Amplitude, Inc. (NASDAQ:AMPL) Shares Acquired by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC lifted its stake in shares of Amplitude, Inc. (NASDAQ:AMPL) by 56.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,482,738 shares of the company’s stock after purchasing an additional 535,624 shares during the quarter. ArrowMark Colorado Holdings LLC’s holdings in Amplitude were worth $13,300,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Cerity Partners LLC raised its position in Amplitude by 524.9% during the 3rd quarter. Cerity Partners LLC now owns 460,624 shares of the company’s stock worth $4,132,000 after buying an additional 386,915 shares during the last quarter. Vanguard Group Inc. raised its holdings in Amplitude by 3.4% during the first quarter. Vanguard Group Inc. now owns 8,107,888 shares of the company’s stock worth $88,214,000 after purchasing an additional 264,477 shares in the last quarter. Horrell Capital Management Inc. purchased a new position in Amplitude during the third quarter worth about $1,597,000. Walleye Capital LLC acquired a new stake in Amplitude in the third quarter valued at about $726,000. Finally, Algert Global LLC purchased a new stake in Amplitude in the 3rd quarter valued at approximately $708,000. 73.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amplitude

In related news, Director Eric Vishria sold 25,000 shares of the company’s 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 owns 286,208 shares of the company’s stock, valued at approximately $2,913,597.44. This represents a 8.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AMPL shares. Robert W. Baird increased their target price on Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. UBS Group reduced their target price on Amplitude from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Scotiabank upped their price target 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. Finally, Piper Sandler raised their price objective on shares of Amplitude from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.00.

Amplitude Stock Up 4.3 %

Shares of AMPL stock opened at $10.78 on Tuesday. The stock has a market cap of $1.02 billion, a P/E ratio of -16.09 and a beta of 1.31. Amplitude, Inc. has a fifty-two week low of $7.37 and a fifty-two week high of $14.42. The business has a fifty day simple moving average of $9.40 and a 200-day simple moving average of $8.89.

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.