M&T Bank Corp Buys 72,806 Shares of Amplitude, Inc. (NASDAQ:AMPL)

M&T Bank Corp lifted its stake in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 86.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,688 shares of the company's stock after acquiring an additional 72,806 shares during the period. M&T Bank Corp owned approximately 0.17% of Amplitude worth $1,405,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMPL. Blue Trust Inc. boosted its position in Amplitude by 13.5% during the 3rd quarter. Blue Trust Inc. now owns 19,518 shares of the company's stock worth $174,000 after acquiring an additional 2,324 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Amplitude by 14.4% in the second quarter. Arizona State Retirement System now owns 21,037 shares of the company's stock worth $187,000 after purchasing an additional 2,642 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Amplitude by 19.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,146 shares of the company's stock worth $199,000 after purchasing an additional 3,552 shares in the last quarter. Quantbot Technologies LP boosted its holdings in Amplitude by 21.5% during the third quarter. Quantbot Technologies LP now owns 24,390 shares of the company's stock worth $219,000 after purchasing an additional 4,309 shares during the last quarter. Finally, Quest Partners LLC bought a new position in Amplitude in the second quarter valued at $41,000. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amplitude

In related news, Director Eric Vishria sold 25,000 shares of Amplitude stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $10.18, for a total transaction of $254,500.00. Following the completion of the sale, the director now 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Scotiabank increased their price objective on shares of Amplitude from $10.00 to $12.00 and gave the stock a "sector perform" rating in a research note on Friday, November 8th. Piper Sandler increased their price target on Amplitude from $9.00 to $11.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. 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. Finally, Robert W. Baird increased their price objective on Amplitude from $10.00 to $12.00 and gave the company a "neutral" rating in a 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 stock. According to data from MarketBeat, Amplitude has an average rating of "Hold" and an average price target of $11.57.

Amplitude Trading Up 1.1 %

NASDAQ:AMPL traded up $0.13 on Monday, hitting $11.89. The company's stock had a trading volume of 413,213 shares, compared to its average volume of 508,555. Amplitude, Inc. has a one year low of $7.37 and a one year high of $14.42. The firm has a market capitalization of $1.12 billion, a P/E ratio of -17.55 and a beta of 1.38. The stock has a fifty day moving average of $9.89 and a two-hundred day moving average of $9.02.

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.