Kera Capital Partners Inc. Makes New Investment in Amplitude, Inc. (NASDAQ:AMPL)

Kera Capital Partners Inc. acquired a new stake in shares of Amplitude, Inc. (NASDAQ:AMPL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 142,007 shares of the company’s stock, valued at approximately $1,498,000. Kera Capital Partners Inc. owned 0.15% of Amplitude as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Intech Investment Management LLC purchased a new position in Amplitude during the 3rd quarter valued at about $128,000. XTX Topco Ltd bought a new stake in shares of Amplitude in the 2nd quarter worth approximately $133,000. MQS Management LLC increased its stake in shares of Amplitude by 69.4% during the second quarter. MQS Management LLC now owns 18,617 shares of the company’s stock valued at $166,000 after buying an additional 7,625 shares during the period. Blue Trust Inc. raised its holdings in shares of Amplitude by 13.5% during the third quarter. Blue Trust Inc. now owns 19,518 shares of the company’s stock valued at $174,000 after acquiring an additional 2,324 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Amplitude by 19.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,146 shares of the company’s stock worth $199,000 after acquiring an additional 3,552 shares during the period. Institutional investors own 73.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Robert W. Baird boosted their price objective on shares of Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. KeyCorp raised shares of Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price target for the company in a research note on Friday, December 13th. Morgan Stanley raised Amplitude from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $10.00 to $11.00 in a research report on Monday, January 13th. Piper Sandler raised Amplitude from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $11.00 to $15.00 in a research report on Monday, January 6th. Finally, Scotiabank lifted their price target on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Amplitude currently has an average rating of “Hold” and a consensus price target of $12.43.

Insiders Place Their Bets

In other news, Director Eric Vishria sold 6,437 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $12.02, for a total value of $77,372.74. Following the transaction, the director now owns 279,771 shares in the company, valued at approximately $3,362,847.42. This represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.80% of the company’s stock.

Amplitude Stock Up 2.4 %

Shares of AMPL opened at $10.90 on Friday. The stock has a market cap of $1.03 billion, a P/E ratio of -16.27 and a beta of 1.34. The business’s 50 day moving average price is $10.77 and its 200-day moving average price is $9.42. Amplitude, Inc. has a 52 week low of $7.37 and a 52 week high of $14.42.

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.