Amplitude, Inc. (NASDAQ:AMPL) Short Interest Update

Amplitude, Inc. (NASDAQ:AMPL) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,960,000 shares, an increase of 17.4% from the February 13th total of 1,670,000 shares. Approximately 2.5% of the company’s shares are sold short. Based on an average daily trading volume, of 661,300 shares, the days-to-cover ratio is currently 3.0 days.

Insider Activity

In related news, Director Eric Vishria sold 35,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $12.80, for a total value of $448,000.00. Following the transaction, the director now owns 286,859 shares of the company’s stock, valued at $3,671,795.20. This represents a 10.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Amplitude

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Amplitude by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 9,189,698 shares of the company’s stock valued at $96,951,000 after buying an additional 447,277 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Amplitude by 9.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,996,229 shares of the company’s stock worth $94,911,000 after purchasing an additional 770,227 shares in the last quarter. FMR LLC increased its stake in shares of Amplitude by 0.8% during the 3rd quarter. FMR LLC now owns 8,056,003 shares of the company’s stock worth $72,262,000 after purchasing an additional 64,574 shares in the last quarter. Sunriver Management LLC grew its stake in Amplitude by 24.3% in the 4th quarter. Sunriver Management LLC now owns 3,772,808 shares of the company’s stock worth $39,803,000 after acquiring an additional 737,600 shares during the period. Finally, Geode Capital Management LLC grew its stake in Amplitude by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,955,564 shares of the company’s stock worth $20,636,000 after acquiring an additional 52,033 shares during the period. Institutional investors and hedge funds own 73.20% of the company’s stock.

Amplitude Trading Up 1.3 %

Amplitude stock opened at $11.79 on Friday. Amplitude has a twelve month low of $7.37 and a twelve month high of $14.88. The stock’s fifty day simple moving average is $11.98 and its 200-day simple moving average is $10.56. The firm has a market capitalization of $1.53 billion, a P/E ratio of -15.31 and a beta of 1.35.

Amplitude (NASDAQ:AMPL) last posted its earnings results on Wednesday, February 19th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.27). The business had revenue of $78.13 million during the quarter, compared to analysts’ expectations of $76.68 million. Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. Sell-side analysts predict that Amplitude will post -0.62 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. KeyCorp upgraded Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price objective for the company in a report on Friday, December 13th. Piper Sandler increased their price target on Amplitude from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. UBS Group raised their target price on Amplitude from $10.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Robert W. Baird upgraded Amplitude from a “neutral” rating to an “outperform” rating and raised their target price for the company from $12.00 to $17.00 in a research report on Thursday, February 20th. Finally, Bank of America lifted their price objective on Amplitude from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.00.

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.