Charles Schwab Investment Management Inc. Raises Stock Holdings in Amplitude, Inc. (NASDAQ:AMPL)

Charles Schwab Investment Management Inc. raised its position in shares of Amplitude, Inc. (NASDAQ:AMPL) by 3.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 651,605 shares of the company’s stock after buying an additional 20,657 shares during the period. Charles Schwab Investment Management Inc. owned about 0.53% of Amplitude worth $5,845,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC increased its stake in shares of Amplitude by 19.5% during the second quarter. Renaissance Technologies LLC now owns 413,100 shares of the company’s stock valued at $3,677,000 after buying an additional 67,500 shares during the period. TD Asset Management Inc boosted its holdings in Amplitude by 24.2% in the second quarter. TD Asset Management Inc now owns 224,818 shares of the company’s stock valued at $2,001,000 after acquiring an additional 43,780 shares in the last quarter. Horrell Capital Management Inc. purchased a new position in Amplitude during the 3rd quarter valued at $1,597,000. Rhumbline Advisers raised its holdings in Amplitude by 14.5% in the 2nd quarter. Rhumbline Advisers now owns 103,237 shares of the company’s stock worth $919,000 after purchasing an additional 13,099 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Amplitude by 418.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 66,592 shares of the company’s stock worth $597,000 after purchasing an additional 53,741 shares in the last quarter. Hedge funds and other institutional investors own 73.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AMPL. Robert W. Baird lifted their target price on shares of Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Piper Sandler lifted their price objective on Amplitude from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. 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. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $11.00.

Amplitude Price Performance

Shares of NASDAQ AMPL opened at $11.39 on Friday. Amplitude, Inc. has a 1 year low of $7.37 and a 1 year high of $14.42. The firm has a 50-day moving average of $9.84 and a 200 day moving average of $9.01. The stock has a market cap of $1.08 billion, a P/E ratio of -17.00 and a beta of 1.38.

Insider Activity

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 completion of the transaction, the director now owns 286,208 shares of the company’s stock, valued at $2,913,597.44. The trade was a 8.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.