Amplitude, Inc. (NASDAQ:AMPL) Short Interest Update

Amplitude, Inc. (NASDAQ:AMPL) saw a large increase in short interest in June. As of June 15th, there was short interest totalling 3,990,000 shares, an increase of 73.5% from the May 31st total of 2,300,000 shares. Currently, 5.8% of the shares of the stock are short sold. Based on an average daily volume of 569,300 shares, the short-interest ratio is presently 7.0 days.

Analysts Set New Price Targets

AMPL has been the subject of a number of research reports. Morgan Stanley dropped their price objective on shares of Amplitude from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Friday, May 10th. UBS Group dropped their price objective on shares of Amplitude from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Friday, May 10th. Finally, KeyCorp assumed coverage on shares of Amplitude in a report on Thursday, March 21st. They set a “sector weight” rating for the company. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.20.

Amplitude Stock Performance

Shares of NASDAQ:AMPL traded up $0.02 during mid-day trading on Friday, hitting $8.85. The company had a trading volume of 104,890 shares, compared to its average volume of 528,838. The firm has a fifty day moving average price of $9.16 and a 200 day moving average price of $11.06. Amplitude has a one year low of $8.12 and a one year high of $14.42.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.18) earnings per share for the quarter, meeting the consensus estimate of ($0.18). The company had revenue of $72.62 million during the quarter, compared to analyst estimates of $72.25 million. Amplitude had a negative net margin of 30.28% and a negative return on equity of 26.15%. As a group, sell-side analysts anticipate that Amplitude will post -0.61 EPS for the current year.

Insider Activity

In related news, Director Catherine Wong sold 3,515 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $9.16, for a total value of $32,197.40. Following the completion of the transaction, the director now owns 82,820 shares in the company, valued at approximately $758,631.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 28.71% of the stock is currently owned by corporate insiders.

Institutional Trading of Amplitude

Hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new stake in Amplitude in the 1st quarter valued at $32,000. Russell Investments Group Ltd. acquired a new stake in Amplitude in the 1st quarter valued at $45,000. ANTIPODES PARTNERS Ltd acquired a new stake in Amplitude in the 1st quarter valued at $95,000. MQS Management LLC acquired a new stake in Amplitude in the 1st quarter valued at $120,000. Finally, Allspring Global Investments Holdings LLC grew its position in Amplitude by 22.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,885 shares of the company’s stock valued at $151,000 after purchasing an additional 2,170 shares during the period. Institutional investors and hedge funds own 73.20% of the company’s stock.

Amplitude Company Profile

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.