Amplitude, Inc. (NASDAQ:AMPL – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $10.21, but opened at $10.61. Amplitude shares last traded at $10.27, with a volume of 43,567 shares changing hands.
Analysts Set New Price Targets
Several equities research analysts have weighed in on AMPL shares. Robert W. Baird upped their target price on Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Scotiabank upped their price objective on shares of Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. KeyCorp raised shares of Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 target price on the stock in a research report on Friday, December 13th. Piper Sandler upgraded shares of Amplitude from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $11.00 to $15.00 in a report on Monday, January 6th. Finally, Morgan Stanley upgraded shares of Amplitude from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $10.00 to $11.00 in a research note on Monday. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $12.43.
Read Our Latest Stock Analysis on AMPL
Amplitude Stock Up 1.9 %
Insider Buying and Selling
In other Amplitude news, Director Eric Vishria sold 6,437 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $12.02, for a total value of $77,372.74. Following the completion of the sale, the director now directly owns 279,771 shares in the company, valued at $3,362,847.42. This trade represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.80% of the stock is currently owned by company insiders.
Institutional Trading of Amplitude
Institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. acquired a new stake in Amplitude in the second quarter worth about $92,000. Rhumbline Advisers raised its position in shares of Amplitude by 14.5% in the 2nd quarter. Rhumbline Advisers now owns 103,237 shares of the company’s stock valued at $919,000 after purchasing an additional 13,099 shares during the last quarter. Arizona State Retirement System boosted its stake in Amplitude by 14.4% in the 2nd quarter. Arizona State Retirement System now owns 21,037 shares of the company’s stock worth $187,000 after purchasing an additional 2,642 shares in the last quarter. Quest Partners LLC purchased a new stake in Amplitude during the 2nd quarter worth approximately $41,000. Finally, Renaissance Technologies LLC increased its stake in Amplitude by 19.5% during 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 in the last quarter. Institutional investors and hedge funds own 73.20% of the company’s stock.
About Amplitude
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.
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