MQS Management LLC Raises Stock Holdings in Amplitude, Inc. (NASDAQ:AMPL)

MQS Management LLC lifted its holdings in shares of Amplitude, Inc. (NASDAQ:AMPL) by 38.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,729 shares of the company’s stock after acquiring an additional 7,112 shares during the quarter. MQS Management LLC’s holdings in Amplitude were worth $231,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Horrell Capital Management Inc. bought a new position in Amplitude during the third quarter valued at $1,597,000. Allspring Global Investments Holdings LLC grew its holdings in Amplitude by 418.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 66,592 shares of the company’s stock valued at $597,000 after purchasing an additional 53,741 shares during the period. Blue Trust Inc. grew its holdings in Amplitude by 13.5% during the third quarter. Blue Trust Inc. now owns 19,518 shares of the company’s stock valued at $174,000 after purchasing an additional 2,324 shares during the period. Creative Planning grew its holdings in Amplitude by 152.4% during the third quarter. Creative Planning now owns 26,166 shares of the company’s stock valued at $235,000 after purchasing an additional 15,800 shares during the period. Finally, Inspire Investing LLC grew its holdings in Amplitude by 16.3% during the third quarter. Inspire Investing LLC now owns 46,088 shares of the company’s stock valued at $413,000 after purchasing an additional 6,464 shares during the period. 73.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Amplitude Stock Performance

Shares of AMPL stock opened at $9.59 on Friday. The business’s fifty day moving average is $9.07 and its 200 day moving average is $8.84. Amplitude, Inc. has a 52-week low of $7.37 and a 52-week high of $14.42. The company has a market capitalization of $907.13 million, a PE ratio of -14.31 and a beta of 1.31.

Insider Buying and Selling at Amplitude

In other news, Director Eric Vishria sold 25,000 shares of Amplitude stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $10.18, for a total value of $254,500.00. Following the transaction, the director now owns 286,208 shares in the company, valued at approximately $2,913,597.44. The trade was a 8.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.80% of the company’s stock.

Amplitude 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.