HANSEN THOMAS NEERGAARD, President of Amplitude Inc. (AMPL) sold 12,968 shares of the company


Amplitude Inc.’s filing revealed that its President HANSEN THOMAS NEERGAARD unloaded Company’s shares for reported $0.2 million on Oct 10. In the deal valued at $15.19 per share,12,968 shares were sold. As a result of this transaction, HANSEN THOMAS NEERGAARD now holds 987,032 shares worth roughly $ 13.65 million.

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Then, Wong Catherine sold 3,515 shares, generating $61,842 in total proceeds. Upon selling the shares at $17.59, the Director now owns 107,425 shares.

Before that, Sarkis Ninos sold 478 shares. Amplitude Inc. shares valued at $8,420 were divested by the Chief Accounting Officer at a price of $17.61 per share. As a result of the transaction, Sarkis Ninos now holds 49,495 shares, worth roughly $0.68 million.

Scotiabank initiated its Amplitude Inc. [AMPL] rating to a Sector outperform in a research note published on Monday, June 09, 2022; the price target was $25. PT values the company’s stock at a premium of 44.68 to its Monday closing price. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid May with a ‘”an Overweight”‘ rating. Citigroup began covering AMPL with “Buy” recommendation on December 08, 2021.

Price Performance Review of AMPL

On Monday, Amplitude Inc. [NASDAQ:AMPL] saw its stock fall -0.58% to $13.83. On the same session, the stock had its day’s lowest price of $13.313, but rose to a high of $14.17. Over the last five days, the stock has lost -17.68%. Amplitude Inc. shares have fallen nearly -73.88% since the year began. Nevertheless, the stocks have fallen -83.47% over the past one year. While a 52-week high of $86.11 was reached on 01/03/22, a 52-week low of $13.42 was recorded on 11/07/22. SMA at 50 days reached $15.65, while 200 days put it at $18.91. A total of 0.59 million shares were traded, compared to the trading of 0.98 million shares in the previous session.

Levels Of Support And Resistance For AMPL Stock

The 24-hour chart illustrates a support level at 13.37, which if violated will result in even more drops to 12.91. On the upside, there is a resistance level at 14.23. A further resistance level may holdings at 14.63. The Relative Strength Index (RSI) on the 14-day chart is 37.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.47%. Stochastics %K at 8.08% indicates the stock is a buying.

How much short interest is there in Amplitude Inc.?

A steep rise in short interest was recorded in Amplitude Inc. stocks on Jul 14, 2022, growing by 1.05 million shares to a total of 4.14 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 3.09 million shares. There was a rise of 25.36%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.45% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.14.

Amplitude Inc. [AMPL] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 3,989,560 shares, or roughly 6.02% of the outstanding AMPL shares. In other words, the investor’s shares have risen by 75,114 from its previous 13-F filing of 3914446.0. Additionally, SoMa Equity Partners LP increased 50.00% of its stake after which the total value it holdings stand at $46,410,000, while BlackRock Fund Advisors added 705.64% of its stake to hold $42.04 million in the firm. Over the last quarter, T. Rowe Price Associates, Inc. purchased 223,041 shares of Amplitude Inc., while Cadian Capital Management LP bought 1,842,649 shares. At present, Marshall Wace LLP is holding 989,142 shares valued at $15.3 million. SSgA Funds Management, Inc. owned 971,972 shares of the company at the time of its most recent 13F filing, worth $15.04 million.

However, 10 analysts have rated AMPL stock as an Overweight in their predictions for 2022.


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