Amplitude (NASDAQ:AMPL) Upgraded at Piper Sandler

by · The Markets Daily

Piper Sandler upgraded shares of Amplitude (NASDAQ:AMPL – Free Report) from a neutral rating to an overweight rating in a research report released on Monday morning, MarketBeat Ratings reports. The firm currently has $15.00 price target on the stock, up from their previous price target of $11.00.

AMPL has been the topic of several other reports. KeyCorp upgraded shares of Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price objective on the stock in a research note on Friday, December 13th. Scotiabank boosted their price target on Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. Finally, Robert W. Baird upped their price objective on Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $12.14.

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Amplitude Trading Up 0.7 %

NASDAQ:AMPL opened at $10.67 on Monday. The stock has a market capitalization of $1.01 billion, a PE ratio of -15.93 and a beta of 1.34. Amplitude has a 1-year low of $7.37 and a 1-year high of $14.42. The firm has a fifty day simple moving average of $10.64 and a 200 day simple moving average of $9.32.

Insider Buying and Selling at Amplitude

In related news, Director Eric Vishria sold 6,437 shares of the business’s stock in a transaction on Friday, December 13th. The stock was 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 directly owns 279,771 shares in the company, valued at $3,362,847.42. The trade was a 2.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Amplitude

Hedge funds and other institutional investors have recently modified their holdings of the company. Quest Partners LLC bought a new position in Amplitude during the second quarter worth about $41,000. Principal Financial Group Inc. bought a new position in shares of Amplitude during the second quarter worth approximately $92,000. Intech Investment Management LLC acquired a new stake in shares of Amplitude in the third quarter valued at approximately $128,000. XTX Topco Ltd acquired a new stake in shares of Amplitude in the second quarter valued at approximately $133,000. Finally, MQS Management LLC raised its position in shares of Amplitude by 69.4% in the second quarter. MQS Management LLC now owns 18,617 shares of the company’s stock valued at $166,000 after buying an additional 7,625 shares in the last quarter. Institutional investors and hedge funds own 73.20% of the company’s stock.

Amplitude Company Profile

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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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