Amplitude, Inc. (NASDAQ:AMPL) Short Interest Up 17.4% in February

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,960,000 shares, a growth of 17.4% from the February 13th total of 1,670,000 shares. Approximately 2.5% of the company's shares are sold short. Based on an average daily trading volume, of 661,300 shares, the short-interest ratio is presently 3.0 days.

Insider Activity at Amplitude

In related news, Director Eric Vishria sold 35,000 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $12.80, for a total transaction of $448,000.00. Following the transaction, the director now owns 286,859 shares of the company's stock, valued at approximately $3,671,795.20. This represents a 10.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.80% of the company's stock.

Institutional Investors Weigh In On Amplitude

Several large investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Amplitude by 8.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,843 shares of the company's stock valued at $1,539,000 after purchasing an additional 11,765 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Amplitude during the 4th quarter valued at $716,000. Thrive Capital Management LLC acquired a new stake in Amplitude during the 4th quarter valued at $904,000. State of Wyoming grew its holdings in Amplitude by 991.2% during the 4th quarter. State of Wyoming now owns 30,020 shares of the company's stock valued at $317,000 after purchasing an additional 27,269 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Amplitude during the 4th quarter valued at $4,320,000. Institutional investors and hedge funds own 73.20% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AMPL shares. Needham & Company LLC reissued a "buy" rating and set a $16.00 price objective on shares of Amplitude in a research note on Tuesday, March 11th. Piper Sandler upped their price objective on shares of Amplitude from $15.00 to $17.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Robert W. Baird raised shares of Amplitude from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $12.00 to $17.00 in a research report on Thursday, February 20th. KeyCorp raised shares of Amplitude from a "sector weight" rating to an "overweight" rating and set a $15.00 price target for the company in a research report on Friday, December 13th. Finally, Morgan Stanley upped their price target on shares of Amplitude from $11.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 20th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $15.00.

Amplitude Stock Down 1.2 %

Shares of Amplitude stock traded down $0.14 during trading hours on Friday, hitting $11.65. The company's stock had a trading volume of 1,303,414 shares, compared to its average volume of 541,011. Amplitude has a 1-year low of $7.37 and a 1-year high of $14.88. The business has a fifty day moving average of $12.00 and a 200 day moving average of $10.61. The company has a market capitalization of $1.51 billion, a PE ratio of -15.13 and a beta of 1.35.

Amplitude (NASDAQ:AMPL - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.27). Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. The business had revenue of $78.13 million during the quarter, compared to analyst estimates of $76.68 million. On average, sell-side analysts anticipate that Amplitude will post -0.62 earnings per share for the current fiscal year.

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.