Amplitude (NASDAQ:AMPL) Upgraded at KeyCorp

KeyCorp upgraded shares of Amplitude (NASDAQ:AMPL) from a sector weight rating to an overweight rating in a research report sent to investors on Friday morning, Marketbeat.com reports. KeyCorp currently has $15.00 price objective on the stock.

Several other research firms have also recently issued reports on AMPL. Robert W. Baird upped their price target on Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Scotiabank upped their target price on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Finally, Piper Sandler increased their price target on Amplitude from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $11.57.

Amplitude Trading Up 3.2 %

NASDAQ:AMPL opened at $11.76 on Friday. The company has a 50-day moving average of $9.89 and a 200-day moving average of $9.02. Amplitude has a twelve month low of $7.37 and a twelve month high of $14.42. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -17.55 and a beta of 1.38.

Insider Buying and Selling

In other news, Director Eric Vishria sold 25,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $10.18, for a total value of $254,500.00. Following 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Barclays PLC increased its holdings in Amplitude by 371.7% in the third quarter. Barclays PLC now owns 128,537 shares of the company’s stock worth $1,153,000 after buying an additional 101,289 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Amplitude by 7.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,903,531 shares of the company’s stock worth $17,078,000 after purchasing an additional 126,056 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Amplitude by 86.8% during the 3rd quarter. M&T Bank Corp now owns 156,688 shares of the company’s stock valued at $1,405,000 after purchasing an additional 72,806 shares in the last quarter. Circumference Group LLC acquired a new stake in shares of Amplitude in the 3rd quarter valued at $1,597,000. Finally, ArrowMark Colorado Holdings LLC boosted its holdings in Amplitude by 56.6% in 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 in the last quarter. 73.20% of the stock is owned by institutional investors and hedge funds.

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.