Amplitude, Inc. (NASDAQ:AMPL) Short Interest Down 21.5% in December

Amplitude, Inc. (NASDAQ:AMPL) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 1,350,000 shares, a drop of 21.5% from the November 30th total of 1,720,000 shares. Based on an average trading volume of 409,400 shares, the short-interest ratio is currently 3.3 days. Approximately 1.8% of the company’s stock are sold short.

Insider Activity at Amplitude

In other 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 in the company, valued at approximately $2,913,597.44. This represents a 8.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amplitude

A number of hedge funds have recently bought and sold shares of AMPL. FMR LLC grew its stake in shares of Amplitude by 0.8% in the 3rd quarter. FMR LLC now owns 8,056,003 shares of the company’s stock valued at $72,262,000 after purchasing an additional 64,574 shares during the period. Geode Capital Management LLC increased its stake in shares of Amplitude by 7.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,903,531 shares of the company’s stock valued at $17,078,000 after buying an additional 126,056 shares during the period. ArrowMark Colorado Holdings LLC lifted its stake in shares of Amplitude by 56.6% during the third quarter. ArrowMark Colorado Holdings LLC now owns 1,482,738 shares of the company’s stock valued at $13,300,000 after acquiring an additional 535,624 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Amplitude by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 651,605 shares of the company’s stock valued at $5,845,000 after acquiring an additional 20,657 shares during the period. Finally, Cerity Partners LLC increased its position in Amplitude by 524.9% in 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 period. 73.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMPL has been the topic of a number of recent research reports. KeyCorp upgraded Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 target price on the stock in a research report on Friday, December 13th. Piper Sandler upped their price target on shares of Amplitude from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Robert W. Baird lifted their price objective on Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Scotiabank upped their price objective on Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.57.

Amplitude Stock Down 4.0 %

Shares of AMPL traded down $0.44 during trading on Friday, reaching $10.69. The company’s stock had a trading volume of 191,130 shares, compared to its average volume of 504,117. Amplitude has a twelve month low of $7.37 and a twelve month high of $14.42. The company has a fifty day moving average of $10.37 and a two-hundred day moving average of $9.19. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -15.96 and a beta of 1.38.

About Amplitude

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.