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

Amplitude, Inc. (NASDAQ:AMPL) saw a large increase in short interest in the month of 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. Based on an average daily volume of 569,300 shares, the days-to-cover ratio is presently 7.0 days. Currently, 5.8% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AMPL shares. UBS Group dropped their target price on Amplitude from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Friday, May 10th. KeyCorp started coverage on Amplitude in a report on Thursday, March 21st. They set a “sector weight” rating on the stock. Finally, Morgan Stanley dropped their target price on Amplitude from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.20.

Insider Transactions at Amplitude

In other news, Director Catherine Wong sold 3,515 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $9.16, for a total value of $32,197.40. Following the transaction, the director now directly owns 82,820 shares in the company, valued at approximately $758,631.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 28.71% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Amplitude by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 8,107,888 shares of the company’s stock worth $88,214,000 after acquiring an additional 264,477 shares in the last quarter. FMR LLC boosted its position in Amplitude by 15.1% during the 3rd quarter. FMR LLC now owns 2,949,218 shares of the company’s stock valued at $34,122,000 after purchasing an additional 386,413 shares during the period. Sunriver Management LLC boosted its position in Amplitude by 28.2% during the 4th quarter. Sunriver Management LLC now owns 2,242,883 shares of the company’s stock valued at $28,529,000 after purchasing an additional 493,046 shares during the period. Optimus Prime Fund Management Co. Ltd. boosted its position in Amplitude by 14.3% during the 4th quarter. Optimus Prime Fund Management Co. Ltd. now owns 1,515,100 shares of the company’s stock valued at $19,272,000 after purchasing an additional 190,000 shares during the period. Finally, Janus Henderson Group PLC boosted its position in Amplitude by 3,607.6% during the 1st quarter. Janus Henderson Group PLC now owns 859,723 shares of the company’s stock valued at $9,353,000 after purchasing an additional 836,535 shares during the period. Institutional investors and hedge funds own 73.20% of the company’s stock.

Amplitude Trading Up 0.8 %

NASDAQ AMPL traded up $0.07 during mid-day trading on Friday, reaching $8.90. 1,909,977 shares of the company’s stock traded hands, compared to its average volume of 754,468. Amplitude has a 1-year low of $8.12 and a 1-year high of $14.42. The company has a fifty day simple moving average of $9.15 and a 200-day simple moving average of $11.03. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -12.19 and a beta of 1.31.

Amplitude (NASDAQ:AMPL) last issued its earnings results on Thursday, May 9th. The company reported ($0.18) EPS for the quarter, hitting 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 return on equity of 26.15% and a negative net margin of 30.28%. Equities research analysts forecast that Amplitude will post -0.61 earnings per share for the current fiscal year.

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.