Selling Buzz: Amplitude Inc. [AMPL] Director Wong Catherine sells 3,515 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Amplitude Inc. shares valued at $60,188 were sold by Wong Catherine on May 17. At $17.12 per share, Wong Catherine sold 3,515 shares. The insider’s holdings dropped to 110,940 shares worth approximately $2.01 million following the completion of this transaction.


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Also, Sarkis Ninos sold 511 shares, netting a total of over 8,676 in proceeds. Following the sale of shares at $16.98 each, the insider now holds 46,223 shares.

Before that, SC US (TTGP), LTD. had added 186,217 shares to its account. In a trade valued at $3,820,168, the 10% Owner bought Amplitude Inc. shares for $20.51 each. Upon closing the transaction, the insider’s holdings increased to 186,217 shares, worth approximately $40.41 million.

As published in their initiating research note from Scotiabank on June 09, 2022, Amplitude Inc. [AMPL] has been a Sector outperform and the price target has been revised to $25. This represents a 27.36% premium over Thursday’s closing price. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid May. As of December 08, 2021, Citigroup has initiated its “Buy” rating for AMPL.

Analyzing AMPL’s Price Performance

On Thursday, Amplitude Inc. [NASDAQ: AMPL] rose 12.66% to $18.16. The stock’s lowest price that day was $15.42, but it reached a high of $18.43 in the same session. During the last five days, there has been a surge of approximately 23.29%. Over the course of the year, Amplitude Inc. shares have dropped approximately -65.70%. A 50-day SMA is recorded $16.17, while a 200-day SMA reached $33.69. Nevertheless, trading volume fell to 2.91 million shares from 0.44 million shares the previous day.

Support And Resistance Levels for Amplitude Inc. (AMPL)

According to the 24-hour chart, there is a support level at 16.24, which, if violated, would cause prices to drop to 14.33. In the upper region, resistance lies at 19.25. The next price resistance is at 20.35. RSI (Relative Strength Index) is 63.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.90, which suggests the price will decrease in the coming days. Percent R is at 5.82%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Amplitude Inc. subject to short interest?

Stocks of Amplitude Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 1.05 million shares to 4.14 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.09 million shares. A jump of 25.36% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.14 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.14.

Which companies own the most shares of Amplitude Inc. (AMPL)?

According to The Vanguard Group, Inc. filings, the company currently owns 3,914,446 shares, which is about 6.55% of the total AMPL shares outstanding. The investor’s shares have appreciated by 956,593 from its previous 13-F filing of 2957853.0 shares. With the completion of the buy transaction, SoMa Equity Partners LP’s stake is now worth $28,580,000. T. Rowe Price Associates, Inc. acquire a 277.77% interest valued at $27.42 million while Toronado Partners LLC 1,030,526 stake. In its current portfolio, 12 West Capital Management LP holds 625,000 shares valued at $8.93 million.

In terms of Amplitude Inc. share price expectations, FactSet research, analysts set an average price target of $20.75 in the next 12 months, up nearly 33.37% from the previous closing price of $16.12. Analysts anticipate Amplitude Inc. stock to reach $22.00 by 2022, with the lowest price target being $18.00. In spite of this, 9 analysts ranked Amplitude Inc. stock as an Overweight at the end of 2022.

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