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

Amplitude, Inc. (NASDAQ:AMPL) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 1,720,000 shares, a growth of 7.5% from the November 15th total of 1,600,000 shares. Currently, 2.3% of the company’s shares are sold short. Based on an average daily trading volume, of 416,000 shares, the days-to-cover ratio is presently 4.1 days.

Amplitude Stock Up 3.2 %

Shares of NASDAQ AMPL opened at $11.76 on Monday. The company has a 50 day moving average of $9.89 and a 200 day moving average of $9.02. Amplitude has a twelve month low of $7.37 and a twelve month high of $14.42. The firm has a market cap of $1.11 billion, a P/E ratio of -17.55 and a beta of 1.38.

Insider Activity

In other news, Director Eric Vishria sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $10.18, for a total transaction of $254,500.00. Following the transaction, the director now directly owns 286,208 shares of the company’s stock, valued at approximately $2,913,597.44. The trade was a 8.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Amplitude

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC increased its position in Amplitude by 0.8% during the third quarter. FMR LLC now owns 8,056,003 shares of the company’s stock valued at $72,262,000 after acquiring an additional 64,574 shares during the last quarter. Geode Capital Management LLC boosted its position in Amplitude by 7.1% in the third quarter. Geode Capital Management LLC now owns 1,903,531 shares of the company’s stock worth $17,078,000 after purchasing an additional 126,056 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its stake in shares of Amplitude by 56.6% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,482,738 shares of the company’s stock valued at $13,300,000 after purchasing an additional 535,624 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Amplitude by 3.3% during 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 during the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of 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. 73.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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.