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

Amplitude, Inc. (NASDAQ:AMPL) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 6,749,302 shares, an increase of 24.9% from the January 15th total of 5,402,838 shares. Approximately 5.3% of the company’s shares are short sold. Based on an average daily volume of 1,346,142 shares, the days-to-cover ratio is currently 5.0 days. Based on an average daily volume of 1,346,142 shares, the days-to-cover ratio is currently 5.0 days. Approximately 5.3% of the company’s shares are short sold.

Insider Activity at Amplitude

In related news, Director Erica Schultz sold 10,000 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $10.88, for a total transaction of $108,800.00. Following the sale, the director owned 114,906 shares of the company’s stock, valued at approximately $1,250,177.28. This trade represents a 8.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Spenser Skates sold 42,743 shares of Amplitude stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $12.01, for a total value of $513,343.43. The disclosure for this sale is available in the SEC filing. Insiders sold 52,843 shares of company stock valued at $623,343 in the last ninety days. Insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Amplitude

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMPL. Squarepoint Ops LLC boosted its stake in shares of Amplitude by 27.7% during the 4th quarter. Squarepoint Ops LLC now owns 967,957 shares of the company’s stock worth $11,209,000 after buying an additional 209,887 shares during the last quarter. Mariner LLC raised its holdings in Amplitude by 68.9% during the fourth quarter. Mariner LLC now owns 34,912 shares of the company’s stock worth $405,000 after acquiring an additional 14,237 shares in the last quarter. Landscape Capital Management L.L.C. boosted its position in Amplitude by 7.5% during the fourth quarter. Landscape Capital Management L.L.C. now owns 30,386 shares of the company’s stock valued at $352,000 after purchasing an additional 2,132 shares during the last quarter. Barclays PLC boosted its position in Amplitude by 59.1% during the fourth quarter. Barclays PLC now owns 230,863 shares of the company’s stock valued at $2,673,000 after purchasing an additional 85,735 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Amplitude in the fourth quarter valued at approximately $2,958,000. 73.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMPL. Morgan Stanley set a $16.00 price target on Amplitude and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Amplitude in a report on Monday, December 29th. BTIG Research initiated coverage on shares of Amplitude in a research note on Tuesday, December 16th. They issued a “buy” rating and a $14.00 price target on the stock. Piper Sandler lowered their price objective on shares of Amplitude from $16.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, February 2nd. Finally, UBS Group upgraded shares of Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Amplitude presently has a consensus rating of “Moderate Buy” and an average target price of $14.40.

Amplitude Stock Up 2.1%

NASDAQ AMPL opened at $6.34 on Tuesday. The firm’s 50 day moving average is $10.12 and its 200-day moving average is $10.54. The company has a market capitalization of $847.59 million, a PE ratio of -7.92 and a beta of 1.49. Amplitude has a 12-month low of $5.99 and a 12-month high of $14.88.

About Amplitude

Amplitude, Inc is a software company specializing in digital analytics and product intelligence solutions for businesses seeking to optimize user engagement and drive growth. Its core offering, the Amplitude Analytics platform, enables customers to collect and analyze behavioral data from web and mobile applications in real time. The platform provides advanced segmentation, funnel analysis, retention tracking and pathfinding tools that help product, marketing and data teams understand user journeys, identify friction points and measure the impact of new features.

Founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang, Amplitude is headquartered in Redwood City, California, with additional offices spanning North America, Europe and Asia.