Barclays PLC Raises Stake in Amplitude, Inc. (NASDAQ:AMPL)

Barclays PLC boosted its position in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 371.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 128,537 shares of the company's stock after buying an additional 101,289 shares during the period. Barclays PLC owned approximately 0.14% of Amplitude worth $1,153,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in 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 buying an additional 126,056 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Amplitude by 86.8% in the 3rd 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 in the last quarter. Circumference Group LLC acquired a new stake in shares of Amplitude in the 3rd quarter valued at approximately $1,597,000. ArrowMark Colorado Holdings LLC boosted 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 in the last quarter. Finally, PDT Partners LLC boosted its stake in shares of Amplitude by 15.8% in the 3rd quarter. PDT Partners LLC now owns 99,240 shares of the company's stock valued at $890,000 after purchasing an additional 13,563 shares in the last quarter. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Amplitude Price Performance

Shares of NASDAQ:AMPL traded up $0.09 during mid-day trading on Tuesday, hitting $10.34. The company had a trading volume of 109,715 shares, compared to its average volume of 308,871. The firm has a fifty day moving average price of $10.71 and a 200 day moving average price of $9.36. Amplitude, Inc. has a one year low of $7.37 and a one year high of $14.42. The company has a market capitalization of $978.07 million, a PE ratio of -15.43 and a beta of 1.34.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Scotiabank lifted their target price on shares of Amplitude from $10.00 to $12.00 and gave the stock a "sector perform" rating in a research report on Friday, November 8th. KeyCorp upgraded shares of 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. Piper Sandler upgraded shares of Amplitude from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $11.00 to $15.00 in a report on Monday, January 6th. Morgan Stanley upgraded shares of Amplitude from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $10.00 to $11.00 in a report on Monday. Finally, Robert W. Baird raised their price target on shares of Amplitude from $10.00 to $12.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $12.43.

Insider Activity at Amplitude

In other Amplitude news, Director Eric Vishria sold 6,437 shares of Amplitude stock in a transaction 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 of the company's stock, valued at $3,362,847.42. The trade was a 2.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.80% of the stock is currently owned by insiders.

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.