Short Interest in Amplitude, Inc. (NASDAQ:AMPL) Declines By 16.3%

Amplitude, Inc. (NASDAQ:AMPL – Get Rating) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 2,470,000 shares, a decrease of 16.3% from the February 13th total of 2,950,000 shares. Currently, 4.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 551,200 shares, the days-to-cover ratio is presently 4.5 days.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AMPL. Citigroup increased their price target on shares of Amplitude from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, February 17th. William Blair reissued an “outperform” rating on shares of Amplitude in a research report on Thursday, December 8th. Robert W. Baird dropped their price objective on shares of Amplitude from $20.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, December 21st. Bank of America raised shares of Amplitude from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Wednesday, January 4th. Finally, Morgan Stanley increased their price objective on shares of Amplitude from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 16th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.75.

Insiders Place Their Bets

In other Amplitude news, President Thomas Neergaard Hansen sold 19,638 shares of the company’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $12.17, for a total transaction of $238,994.46. Following the transaction, the president now directly owns 967,394 shares in the company, valued at $11,773,184.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO Ninos Sarkis sold 2,523 shares of the company’s stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $14.61, for a total transaction of $36,861.03. Following the transaction, the chief accounting officer now owns 83,891 shares of the company’s stock, valued at $1,225,647.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas Neergaard Hansen sold 19,638 shares of the company’s stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $12.17, for a total transaction of $238,994.46. Following the transaction, the president now directly owns 967,394 shares in the company, valued at approximately $11,773,184.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,676 shares of company stock worth $326,261. 45.39% of the stock is owned by company insiders.

Institutional Trading of Amplitude

Several institutional investors and hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. raised its stake in Amplitude by 2.1% during the fourth quarter. Alliancebernstein L.P. now owns 59,660 shares of the company’s stock valued at $721,000 after buying an additional 1,226 shares in the last quarter. Adams Street Partners LLC acquired a new stake in Amplitude during the fourth quarter valued at approximately $501,000. Lazard Asset Management LLC acquired a new stake in Amplitude during the fourth quarter valued at approximately $30,000. Trustees of Columbia University in the City of New York acquired a new stake in Amplitude during the fourth quarter valued at approximately $229,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Amplitude during the fourth quarter valued at approximately $908,000. Institutional investors and hedge funds own 40.90% of the company’s stock.

Amplitude Trading Down 7.0 %

AMPL opened at $11.69 on Monday. The company has a fifty day simple moving average of $13.66 and a 200 day simple moving average of $14.27. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of -14.08 and a beta of 1.36. Amplitude has a twelve month low of $10.51 and a twelve month high of $21.50.

Amplitude Company Profile

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Amplitude, Inc provides a digital optimization system to analyze customer behavior within digital products in the United States and internationally. It offers Amplitude analytics for insights of customer behavior; Amplitude Recommend, a no-code personalization solution that helps to increase customer engagement by adapting digital products and campaigns to every user based on behavior; Amplitude Experiment, an integrated solution that enables teams to determine and deliver the product experiences for their customers through A/B tests and controlled feature releases; Amplitude Behavioral Graph, a proprietary database for deep, real-time interactive behavioral analysis, and behavior-driven personalization – instantly joining, analyzing, and correlating any customer actions to outcomes, such as engagement, growth, and loyalty; and data management, a real-time data layer for planning, integrating, and managing data sources to create a foundation with identity resolution, enterprise-level security, and privacy solutions.