Taking a look at what insiders are doing to gauge the Amplitude Inc. (AMPL)’s direction


The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Amplitude Inc. shares valued at $197,023 were sold by HANSEN THOMAS NEERGAARD on Oct 10. At $15.19 per share, HANSEN THOMAS NEERGAARD sold 12,968 shares. The insider’s holdings dropped to 987,032 shares worth approximately $14.2 million following the completion of this transaction.

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Also, Wong Catherine sold 3,515 shares, netting a total of over 61,842 in proceeds. Following the sale of shares at $17.59 each, the insider now holds 107,425 shares.

Before that, Sarkis Ninos had sold 478 shares from its account. In a trade valued at $8,420, the Chief Accounting Officer traded Amplitude Inc. shares for $17.61 each. Upon closing the transaction, the insider’s holdings decreased to 478 shares, worth approximately $0.71 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 42.44% 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 Stock Performance

On Thursday, Amplitude Inc. [NASDAQ: AMPL] plunged -3.29% to $14.39. The stock’s lowest price that day was $14.35, but it reached a high of $17.435 in the same session. During the last five days, there has been a drop of approximately -10.62%. Over the course of the year, Amplitude Inc. shares have dropped approximately -72.82%. Shares of the company reached a 52-week high of $53.73 on 01/03/22 and a 52-week low of $13.42 on 06/30/22. A 50-day SMA is recorded $15.74, while a 200-day SMA reached $19.15. Nevertheless, trading volume fell to 1.26 million shares from 0.52 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 13.35, which, if violated, would cause prices to drop to 12.31. In the upper region, resistance lies at 16.43. The next price resistance is at 18.48. RSI (Relative Strength Index) is 40.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.42, which suggests the price will decrease in the coming days. Percent R is at 98.71%, indicating bearish 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 3,989,560 shares, which is about 6.02% of the total AMPL shares outstanding. The investor’s shares have appreciated by 75,114 from its previous 13-F filing of 3914446.0 shares. With the completion of the buy transaction, SoMa Equity Partners LP’s stake is now worth $46,410,000. BlackRock Fund Advisors acquire a 705.64% interest valued at $42.04 million while T. Rowe Price Associates, Inc. purchased a 223,041 stake. A total of 1,842,649 shares of Amplitude Inc. were bought by Cadian Capital Management LP during the quarter, and 989,142 by Marshall Wace LLP. In its current portfolio, SSgA Funds Management, Inc. holds 971,972 shares valued at $15.04 million.

In terms of Amplitude Inc. share price expectations, FactSet research, analysts set an average price target of $21.11 in the next 12 months, up nearly 34.41% from the previous closing price of $14.88. Analysts anticipate Amplitude Inc. stock to reach $28.00 by 2022, with the lowest price target being $17.00. In spite of this, 10 analysts ranked Amplitude Inc. stock as an Overweight at the end of 2022.


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