Verition Fund Management LLC Reduces Stock Position in Amplitude, Inc. (NASDAQ:AMPL)

Verition Fund Management LLC lowered its holdings in Amplitude, Inc. (NASDAQ:AMPL) by 26.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,187 shares of the company’s stock after selling 10,859 shares during the quarter. Verition Fund Management LLC’s holdings in Amplitude were worth $271,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. FMR LLC raised its position in shares of Amplitude by 0.8% in the third quarter. FMR LLC now owns 8,056,003 shares of the company’s stock worth $72,262,000 after acquiring an additional 64,574 shares during the period. Charles Schwab Investment Management Inc. increased its stake 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 valued at $5,845,000 after purchasing an additional 20,657 shares in the last quarter. Cerity Partners LLC raised its holdings in Amplitude by 524.9% in the 3rd quarter. Cerity Partners LLC now owns 460,624 shares of the company’s stock worth $4,132,000 after purchasing an additional 386,915 shares during the period. Renaissance Technologies LLC boosted its position in Amplitude by 19.5% during the second quarter. Renaissance Technologies LLC now owns 413,100 shares of the company’s stock worth $3,677,000 after purchasing an additional 67,500 shares in the last quarter. Finally, TD Asset Management Inc grew 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 purchasing an additional 43,780 shares during the period. Hedge funds and other institutional investors own 73.20% of the company’s stock.

Amplitude Stock Up 3.2 %

Shares of AMPL opened at $11.76 on Friday. Amplitude, Inc. has a 52-week low of $7.37 and a 52-week high of $14.42. The stock has a market cap of $1.11 billion, a PE ratio of -17.55 and a beta of 1.38. The firm’s fifty day moving average is $9.89 and its two-hundred day moving average is $9.02.

Analyst Upgrades and Downgrades

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

Insider Transactions at Amplitude

In other Amplitude news, Director Eric Vishria sold 25,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were 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 owns 286,208 shares in the company, valued at approximately $2,913,597.44. This represents a 8.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.80% of the company’s stock.

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.