UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Position in Amplitude, Inc. (NASDAQ:AMPL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Amplitude, Inc. (NASDAQ:AMPL) by 9.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,078 shares of the company’s stock after selling 13,290 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.14% of Amplitude worth $1,203,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AMPL. Quest Partners LLC purchased a new stake in Amplitude during the second quarter worth approximately $41,000. Principal Financial Group Inc. acquired a new stake in Amplitude during the 2nd quarter worth $92,000. Intech Investment Management LLC purchased a new position in Amplitude during the 3rd quarter worth $128,000. XTX Topco Ltd acquired a new position in Amplitude in the second quarter valued at $133,000. Finally, MQS Management LLC raised its holdings 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 during the last quarter. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMPL has been the topic of several recent research reports. KeyCorp upgraded Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price target on the stock in a research report on Friday, December 13th. Robert W. Baird upped their price target on Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Piper Sandler increased their price target on Amplitude from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Scotiabank boosted 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 research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $11.57.

Amplitude Stock Down 1.8 %

NASDAQ:AMPL opened at $11.68 on Wednesday. The stock has a fifty day simple moving average of $10.02 and a 200-day simple moving average of $9.05. Amplitude, Inc. has a 52-week low of $7.37 and a 52-week high of $14.42. The company has a market capitalization of $1.10 billion, a PE ratio of -17.43 and a beta of 1.38.

Insider Buying and Selling at Amplitude

In other news, Director Eric Vishria sold 6,437 shares of the company’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 sale, the director now directly owns 279,771 shares in the company, valued at $3,362,847.42. This represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.80% of the company’s stock.

Amplitude Profile

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.