SG Americas Securities LLC Buys 5,726 Shares of Amplitude, Inc. (NASDAQ:AMPL)

SG Americas Securities LLC grew its stake in shares of Amplitude, Inc. (NASDAQ:AMPL) by 15.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,107 shares of the company’s stock after acquiring an additional 5,726 shares during the quarter. SG Americas Securities LLC’s holdings in Amplitude were worth $444,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. FMR LLC lifted its holdings in shares of Amplitude by 0.8% during the third quarter. FMR LLC now owns 8,056,003 shares of the company’s stock valued at $72,262,000 after purchasing an additional 64,574 shares in the last quarter. Geode Capital Management LLC lifted its stake in Amplitude by 7.1% during the 3rd 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 period. ArrowMark Colorado Holdings LLC boosted its holdings in shares of Amplitude by 56.6% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,482,738 shares of the company’s stock valued at $13,300,000 after acquiring an additional 535,624 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Amplitude by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 651,605 shares of the company’s stock valued at $5,845,000 after acquiring an additional 20,657 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in shares of Amplitude by 524.9% in the third quarter. Cerity Partners LLC now owns 460,624 shares of the company’s stock worth $4,132,000 after acquiring an additional 386,915 shares during the period. Hedge funds and other institutional investors own 73.20% of the company’s stock.

Insider Buying and Selling

In related news, Director Eric Vishria sold 25,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 286,208 shares of the company’s stock, valued at approximately $2,913,597.44. This represents a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders sold 35,000 shares of company stock worth $374,629. 4.80% of the stock is owned by insiders.

Amplitude Price Performance

AMPL stock opened at $12.18 on Monday. Amplitude, Inc. has a 1-year low of $7.37 and a 1-year high of $14.42. The business has a 50 day simple moving average of $11.04 and a two-hundred day simple moving average of $9.65. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of -18.18 and a beta of 1.34.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AMPL shares. KeyCorp raised Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 target price on the stock in a report on Friday, December 13th. Robert W. Baird increased 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. 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. Morgan Stanley raised Amplitude from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $10.00 to $11.00 in a report on Monday, January 13th. Finally, 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 research note on Friday, November 8th. Five investment 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, Amplitude has an average rating of “Hold” and a consensus price target of $12.43.

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.