Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) traded down 5.8% during trading on Wednesday . The stock traded as low as $11.62 and last traded at $11.78. 47,905 shares changed hands during trading, a decline of 87% from the average session volume of 372,806 shares. The stock had previously closed at $12.51.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on AMPL. Piper Sandler upgraded Amplitude from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $11.00 to $15.00 in a research note on Monday, January 6th. KeyCorp upgraded Amplitude from a "sector weight" rating to an "overweight" rating and set a $15.00 price target for the company in a report on Friday, December 13th. Scotiabank raised their target price on shares of Amplitude from $10.00 to $12.00 and gave the company a "sector perform" rating in a report on Friday, November 8th. 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 report on Monday, January 13th. Finally, Robert W. Baird increased their price target on shares of Amplitude from $10.00 to $12.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $12.43.
Check Out Our Latest Stock Analysis on Amplitude
Amplitude Stock Performance
The firm has a market capitalization of $1.12 billion, a P/E ratio of -17.69 and a beta of 1.34. The stock's 50 day simple moving average is $10.95 and its 200 day simple moving average is $9.57.
Insider Buying and Selling
In other news, Director Eric Vishria sold 6,437 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $12.02, for a total transaction of $77,372.74. Following the transaction, the director now directly owns 279,771 shares in the company, valued at approximately $3,362,847.42. This trade represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.80% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the company. Intech Investment Management LLC acquired a new position in shares of Amplitude during the third quarter valued at about $128,000. XTX Topco Ltd acquired a new position in shares of Amplitude in the 2nd quarter valued at $133,000. Blue Trust Inc. raised its stake in Amplitude by 13.5% in the 3rd quarter. Blue Trust Inc. now owns 19,518 shares of the company's stock worth $174,000 after acquiring an additional 2,324 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Amplitude by 19.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,146 shares of the company's stock worth $199,000 after acquiring an additional 3,552 shares during the period. Finally, Quantbot Technologies LP grew its stake in Amplitude by 21.5% during the 3rd quarter. Quantbot Technologies LP now owns 24,390 shares of the company's stock valued at $219,000 after purchasing an additional 4,309 shares during the last quarter. Institutional investors own 73.20% of the company's stock.
Amplitude Company Profile
(
Get Free Report)
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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