Walleye Capital LLC Takes $726,000 Position in Amplitude, Inc. (NASDAQ:AMPL)

Walleye Capital LLC bought a new stake in Amplitude, Inc. (NASDAQ:AMPL - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 80,979 shares of the company's stock, valued at approximately $726,000. Walleye Capital LLC owned approximately 0.09% of Amplitude at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMPL. FMR LLC boosted its holdings in shares of Amplitude by 0.8% during the 3rd quarter. FMR LLC now owns 8,056,003 shares of the company's stock worth $72,262,000 after purchasing an additional 64,574 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Amplitude by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 651,605 shares of the company's stock worth $5,845,000 after buying an additional 20,657 shares during the last quarter. Cerity Partners LLC grew its holdings in Amplitude by 524.9% in the 3rd quarter. Cerity Partners LLC now owns 460,624 shares of the company's stock valued at $4,132,000 after buying an additional 386,915 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Amplitude by 19.5% in the 2nd quarter. Renaissance Technologies LLC now owns 413,100 shares of the company's stock worth $3,677,000 after acquiring an additional 67,500 shares during the last quarter. Finally, TD Asset Management Inc increased its stake in shares of Amplitude by 24.2% in the 2nd quarter. TD Asset Management Inc now owns 224,818 shares of the company's stock worth $2,001,000 after acquiring an additional 43,780 shares during the last quarter. Hedge funds and other institutional investors own 73.20% of the company's stock.

Amplitude Trading Up 1.9 %

AMPL traded up $0.21 during mid-day trading on Friday, hitting $11.46. 374,837 shares of the stock were exchanged, compared to its average volume of 452,570. The company has a market cap of $1.08 billion, a PE ratio of -17.10 and a beta of 1.38. The firm's fifty day moving average is $9.63 and its two-hundred day moving average is $8.95. Amplitude, Inc. has a 1-year low of $7.37 and a 1-year high of $14.42.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMPL shares. Piper Sandler raised their price target on shares of Amplitude from $9.00 to $11.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Scotiabank upped their price target on Amplitude from $10.00 to $12.00 and gave the company a "sector perform" rating in a research note on Friday, November 8th. Finally, Robert W. Baird raised their price objective on Amplitude from $10.00 to $12.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $11.00.

Insider Transactions at Amplitude

In other news, Director Eric Vishria sold 25,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $10.18, for a total value of $254,500.00. Following the sale, the director now directly owns 286,208 shares in the company, valued at approximately $2,913,597.44. This trade represents a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.80% of the company's stock.

About Amplitude

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.