Savant Capital LLC Invests $1.46 Million in Amplitude, Inc. (NASDAQ:AMPL)

Savant Capital LLC purchased a new stake in Amplitude, Inc. (NASDAQ:AMPL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 137,910 shares of the company’s stock, valued at approximately $1,455,000. Savant Capital LLC owned approximately 0.15% of Amplitude as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new stake in shares of Amplitude in the third quarter worth approximately $128,000. Blue Trust Inc. lifted its position in Amplitude by 13.5% in the 3rd quarter. Blue Trust Inc. now owns 19,518 shares of the company’s stock worth $174,000 after buying an additional 2,324 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Amplitude by 19.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,146 shares of the company’s stock valued at $199,000 after buying an additional 3,552 shares during the period. Quantbot Technologies LP grew its holdings in shares of Amplitude by 21.5% during the 3rd quarter. Quantbot Technologies LP now owns 24,390 shares of the company’s stock valued at $219,000 after acquiring an additional 4,309 shares in the last quarter. Finally, MQS Management LLC increased its stake in shares of Amplitude by 38.2% in the third quarter. MQS Management LLC now owns 25,729 shares of the company’s stock worth $231,000 after acquiring an additional 7,112 shares during the last quarter. Institutional investors and hedge funds own 73.20% of the company’s stock.

Insider Activity at Amplitude

In other Amplitude news, Director Eric Vishria sold 6,437 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 279,771 shares of the company’s stock, valued at $3,362,847.42. This trade represents a 2.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.80% of the stock is currently owned by company insiders.

Amplitude Stock Up 0.9 %

NASDAQ:AMPL opened at $12.46 on Friday. The company’s 50 day moving average is $11.34 and its 200-day moving average is $9.89. Amplitude, Inc. has a 12 month low of $7.37 and a 12 month high of $14.40. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -18.60 and a beta of 1.37.

Analyst Upgrades and Downgrades

AMPL has been the subject of a number of research reports. Morgan Stanley raised Amplitude from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $10.00 to $11.00 in a research report on Monday, January 13th. KeyCorp upgraded Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price target for the company in a report on Friday, December 13th. Piper Sandler upgraded Amplitude from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $11.00 to $15.00 in a report on Monday, January 6th. Robert W. Baird lifted their target price 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 boosted their target price on shares of Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Amplitude presently has a consensus rating of “Hold” and an average price target of $12.43.

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.