Amplitude (NASDAQ:AMPL) Upgraded at Morgan Stanley

Amplitude (NASDAQ:AMPL) was upgraded by Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The brokerage currently has a $11.00 price target on the stock, up from their prior price target of $10.00. Morgan Stanley’s price target suggests a potential upside of 5.36% from the company’s current price.

Several other research analysts have also commented on the company. Scotiabank raised their price target on Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. KeyCorp raised Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 target price for the company in a research report on Friday, December 13th. Piper Sandler raised shares of Amplitude from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $11.00 to $15.00 in a research report on Monday, January 6th. Finally, Robert W. Baird lifted their price objective on shares of Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $12.43.

Amplitude Stock Performance

AMPL stock opened at $10.44 on Monday. Amplitude has a one year low of $7.37 and a one year high of $14.42. The firm has a market cap of $987.53 million, a PE ratio of -15.58 and a beta of 1.34. The firm’s 50 day moving average price is $10.73 and its 200-day moving average price is $9.37.

Insider Activity

In other Amplitude news, Director Eric Vishria sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were 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 owns 286,208 shares in the company, valued at approximately $2,913,597.44. This represents a 8.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. ArrowMark Colorado Holdings LLC grew its position 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 buying an additional 535,624 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Amplitude by 524.9% during 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 during the last quarter. Horrell Capital Management Inc. bought a new stake in shares of Amplitude during the 3rd quarter worth $1,597,000. Circumference Group LLC bought a new stake in shares of Amplitude during the 3rd quarter worth $1,597,000. Finally, Geode Capital Management LLC grew its holdings in shares of Amplitude by 7.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,903,531 shares of the company’s stock worth $17,078,000 after acquiring an additional 126,056 shares during the last quarter. Institutional investors own 73.20% of the company’s stock.

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.