Amplitude (NASDAQ:AMPL) Upgraded to Overweight at Piper Sandler

Piper Sandler upgraded shares of Amplitude (NASDAQ:AMPL) from a neutral rating to an overweight rating in a report issued on Monday, Marketbeat reports. They currently have $15.00 price target on the stock, up from their prior price target of $11.00.

AMPL has been the topic of a number of other reports. KeyCorp raised 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. Robert W. Baird lifted their price objective on shares of Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Scotiabank lifted their price objective 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.14.

Amplitude Trading Up 0.7 %

NASDAQ AMPL opened at $10.67 on Monday. Amplitude has a 1-year low of $7.37 and a 1-year high of $14.42. The company has a 50 day moving average of $10.64 and a 200-day moving average of $9.32. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -15.93 and a beta of 1.34.

Insider Activity at Amplitude

In other news, Director Eric Vishria sold 25,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 286,208 shares of the company’s stock, valued at $2,913,597.44. This represents a 8.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 4.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amplitude

A number of institutional investors have recently added to or reduced their stakes in AMPL. Quest Partners LLC bought a new position in shares of Amplitude during the second quarter valued at $41,000. Principal Financial Group Inc. acquired a new stake in Amplitude in the second quarter valued at $92,000. Intech Investment Management LLC bought a new position in Amplitude during the 3rd quarter worth $128,000. XTX Topco Ltd acquired a new position in Amplitude during the 2nd quarter worth about $133,000. Finally, MQS Management LLC lifted its holdings in Amplitude by 69.4% during the 2nd quarter. MQS Management LLC now owns 18,617 shares of the company’s stock worth $166,000 after buying an additional 7,625 shares during the period. 73.20% of the stock is owned by institutional investors.

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.