American International Group Inc. increased its position in shares of Amplitude, Inc. (NASDAQ:AMPL – Free Report) by 20.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,602 shares of the company’s stock after buying an additional 5,613 shares during the quarter. American International Group Inc.’s holdings in Amplitude were worth $359,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Battery Management CORP. boosted its position in Amplitude by 41.3% during the first quarter. Battery Management CORP. now owns 8,587,825 shares of the company’s stock valued at $111,769,000 after purchasing an additional 2,511,480 shares during the last quarter. Penn Mutual Asset Management LLC acquired a new position in Amplitude during the first quarter valued at approximately $224,000. Bank of New York Mellon Corp boosted its position in Amplitude by 7.3% during the second quarter. Bank of New York Mellon Corp now owns 875,568 shares of the company’s stock valued at $9,631,000 after purchasing an additional 59,531 shares during the last quarter. Prelude Capital Management LLC acquired a new position in Amplitude during the first quarter valued at approximately $424,000. Finally, Los Angeles Capital Management LLC boosted its position in Amplitude by 7.8% during the second quarter. Los Angeles Capital Management LLC now owns 55,914 shares of the company’s stock valued at $615,000 after purchasing an additional 4,025 shares during the last quarter. 45.14% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
AMPL has been the subject of several recent research reports. Piper Sandler increased their price target on Amplitude from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Thursday, November 9th. Citigroup raised their price objective on Amplitude from $12.00 to $13.00 in a research report on Wednesday, August 9th. Finally, Morgan Stanley cut their price objective on Amplitude from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 14th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $14.00.
Amplitude Trading Down 0.2 %
NASDAQ:AMPL opened at $10.46 on Monday. The stock has a market cap of $1.25 billion, a P/E ratio of -12.60 and a beta of 1.35. The stock has a 50 day simple moving average of $10.88 and a 200 day simple moving average of $10.92. Amplitude, Inc. has a 1-year low of $8.50 and a 1-year high of $16.95.
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.
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