Fmr LLC Buys 64,574 Shares of Amplitude, Inc. (NASDAQ:AMPL)

Fmr LLC raised its stake in Amplitude, Inc. (NASDAQ:AMPL) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,056,003 shares of the company’s stock after acquiring an additional 64,574 shares during the period. Fmr LLC owned about 8.52% of Amplitude worth $72,262,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Amplitude by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 651,605 shares of the company’s stock worth $5,845,000 after purchasing an additional 20,657 shares during the last quarter. Cerity Partners LLC increased its position in Amplitude by 524.9% in the 3rd quarter. Cerity Partners LLC now owns 460,624 shares of the company’s stock valued at $4,132,000 after acquiring an additional 386,915 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Amplitude by 19.5% in the second quarter. Renaissance Technologies LLC now owns 413,100 shares of the company’s stock worth $3,677,000 after acquiring an additional 67,500 shares during the last quarter. TD Asset Management Inc lifted its position in shares of Amplitude by 24.2% during the second quarter. TD Asset Management Inc now owns 224,818 shares of the company’s stock worth $2,001,000 after purchasing an additional 43,780 shares in the last quarter. Finally, Horrell Capital Management Inc. bought a new stake in shares of Amplitude during the third quarter valued at approximately $1,597,000. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Amplitude Stock Performance

AMPL opened at $11.46 on Friday. The firm’s fifty day moving average is $9.58 and its two-hundred day moving average is $8.95. The firm has a market cap of $1.08 billion, a PE ratio of -16.79 and a beta of 1.38. 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 25,000 shares of the business’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 completion of the transaction, the director now directly owns 286,208 shares in the company, valued at approximately $2,913,597.44. The trade was a 8.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Piper Sandler boosted their price objective on shares of Amplitude from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Scotiabank upped their price target on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. UBS Group lowered their price objective on Amplitude from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, Robert W. Baird upped their target price 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. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.com, Amplitude has a consensus rating of “Hold” and an average price target of $11.00.

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.