AQR Capital Management LLC Sells 31,653 Shares of Amplitude, Inc. (NASDAQ:AMPL)

AQR Capital Management LLC reduced its position in Amplitude, Inc. (NASDAQ:AMPL) by 35.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,678 shares of the company’s stock after selling 31,653 shares during the period. AQR Capital Management LLC’s holdings in Amplitude were worth $513,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Janus Henderson Group PLC raised its position in shares of Amplitude by 3,607.6% in the 1st quarter. Janus Henderson Group PLC now owns 859,723 shares of the company’s stock valued at $9,353,000 after purchasing an additional 836,535 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Amplitude by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 8,107,888 shares of the company’s stock valued at $88,214,000 after purchasing an additional 264,477 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Amplitude by 918.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 194,010 shares of the company’s stock valued at $2,111,000 after purchasing an additional 174,967 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Amplitude by 19.5% in the 2nd quarter. Renaissance Technologies LLC now owns 413,100 shares of the company’s stock valued at $3,677,000 after purchasing an additional 67,500 shares during the last quarter. Finally, TD Asset Management Inc raised its position in shares of Amplitude by 24.2% in the 2nd quarter. TD Asset Management Inc now owns 224,818 shares of the company’s stock valued at $2,001,000 after purchasing an additional 43,780 shares during the last quarter. 73.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AMPL. Robert W. Baird reduced their price target on shares of Amplitude from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. UBS Group dropped their price target on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, Piper Sandler dropped their price target on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.33.

Amplitude Trading Up 1.3 %

Shares of AMPL opened at $8.64 on Tuesday. The firm has a market cap of $1.07 billion, a P/E ratio of -12.71 and a beta of 1.33. The company’s 50-day moving average price is $8.64 and its 200 day moving average price is $8.94. Amplitude, Inc. has a 12-month low of $7.37 and a 12-month high of $14.42.

Amplitude (NASDAQ:AMPL) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.18). The business had revenue of $73.30 million for the quarter, compared to analysts’ expectations of $71.98 million. Amplitude had a negative return on equity of 27.58% and a negative net margin of 28.19%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.17) earnings per share. Equities research analysts forecast that Amplitude, Inc. will post -0.65 earnings per share 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.