M&T Bank Corp Increases Stock Holdings in Amplitude, Inc. (NASDAQ:AMPL)

M&T Bank Corp lifted its holdings in shares of Amplitude, Inc. (NASDAQ:AMPL) by 86.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 156,688 shares of the company’s stock after purchasing an additional 72,806 shares during the quarter. M&T Bank Corp owned about 0.17% of Amplitude worth $1,405,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in AMPL. Quest Partners LLC purchased a new stake in Amplitude during the 2nd quarter worth approximately $41,000. Principal Financial Group Inc. acquired a new stake in shares of Amplitude in the second quarter valued at $92,000. Intech Investment Management LLC acquired a new stake in shares of Amplitude in the third quarter valued at $128,000. XTX Topco Ltd purchased a new position in Amplitude in the second quarter valued at $133,000. Finally, MQS Management LLC boosted its holdings in Amplitude by 69.4% in the second quarter. MQS Management LLC now owns 18,617 shares of the company’s stock valued at $166,000 after purchasing an additional 7,625 shares during the period. Hedge funds and other institutional investors own 73.20% of the company’s stock.

Amplitude Trading Up 3.2 %

AMPL stock opened at $11.76 on Monday. The company’s 50 day moving average is $9.89 and its two-hundred day moving average is $9.02. Amplitude, Inc. has a twelve month low of $7.37 and a twelve month high of $14.42. The stock has a market cap of $1.11 billion, a P/E ratio of -17.55 and a beta of 1.38.

Insider Buying and Selling

In related news, Director Eric Vishria sold 25,000 shares of the company’s 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 sale, the director now directly owns 286,208 shares of the company’s stock, valued at $2,913,597.44. This represents a 8.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AMPL shares. Scotiabank lifted their price objective on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Piper Sandler boosted their price target on shares of Amplitude from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Robert W. Baird raised their price objective on shares of Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, KeyCorp upgraded shares of Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 target price for the company in a research note on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Amplitude has a consensus rating of “Hold” and an average target price of $11.57.

Amplitude Company 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.