Amplitude, Inc. (NASDAQ:AMPL) Stock Position Decreased by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lowered its holdings in Amplitude, Inc. (NASDAQ:AMPL) by 19.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,305 shares of the company’s stock after selling 10,385 shares during the period. Stanley Laman Group Ltd.’s holdings in Amplitude were worth $457,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMPL. FMR LLC lifted its holdings in shares of Amplitude by 0.8% in the 3rd quarter. FMR LLC now owns 8,056,003 shares of the company’s stock worth $72,262,000 after purchasing an additional 64,574 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Amplitude by 7.1% during the third quarter. Geode Capital Management LLC now owns 1,903,531 shares of the company’s stock valued at $17,078,000 after acquiring an additional 126,056 shares during the period. ArrowMark Colorado Holdings LLC grew its position in shares of Amplitude by 56.6% during the third quarter. ArrowMark Colorado Holdings LLC now owns 1,482,738 shares of the company’s stock worth $13,300,000 after acquiring an additional 535,624 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Amplitude by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 651,605 shares of the company’s stock worth $5,845,000 after acquiring an additional 20,657 shares during the period. Finally, Cerity Partners LLC lifted 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 purchasing an additional 386,915 shares during the last quarter. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Amplitude Stock Up 0.9 %

Shares of Amplitude stock opened at $12.46 on Friday. The business has a fifty day simple moving average of $11.34 and a 200-day simple moving average of $9.89. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -18.60 and a beta of 1.37. Amplitude, Inc. has a fifty-two week low of $7.37 and a fifty-two week high of $14.40.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Piper Sandler upgraded shares of Amplitude from a “neutral” rating to an “overweight” rating and raised their price target for the company from $11.00 to $15.00 in a research note on Monday, January 6th. Morgan Stanley upgraded Amplitude from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $10.00 to $11.00 in a research report on Monday, January 13th. Scotiabank lifted their target price on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. DA Davidson raised Amplitude to a “hold” rating in a research note on Monday. Finally, KeyCorp upgraded shares of Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price objective on the stock in a research note on Friday, December 13th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $12.43.

Insider Buying and Selling at Amplitude

In other news, Director Eric Vishria sold 3,563 shares of Amplitude stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $12.00, for a total value of $42,756.00. Following the transaction, the director now owns 276,208 shares of the company’s stock, valued at $3,314,496. The trade was a 1.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 4.80% of the stock is owned by corporate insiders.

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.