Amplitude, Inc. (NASDAQ:AMPL) Short Interest Up 24.9% in January

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

Insider Buying and Selling

In other news, CEO Spenser Skates sold 42,743 shares of Amplitude stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $12.01, for a total transaction of $513,343.43. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Erica Schultz sold 10,000 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $10.88, for a total transaction of $108,800.00. Following the sale, the director directly owned 114,906 shares of the company’s stock, valued at approximately $1,250,177.28. The trade was a 8.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 52,843 shares of company stock worth $623,343. 4.80% of the stock is currently owned by insiders.

Institutional Trading of Amplitude

Large investors have recently made changes to their positions in the business. AQR Capital Management LLC raised its position in shares of Amplitude by 120.7% during the 1st quarter. AQR Capital Management LLC now owns 226,486 shares of the company’s stock valued at $2,308,000 after buying an additional 123,886 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Amplitude by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,399 shares of the company’s stock worth $473,000 after acquiring an additional 2,038 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in Amplitude during the first quarter valued at approximately $580,000. Jones Financial Companies Lllp lifted its stake in shares of Amplitude by 93,569.0% in the 1st quarter. Jones Financial Companies Lllp now owns 93,669 shares of the company’s stock valued at $954,000 after purchasing an additional 93,569 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Amplitude by 60.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 473,491 shares of the company’s stock valued at $4,825,000 after purchasing an additional 177,599 shares during the last quarter. 73.20% of the stock is currently owned by institutional investors.

Amplitude Stock Performance

NASDAQ AMPL opened at $6.34 on Monday. The company has a market capitalization of $847.59 million, a P/E ratio of -7.92 and a beta of 1.49. Amplitude has a one year low of $5.99 and a one year high of $14.88. The stock has a 50 day moving average price of $10.21 and a 200-day moving average price of $10.58.

Analyst Ratings Changes

AMPL has been the subject of a number of recent analyst reports. BTIG Research assumed coverage on Amplitude in a research note on Tuesday, December 16th. They issued a “buy” rating and a $14.00 price objective for the company. Piper Sandler lowered their price target on Amplitude from $16.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, February 2nd. UBS Group upgraded Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Friday, October 31st. Robert W. Baird increased their price objective on shares of Amplitude from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Friday, December 19th. Finally, Morgan Stanley set a $16.00 target price on shares of Amplitude and gave the stock an “overweight” rating in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $14.40.

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.