Geode Capital Management LLC grew its holdings in Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 7.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,903,531 shares of the company's stock after purchasing an additional 126,056 shares during the quarter. Geode Capital Management LLC owned approximately 2.01% of Amplitude worth $17,078,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Quest Partners LLC acquired a new position in Amplitude in the second quarter valued at about $41,000. Principal Financial Group Inc. acquired a new stake in shares of Amplitude in the 2nd quarter valued at approximately $92,000. Intech Investment Management LLC bought a new position in Amplitude during the 3rd quarter worth approximately $128,000. XTX Topco Ltd bought a new position in Amplitude during the 2nd quarter worth approximately $133,000. Finally, MQS Management LLC grew its holdings in Amplitude by 69.4% during the second quarter. MQS Management LLC now owns 18,617 shares of the company's stock valued at $166,000 after purchasing an additional 7,625 shares during the period. Institutional investors and hedge funds own 73.20% of the company's stock.
Amplitude Trading Down 1.5 %
Shares of NASDAQ:AMPL traded down $0.16 during trading on Monday, hitting $10.53. 198,977 shares of the company were exchanged, compared to its average volume of 502,901. Amplitude, Inc. has a fifty-two week low of $7.37 and a fifty-two week high of $14.42. The stock has a market cap of $996.04 million, a price-to-earnings ratio of -15.72 and a beta of 1.38. The firm has a fifty day moving average price of $10.37 and a two-hundred day moving average price of $9.19.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the stock. KeyCorp raised shares of 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. Piper Sandler boosted their target price on Amplitude from $9.00 to $11.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. 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 research note on Friday, November 8th. Finally, Scotiabank boosted their price objective 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $11.57.
Get Our Latest Stock Report on AMPL
Insider Activity at Amplitude
In related news, Director Eric Vishria sold 6,437 shares of Amplitude stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $12.02, for a total transaction of $77,372.74. Following the completion of the transaction, the director now 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 SEC, which is accessible through this hyperlink. 4.80% of the stock is owned by company insiders.
Amplitude Profile
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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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