Bank of New York Mellon Corp Has $9.63 Million Holdings in Amplitude, Inc. (NASDAQ:AMPL)

Bank of New York Mellon Corp raised its position in shares of Amplitude, Inc. (NASDAQ:AMPL) by 7.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 875,568 shares of the company’s stock after buying an additional 59,531 shares during the period. Bank of New York Mellon Corp owned about 0.75% of Amplitude worth $9,631,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Battery Management CORP. grew its holdings in Amplitude by 41.3% during the 1st quarter. Battery Management CORP. now owns 8,587,825 shares of the company’s stock worth $111,769,000 after acquiring an additional 2,511,480 shares during the last quarter. Toronado Partners LLC bought a new stake in shares of Amplitude during the first quarter valued at approximately $18,993,000. Vanguard Group Inc. increased its holdings in shares of Amplitude by 32.1% in the first quarter. Vanguard Group Inc. now owns 3,922,497 shares of the company’s stock valued at $72,291,000 after purchasing an additional 952,406 shares in the last quarter. State Street Corp raised its position in Amplitude by 512.7% in the 2nd quarter. State Street Corp now owns 971,972 shares of the company’s stock worth $13,889,000 after purchasing an additional 813,324 shares during the last quarter. Finally, Millennium Management LLC raised its position in Amplitude by 72.4% in the 4th quarter. Millennium Management LLC now owns 1,187,182 shares of the company’s stock worth $14,341,000 after purchasing an additional 498,749 shares during the last quarter. Institutional investors own 45.14% of the company’s stock.

Amplitude Trading Down 0.2 %

Shares of AMPL opened at $10.46 on Friday. The stock has a market cap of $1.25 billion, a P/E ratio of -12.60 and a beta of 1.35. Amplitude, Inc. has a 1 year low of $8.50 and a 1 year high of $16.95. The stock’s 50-day moving average price is $10.88 and its two-hundred day moving average price is $10.92.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Piper Sandler lifted their target price on Amplitude from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday, November 9th. Citigroup lifted their price objective on Amplitude from $12.00 to $13.00 in a research report on Wednesday, August 9th. Finally, Morgan Stanley dropped their price objective on Amplitude from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Amplitude has a consensus rating of “Hold” and a consensus price target of $14.00.

Amplitude Company Profile

Amplitude, Inc provides a digital analytics platform to analyze customer behavior within digital products in the United States and internationally. It offers Amplitude Analytics provides product, marketing, experience analytics, and AI-Driven alerts; Experimentation, a solution that integrates with analytics to plan, deliver, monitor, and analyze tests and product changes; Audience Management tools leverage the data in analytics to build audience lists through behavioral segmentation or machine learning powered predictions; and Data Streaming tools helps to move event data and user profiles to other tools in customers' stacks in real-time to destinations, such as marketing platforms, ad networks, personalization engines, and others; and Amplitude CDP, an insight-driven solution that encompasses the data infrastructure, audience management, and data streaming capabilities.