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 November. As of November 30th, there was short interest totalling 1,720,000 shares, an increase of 7.5% from the November 15th total of 1,600,000 shares. Based on an average trading volume of 416,000 shares, the days-to-cover ratio is currently 4.1 days. Currently, 2.3% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

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

Amplitude Stock Up 3.2 %

Shares of NASDAQ AMPL opened at $11.76 on Monday. The firm has a market capitalization of $1.11 billion, a P/E ratio of -17.55 and a beta of 1.38. The stock’s 50-day simple moving average is $9.89 and its two-hundred day simple moving average is $9.02. Amplitude has a twelve month low of $7.37 and a twelve month high of $14.42.

Insider Buying and Selling at Amplitude

In other Amplitude news, Director Eric Vishria sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $10.18, for a total transaction of $254,500.00. Following the sale, the director now directly owns 286,208 shares of the company’s stock, valued at $2,913,597.44. This represents a 8.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Amplitude

Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its stake in Amplitude by 19.5% in the 2nd quarter. Renaissance Technologies LLC now owns 413,100 shares of the company’s stock worth $3,677,000 after buying an additional 67,500 shares in the last quarter. Walleye Capital LLC purchased a new position in Amplitude in the third quarter worth $726,000. Horrell Capital Management Inc. bought a new position in Amplitude in the third quarter valued at $1,597,000. Algert Global LLC purchased a new stake in Amplitude during the third quarter valued at about $708,000. Finally, Cerity Partners LLC lifted its stake in Amplitude by 524.9% during the third 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 last quarter. 73.20% of the stock is owned by hedge funds and other institutional investors.

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.