Amplitude (NASDAQ:AMPL) Shares Gap Down – What’s Next?

Shares of Amplitude, Inc. (NASDAQ:AMPL) gapped down before the market opened on Wednesday . The stock had previously closed at $10.81, but opened at $10.58. Amplitude shares last traded at $10.58, with a volume of 843 shares trading hands.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Scotiabank boosted their price objective on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. UBS Group reduced their price objective on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Robert W. Baird lifted their target price on shares of Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Piper Sandler increased their price target on Amplitude from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.00.

Amplitude Stock Down 1.3 %

The company has a market capitalization of $987.53 million, a PE ratio of -15.58 and a beta of 1.31. The company’s 50 day moving average is $9.34 and its two-hundred day moving average is $8.88.

Insider Activity

In other news, Director Eric Vishria sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $10.18, for a total transaction of $254,500.00. Following the sale, the director now directly owns 286,208 shares of the company’s stock, valued at $2,913,597.44. This represents a 8.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Amplitude

Several large investors have recently bought and sold shares of the business. Barclays PLC lifted its position in Amplitude by 371.7% during the third quarter. Barclays PLC now owns 128,537 shares of the company’s stock valued at $1,153,000 after purchasing an additional 101,289 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Amplitude by 7.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,903,531 shares of the company’s stock valued at $17,078,000 after acquiring an additional 126,056 shares during the last quarter. M&T Bank Corp grew its position in Amplitude by 86.8% in the third quarter. M&T Bank Corp now owns 156,688 shares of the company’s stock worth $1,405,000 after acquiring an additional 72,806 shares in the last quarter. Circumference Group LLC purchased a new stake in Amplitude during the third quarter valued at approximately $1,597,000. Finally, ArrowMark Colorado Holdings LLC lifted its stake in shares of Amplitude by 56.6% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,482,738 shares of the company’s stock valued at $13,300,000 after purchasing an additional 535,624 shares during the last quarter. Institutional investors own 73.20% of the company’s stock.

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.