Amplitude, Inc. (NASDAQ:AMPL) Short Interest Up 23.8% in January

Amplitude, Inc. (NASDAQ:AMPL) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 1,870,000 shares, an increase of 23.8% from the January 15th total of 1,510,000 shares. Based on an average daily volume of 437,000 shares, the short-interest ratio is presently 4.3 days. Currently, 2.5% of the company’s stock are short sold.

Insider Activity

In other news, Director Eric Vishria sold 3,563 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $12.00, for a total value of $42,756.00. Following the sale, the director now owns 276,208 shares of the company’s stock, valued at $3,314,496. The trade was a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Amplitude

Large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its holdings in shares of Amplitude by 1.0% during the 4th quarter. Rhumbline Advisers now owns 101,954 shares of the company’s stock worth $1,076,000 after buying an additional 1,040 shares during the period. Ameritas Investment Partners Inc. lifted its position in Amplitude by 22.3% during the fourth quarter. Ameritas Investment Partners Inc. now owns 8,172 shares of the company’s stock worth $86,000 after acquiring an additional 1,492 shares during the last quarter. Legal & General Group Plc lifted its position in Amplitude by 2.6% during the fourth quarter. Legal & General Group Plc now owns 82,998 shares of the company’s stock worth $876,000 after acquiring an additional 2,111 shares during the last quarter. Blue Trust Inc. boosted 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 worth $174,000 after acquiring an additional 2,324 shares during the period. Finally, Aquatic Capital Management LLC grew its position in shares of Amplitude by 176.5% in the fourth quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company’s stock valued at $44,000 after purchasing an additional 2,647 shares during the last quarter. Institutional investors own 73.20% of the company’s stock.

Amplitude Stock Down 3.4 %

NASDAQ:AMPL opened at $12.04 on Friday. Amplitude has a 12-month low of $7.37 and a 12-month high of $14.40. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -17.97 and a beta of 1.37. The stock’s 50 day moving average price is $11.36 and its two-hundred day moving average price is $9.91.

Analysts Set New Price Targets

AMPL has been the topic of several analyst reports. Robert W. Baird boosted their price target on shares of Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Morgan Stanley upgraded Amplitude from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $10.00 to $11.00 in a report on Monday, January 13th. DA Davidson upgraded Amplitude to a “hold” rating in a research note on Monday, February 10th. Piper Sandler raised Amplitude from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $11.00 to $15.00 in a research report on Monday, January 6th. Finally, Scotiabank increased their price objective on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $12.43.

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.