Amplitude (NASDAQ:AMPL - Get Free Report) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating in a report issued on Monday, Marketbeat reports. The firm currently has a $11.00 target price on the stock, up from their previous target price of $10.00. Morgan Stanley's target price would suggest a potential upside of 7.32% from the stock's current price.
Several other equities analysts have also recently issued reports on the company. Scotiabank lifted 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. KeyCorp upgraded 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 note on Friday, December 13th. Piper Sandler upgraded shares of Amplitude from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $11.00 to $15.00 in a research report on Monday, January 6th. Finally, Robert W. Baird lifted their price objective on Amplitude from $10.00 to $12.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $12.43.
Check Out Our Latest Report on Amplitude
Amplitude Trading Up 0.4 %
AMPL stock traded up $0.04 during midday trading on Monday, hitting $10.25. 426,361 shares of the company's stock were exchanged, compared to its average volume of 338,337. The stock has a market capitalization of $969.56 million, a PE ratio of -15.30 and a beta of 1.34. Amplitude has a 1-year low of $7.37 and a 1-year high of $14.42. The business has a 50-day simple moving average of $10.71 and a two-hundred day simple moving average of $9.36.
Insider Buying and Selling at Amplitude
In other news, Director Eric Vishria sold 25,000 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $10.18, for a total transaction of $254,500.00. Following the transaction, the director now owns 286,208 shares in the company, valued at approximately $2,913,597.44. The trade was a 8.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.80% of the company's stock.
Institutional Trading of Amplitude
A number of large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in Amplitude by 38.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 84,050 shares of the company's stock valued at $754,000 after acquiring an additional 23,526 shares in the last quarter. Barclays PLC boosted its position in shares of 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 purchasing an additional 101,289 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Amplitude by 7.1% during the third quarter. Geode Capital Management LLC now owns 1,903,531 shares of the company's stock worth $17,078,000 after purchasing an additional 126,056 shares during the period. M&T Bank Corp increased its holdings in Amplitude by 86.8% in the third quarter. M&T Bank Corp now owns 156,688 shares of the company's stock valued at $1,405,000 after purchasing an additional 72,806 shares during the last quarter. Finally, Circumference Group LLC acquired a new position in shares of Amplitude during the 3rd quarter worth about $1,597,000. 73.20% of the stock is currently owned by institutional investors.
About Amplitude
(
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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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