Amplitude (NASDAQ:AMPL) Rating Increased to Overweight at Piper Sandler

Piper Sandler upgraded shares of Amplitude (NASDAQ:AMPL - Free Report) from a neutral rating to an overweight rating in a research report report published on Monday morning, MarketBeat Ratings reports. The firm currently has $15.00 target price on the stock, up from their previous target price of $11.00.

Several other research firms have also recently issued reports on AMPL. Scotiabank upped their target price on shares of Amplitude from $10.00 to $12.00 and gave the company a "sector perform" rating in a research note on Friday, November 8th. Robert W. Baird increased their price objective on shares of Amplitude from $10.00 to $12.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Finally, KeyCorp raised shares of Amplitude from a "sector weight" rating to an "overweight" rating and set a $15.00 target price for the company in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Amplitude presently has an average rating of "Hold" and a consensus target price of $12.14.

Amplitude Stock Up 5.7 %

Shares of Amplitude stock traded up $0.62 on Monday, reaching $11.51. The company's stock had a trading volume of 405,051 shares, compared to its average volume of 313,716. Amplitude has a 52 week low of $7.37 and a 52 week high of $14.42. The firm's fifty day simple moving average is $10.59 and its two-hundred day simple moving average is $9.30. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -17.18 and a beta of 1.34.

Insider Buying and Selling at Amplitude

In other news, Director Eric Vishria sold 25,000 shares of the firm's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $10.18, for a total value of $254,500.00. Following the transaction, the director now owns 286,208 shares of the company's stock, valued at $2,913,597.44. This trade represents a 8.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Amplitude

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in shares of Amplitude by 19.5% in the second quarter. Renaissance Technologies LLC now owns 413,100 shares of the company's stock worth $3,677,000 after purchasing an additional 67,500 shares during the period. M&T Bank Corp boosted its holdings in Amplitude by 86.8% in the 3rd quarter. M&T Bank Corp now owns 156,688 shares of the company's stock worth $1,405,000 after buying an additional 72,806 shares during the period. Barclays PLC increased its stake in Amplitude by 371.7% in the 3rd quarter. Barclays PLC now owns 128,537 shares of the company's stock worth $1,153,000 after buying an additional 101,289 shares in the last quarter. Walleye Capital LLC bought a new stake in Amplitude during the third quarter valued at about $726,000. Finally, Geode Capital Management LLC lifted its position in shares of Amplitude by 7.1% in the third 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 in the last quarter. 73.20% of the stock is owned by hedge funds and other institutional investors.

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.