83% of the company’s stock.

Amplitude Trading Up 1.1%

NASDAQ AMPL opened at $10.04 on Friday. The firm has a market cap of $1.34 billion, a PE ratio of -12.55 and a beta of 1.51. Amplitude, Inc. has a 1-year low of $7.55 and a 1-year high of $14.88. The stock has a 50-day moving average of $10.44 and a 200-day moving average of $11.45.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. Amplitude had a negative return on equity of 36.27% and a negative net margin of 31.36%.The business had revenue of $88.56 million for the quarter, compared to analyst estimates of $86.29 million. During the same period last year, the company earned $0.03 EPS. Amplitude’s revenue for the quarter was up 17.8% compared to the same quarter last year. Amplitude has set its FY 2025 guidance at 0.060-0.08 EPS. Q4 2025 guidance at 0.040-0.05 EPS. As a group, equities research analysts forecast that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

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.