Blue Trust Inc. Acquires 11,384 Shares of Amplitude, Inc. (NASDAQ:AMPL)

Blue Trust Inc. raised its holdings in shares of Amplitude, Inc. (NASDAQ:AMPL) by 58.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,902 shares of the company’s stock after purchasing an additional 11,384 shares during the period. Blue Trust Inc.’s holdings in Amplitude were worth $326,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMPL. ArrowMark Colorado Holdings LLC raised its position in Amplitude by 56.6% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,482,738 shares of the company’s stock valued at $13,300,000 after purchasing an additional 535,624 shares during the last quarter. 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 valued at $4,132,000 after purchasing an additional 386,915 shares during the last quarter. Horrell Capital Management Inc. bought a new position in Amplitude during the 3rd quarter valued at approximately $1,597,000. Circumference Group LLC bought a new position in Amplitude during the 3rd quarter valued at approximately $1,597,000. Finally, Kera Capital Partners Inc. bought a new position in Amplitude during the 4th quarter valued at approximately $1,498,000. Institutional investors own 73.20% of the company’s stock.

Amplitude Stock Up 2.4 %

Amplitude stock opened at $12.18 on Friday. The company has a market capitalization of $1.15 billion, a P/E ratio of -18.18 and a beta of 1.34. The stock’s 50 day moving average is $11.04 and its 200 day moving average is $9.64. Amplitude, Inc. has a twelve month low of $7.37 and a twelve month high of $14.42.

Insider Buying and Selling

In other Amplitude news, Director Eric Vishria sold 6,437 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $12.02, for a total transaction of $77,372.74. Following the sale, the director now directly owns 279,771 shares in the company, valued at approximately $3,362,847.42. This trade represents a 2.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 35,000 shares of company stock worth $374,629 in the last 90 days. Insiders own 4.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. 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 report on Friday, November 8th. Piper Sandler raised Amplitude from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $11.00 to $15.00 in a research report on Monday, January 6th. 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. Morgan Stanley raised Amplitude from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $10.00 to $11.00 in a research report on Monday, January 13th. Finally, Scotiabank increased their target price on Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.43.

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.