Amplitude (NASDAQ:AMPL) Stock Rating Upgraded by Piper Sandler

Amplitude (NASDAQ:AMPL) was upgraded by analysts at Piper Sandler from a “neutral” rating to an “overweight” rating in a report issued on Monday, MarketBeat.com reports. The firm currently has a $15.00 price objective on the stock, up from their prior price objective of $11.00. Piper Sandler’s price objective points to a potential upside of 41.51% from the stock’s previous close.

A number of other equities analysts also recently commented on the company. Scotiabank boosted their price objective on Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. Robert W. Baird boosted their price target on shares of Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, 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 report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $12.14.

Amplitude Price Performance

AMPL opened at $10.60 on Monday. The business has a fifty day moving average price of $10.61 and a 200 day moving average price of $9.31. Amplitude has a 12 month low of $7.37 and a 12 month high of $14.42. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -15.82 and a beta of 1.34.

Insider Buying and Selling at Amplitude

In other Amplitude news, Director Eric Vishria sold 25,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were 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 in the company, valued at $2,913,597.44. This represents a 8.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.80% of the stock is currently owned by insiders.

Institutional Trading of Amplitude

Several institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. increased its position in Amplitude by 13.5% during the third quarter. Blue Trust Inc. now owns 19,518 shares of the company’s stock worth $174,000 after buying an additional 2,324 shares during the period. Arizona State Retirement System increased its holdings in shares of Amplitude by 14.4% in the 2nd quarter. Arizona State Retirement System now owns 21,037 shares of the company’s stock valued at $187,000 after acquiring an additional 2,642 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Amplitude by 19.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,146 shares of the company’s stock valued at $199,000 after purchasing an additional 3,552 shares during the last quarter. Quantbot Technologies LP boosted its stake in Amplitude by 21.5% during the 3rd 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 period. Finally, Quest Partners LLC acquired a new stake in Amplitude during the 2nd quarter worth $41,000. 73.20% of the stock is owned by hedge funds and other 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.