Amplitude (NASDAQ:AMPL) Upgraded at DA Davidson

DA Davidson upgraded shares of Amplitude (NASDAQ:AMPL) to a hold rating in a report released on Monday,Zacks.com reports.

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

Amplitude Price Performance

Shares of NASDAQ AMPL opened at $12.35 on Monday. The company has a market capitalization of $1.17 billion, a P/E ratio of -18.43 and a beta of 1.37. The company has a 50 day simple moving average of $11.32 and a 200-day simple moving average of $9.87. Amplitude has a 1 year low of $7.37 and a 1 year high of $14.40.

Insider Buying and Selling at Amplitude

In related news, Director Eric Vishria sold 3,563 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $12.00, for a total transaction of $42,756.00. Following the transaction, the director now directly owns 276,208 shares in the company, valued at approximately $3,314,496. This represents a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in Amplitude in the 4th quarter worth approximately $38,000. Intech Investment Management LLC purchased a new position in shares of Amplitude in the third quarter valued at $128,000. KLP Kapitalforvaltning AS purchased a new position in shares of Amplitude in the fourth quarter valued at $171,000. Blue Trust Inc. increased its stake in Amplitude by 13.5% during the 3rd quarter. Blue Trust Inc. now owns 19,518 shares of the company’s stock worth $174,000 after buying an additional 2,324 shares during the period. Finally, ANTIPODES PARTNERS Ltd lifted its holdings in Amplitude by 90.7% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 18,081 shares of the company’s stock worth $191,000 after buying an additional 8,599 shares in the last quarter. Institutional investors and hedge funds 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.