Amplitude (NASDAQ:AMPL) Rating Increased to Equal Weight at Morgan Stanley

Morgan Stanley upgraded shares of Amplitude (NASDAQ:AMPL) from an underweight rating to an equal weight rating in a report issued on Monday, Marketbeat.com reports. The firm currently has $11.00 price target on the stock, up from their prior price target of $10.00.

Other analysts also recently issued reports about the company. KeyCorp upgraded Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price objective for the company in a report on Friday, December 13th. Scotiabank upped their target price on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. Robert W. Baird lifted their price objective on shares of Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Piper Sandler raised Amplitude from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $11.00 to $15.00 in a report on Monday, January 6th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $12.43.

Amplitude Stock Up 0.4 %

AMPL stock opened at $10.25 on Monday. The firm has a market cap of $969.56 million, a price-to-earnings ratio of -15.30 and a beta of 1.34. Amplitude has a twelve month low of $7.37 and a twelve month high of $14.42. The business’s fifty day simple moving average is $10.71 and its two-hundred day simple moving average is $9.36.

Insider Activity

In other Amplitude news, Director Eric Vishria sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $10.18, for a total transaction of $254,500.00. Following the transaction, the director now owns 286,208 shares of the company’s stock, valued at approximately $2,913,597.44. The trade was a 8.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. ArrowMark Colorado Holdings LLC increased its position in Amplitude by 56.6% during the third quarter. ArrowMark Colorado Holdings LLC now owns 1,482,738 shares of the company’s stock worth $13,300,000 after purchasing an additional 535,624 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Amplitude by 524.9% in the 3rd quarter. Cerity Partners LLC now owns 460,624 shares of the company’s stock valued at $4,132,000 after buying an additional 386,915 shares during the period. Horrell Capital Management Inc. purchased a new stake in shares of Amplitude during the 3rd quarter valued at approximately $1,597,000. Circumference Group LLC purchased a new stake in shares of Amplitude during the 3rd quarter valued at approximately $1,597,000. Finally, Geode Capital Management LLC lifted its holdings in Amplitude by 7.1% in the third quarter. Geode Capital Management LLC now owns 1,903,531 shares of the company’s stock valued at $17,078,000 after acquiring an additional 126,056 shares during the last quarter. Hedge funds and other institutional investors own 73.20% of the company’s stock.

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.