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
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
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.
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