JPMorgan Chase & Co. Acquires 23,526 Shares of Amplitude, Inc. (NASDAQ:AMPL)

JPMorgan Chase & Co. boosted its position in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 38.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,050 shares of the company's stock after purchasing an additional 23,526 shares during the period. JPMorgan Chase & Co. owned about 0.09% of Amplitude worth $754,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC grew its holdings in shares of Amplitude by 19.5% in the 2nd quarter. Renaissance Technologies LLC now owns 413,100 shares of the company's stock valued at $3,677,000 after acquiring an additional 67,500 shares in the last quarter. XTX Topco Ltd acquired a new position in Amplitude during the second quarter valued at approximately $133,000. The Manufacturers Life Insurance Company grew its stake in Amplitude by 13.2% in the second quarter. The Manufacturers Life Insurance Company now owns 39,934 shares of the company's stock valued at $355,000 after purchasing an additional 4,647 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Amplitude during the 2nd quarter worth approximately $389,000. Finally, SG Americas Securities LLC acquired a new position in shares of Amplitude during the 3rd quarter worth approximately $326,000. Institutional investors and hedge funds own 73.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AMPL. Morgan Stanley raised shares of Amplitude from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $10.00 to $11.00 in a research note on Monday, January 13th. Piper Sandler raised shares of Amplitude from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $11.00 to $15.00 in a research report on Monday, January 6th. Robert W. Baird upped their target price on shares of Amplitude from $10.00 to $12.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Scotiabank raised their target price on shares of Amplitude from $10.00 to $12.00 and gave the company a "sector perform" rating in a research note on Friday, November 8th. Finally, KeyCorp raised 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. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Amplitude presently has a consensus rating of "Hold" and an average price target of $12.43.

Insider Activity

In other Amplitude news, Director Eric Vishria sold 6,437 shares of Amplitude stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $12.02, for a total value of $77,372.74. Following the completion of the sale, the director now owns 279,771 shares in the company, valued at $3,362,847.42. The trade was a 2.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.80% of the stock is owned by company insiders.

Amplitude Price Performance

Amplitude stock traded down $0.08 during trading hours on Monday, hitting $11.30. The company had a trading volume of 369,730 shares, compared to its average volume of 353,064. The firm has a 50-day moving average of $10.91 and a 200 day moving average of $9.54. The firm has a market cap of $1.07 billion, a PE ratio of -16.87 and a beta of 1.34. Amplitude, Inc. has a one year low of $7.37 and a one 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.