Amplitude, Inc. (NASDAQ:AMPL) Shares Purchased by Fmr LLC

FMR LLC increased its position in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,056,003 shares of the company's stock after acquiring an additional 64,574 shares during the period. FMR LLC owned about 8.52% of Amplitude worth $72,262,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Quest Partners LLC purchased a new stake in Amplitude during the 2nd quarter worth about $41,000. Principal Financial Group Inc. purchased a new position in shares of Amplitude in the 2nd quarter valued at about $92,000. Intech Investment Management LLC purchased a new position in Amplitude during the 3rd quarter worth approximately $128,000. XTX Topco Ltd purchased a new position in Amplitude during the 2nd quarter worth approximately $133,000. Finally, MQS Management LLC grew its stake in Amplitude by 69.4% during the 2nd quarter. MQS Management LLC now owns 18,617 shares of the company's stock worth $166,000 after buying an additional 7,625 shares during the last quarter. Institutional investors and hedge funds own 73.20% of the company's stock.

Wall Street Analysts Forecast Growth

AMPL has been the topic of a number of research reports. Robert W. Baird raised their price target on Amplitude from $10.00 to $12.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. UBS Group dropped their price target on Amplitude from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Friday, August 9th. Piper Sandler raised their price target on Amplitude from $9.00 to $11.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Finally, Scotiabank raised their price target on Amplitude from $10.00 to $12.00 and gave the stock a "sector perform" rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $11.00.

Insider Activity

In related news, Director Eric Vishria sold 25,000 shares of Amplitude stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $10.18, for a total transaction of $254,500.00. Following the completion of the transaction, the director now directly owns 286,208 shares of the company's stock, valued at approximately $2,913,597.44. The trade was a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 4.80% of the company's stock.

Amplitude Stock Up 1.9 %

Shares of AMPL traded up $0.21 during mid-day trading on Friday, hitting $11.46. The company's stock had a trading volume of 374,837 shares, compared to its average volume of 452,570. The firm has a 50-day simple moving average of $9.63 and a 200 day simple moving average of $8.96. Amplitude, Inc. has a 1-year low of $7.37 and a 1-year high of $14.42.

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.