Barclays PLC Buys 101,289 Shares of Amplitude, Inc. (NASDAQ:AMPL)

Barclays PLC raised its position in shares of Amplitude, Inc. (NASDAQ:AMPL) by 371.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,537 shares of the company’s stock after purchasing an additional 101,289 shares during the quarter. Barclays PLC owned 0.14% of Amplitude worth $1,153,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in Amplitude by 7.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,903,531 shares of the company’s stock worth $17,078,000 after acquiring an additional 126,056 shares during the last quarter. M&T Bank Corp increased its stake in Amplitude by 86.8% in the third quarter. M&T Bank Corp now owns 156,688 shares of the company’s stock worth $1,405,000 after purchasing an additional 72,806 shares during the period. Circumference Group LLC purchased a new stake in Amplitude in the 3rd quarter valued at about $1,597,000. ArrowMark Colorado Holdings LLC increased its holdings in Amplitude by 56.6% during the 3rd 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 period. Finally, PDT Partners LLC raised its holdings in shares of Amplitude by 15.8% in the third quarter. PDT Partners LLC now owns 99,240 shares of the company’s stock valued at $890,000 after acquiring an additional 13,563 shares in the last quarter. Institutional investors own 73.20% of the company’s stock.

Amplitude Stock Up 0.4 %

AMPL opened at $10.25 on Tuesday. The company has a market cap of $969.56 million, a price-to-earnings ratio of -15.30 and a beta of 1.34. The firm’s fifty day simple moving average is $10.71 and its two-hundred day simple moving average is $9.36. Amplitude, Inc. has a 52-week low of $7.37 and a 52-week high of $14.42.

Analyst Ratings Changes

Several research firms have recently commented on AMPL. Robert W. Baird boosted their price target on Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Morgan Stanley raised Amplitude from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $10.00 to $11.00 in a report on Monday. 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 report on Friday, December 13th. Scotiabank raised their target price on shares of Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. Finally, Piper Sandler upgraded shares of Amplitude from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $11.00 to $15.00 in a research report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.43.

Insider Activity at Amplitude

In other news, Director Eric Vishria sold 25,000 shares of Amplitude 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 sale, the director now directly owns 286,208 shares of the company’s stock, valued at $2,913,597.44. The trade was a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.80% of the stock is currently owned by corporate insiders.

Amplitude Company 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.