Kera Capital Partners Inc. Invests in Amplitude, Inc.

Kera Capital Partners Inc. has made a new investment in Amplitude, Inc. (NASDAQ:AMPL) during the fourth quarter. This information was revealed in their latest Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired a total of 142,007 shares of Amplitude's stock, which is valued at approximately $1,498,000. As per the most recent filing, Kera Capital Partners Inc. now holds about 0.15% of Amplitude's outstanding shares.

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In addition to Kera's investment, other institutional investors and hedge funds have also been adjusting their positions in Amplitude recently. Intech Investment Management LLC made a new investment in Amplitude during the third quarter, amounting to around $128,000. Likewise, XTX Topco Ltd purchased a new stake in the stock during the second quarter, valued at approximately $133,000. MQS Management LLC also increased its stake by 69.4% in the second quarter, ultimately owning 18,617 shares valued at $166,000 after acquiring an additional 7,625 shares during that period. Furthermore, Blue Trust Inc. raised its holdings in Amplitude by 13.5%, now owning 19,518 shares valued at $174,000, after acquiring an additional 2,324 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank also lifted its stake during the third quarter by 19.1%, owning 22,146 shares worth $199,000 after acquiring 3,552 new shares. Overall, institutional investors now hold 73.20% of Amplitude's stock.

Analyst Updates

Several research analysts have recently provided reports on Amplitude's stock. For example, Robert W. Baird increased its price target for Amplitude, raising it from $10.00 to $12.00, while maintaining a "neutral" rating in a research report on November 8th. KeyCorp upgraded Amplitude from a "sector weight" to an "overweight" rating and set a price target of $15.00 in a report on December 13th. Additionally, Morgan Stanley upgraded its rating from "underweight" to "equal weight" and raised its price objective from $10.00 to $11.00 in a report on January 13th. Piper Sandler also rated Amplitude from "neutral" to "overweight", increasing their price target from $11.00 to $15.00 in a report on January 6th. Finally, Scotiabank also boosted their price target from $10.00 to $12.00 and rated the stock as "sector perform" on November 8th. Currently, five analysts have given Amplitude a hold rating, while two have rated it as a buy. According to MarketBeat data, Amplitude currently has an average rating of "Hold" and a consensus price target of $12.43.

Read Our Latest Stock Analysis on AMPL

Insider Transactions

In other news regarding insiders, Director Eric Vishria sold 6,437 shares of Amplitude's stock on December 13th at an average price of $12.02, totaling approximately $77,372.74. Following this transaction, the director now owns 279,771 shares valued at around $3,362,847.42. This sale represents a decrease of 2.25% in his ownership of the stock. The transaction was disclosed in a filing with the SEC, which is publicly available. Corporate insiders currently hold about 4.80% of the company's stock.

Current Stock Performance

As of the most recent trading session, shares of Amplitude opened at $10.90. The stock possesses a market capitalization of $1.03 billion and shows a P/E ratio of -16.27, along with a beta of 1.34. The company's 50-day moving average price stands at $10.77, while its 200-day moving average price is $9.42. Amplitude, Inc. has recorded a 52-week low of $7.37 and a 52-week high of $14.42.

About Amplitude

Amplitude, Inc., along with its subsidiaries, offers a digital analytics platform aimed at analyzing customer behavior both domestically and internationally. Their product offerings include Amplitude Analytics, which provides real-time product data and reconstructed user visits; Amplitude Experiment, which allows teams to test new features; Amplitude CDP, an insight-driven solution covering the data infrastructure; and Amplitude Session Replay, used for understanding user behavior and improving product outcomes.

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This summary was generated using technology and data analysis to provide prompt and accurate reporting. Any questions about this article can be addressed to the relevant authors.

Considerations for $1,000 Investment

Before making an investment decision regarding Amplitude, it's essential to assess the broader market insights. MarketBeat monitors Wall Street's leading analysts and their recommended stocks. While Amplitude maintains a "Hold" rating, analysts suggest that there are five better stock buys currently favored.

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