JPMorgan Chase & Co. Grows Position in Amplitude, Inc. (NASDAQ:AMPL)

JPMorgan Chase & Co. boosted its stake in Amplitude, Inc. (NASDAQ:AMPL) by 38.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,050 shares of the company’s stock after buying an additional 23,526 shares during the period. JPMorgan Chase & Co. owned approximately 0.09% of Amplitude worth $754,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AMPL. Intech Investment Management LLC acquired a new stake in shares of Amplitude during the third quarter valued at about $128,000. XTX Topco Ltd purchased a new stake in Amplitude in the second quarter valued at approximately $133,000. Blue Trust Inc. lifted its stake in Amplitude by 13.5% during the third quarter. Blue Trust Inc. now owns 19,518 shares of the company’s stock worth $174,000 after purchasing an additional 2,324 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Amplitude by 19.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,146 shares of the company’s stock worth $199,000 after buying an additional 3,552 shares during the period. Finally, Quantbot Technologies LP grew its stake in shares of Amplitude by 21.5% in the third quarter. Quantbot Technologies LP now owns 24,390 shares of the company’s stock valued at $219,000 after buying an additional 4,309 shares in the last quarter. Institutional investors and hedge funds own 73.20% of the company’s stock.

Analyst Ratings Changes

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

Amplitude Trading Up 1.1 %

Shares of AMPL opened at $11.38 on Monday. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of -16.99 and a beta of 1.34. The firm’s fifty day simple moving average is $10.88 and its 200-day simple moving average is $9.52. Amplitude, Inc. has a twelve month low of $7.37 and a twelve month high of $14.42.

Insider Activity at Amplitude

In related news, Director Eric Vishria sold 6,437 shares of the company’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 completion of the transaction, the director now directly owns 279,771 shares of the company’s stock, valued at $3,362,847.42. This represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.80% of the stock is currently owned by corporate insiders.

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.