Barclays PLC Purchases 101,289 Shares of Amplitude, Inc. (NASDAQ:AMPL)

Barclays PLC increased its stake in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 371.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 128,537 shares of the company's stock after purchasing an additional 101,289 shares during the period. Barclays PLC owned 0.14% of Amplitude worth $1,153,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC grew its position in shares of 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. Walleye Capital LLC purchased a new position in Amplitude during the third quarter worth about $726,000. Horrell Capital Management Inc. bought a new position in Amplitude in the 3rd quarter worth about $1,597,000. Algert Global LLC bought a new stake in shares of Amplitude during the 3rd quarter valued at about $708,000. Finally, Cerity Partners LLC grew its holdings in shares of Amplitude by 524.9% during the third quarter. Cerity Partners LLC now owns 460,624 shares of the company's stock worth $4,132,000 after purchasing an additional 386,915 shares in the last quarter. Hedge funds and other institutional investors own 73.20% of the company's stock.

Insider Transactions at Amplitude

In other Amplitude 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 completion of the sale, the director now directly owns 279,771 shares of the company's stock, valued at $3,362,847.42. This trade represents a 2.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 4.80% of the company's stock.

Amplitude Trading Down 1.5 %

AMPL stock traded down $0.16 during trading on Monday, reaching $10.53. The stock had a trading volume of 198,977 shares, compared to its average volume of 502,901. The stock's 50 day moving average is $10.37 and its two-hundred day moving average is $9.19. The firm has a market cap of $996.04 million, a PE ratio of -15.72 and a beta of 1.38. Amplitude, Inc. has a 52 week low of $7.37 and a 52 week high of $14.42.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AMPL shares. Scotiabank raised their price objective on shares of Amplitude from $10.00 to $12.00 and gave the company a "sector perform" rating in a research report on Friday, November 8th. KeyCorp upgraded Amplitude from a "sector weight" rating to an "overweight" rating and set a $15.00 price target on the stock in a research report on Friday, December 13th. Robert W. Baird upped 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. Finally, Piper Sandler raised their price objective on Amplitude from $9.00 to $11.00 and gave the company a "neutral" rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Amplitude currently has a consensus rating of "Hold" and an average target price of $11.57.

Amplitude 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.