Amplitude (NASDAQ:AMPL) Hits New 1-Year High Following Analyst Upgrade

Amplitude, Inc. (NASDAQ:AMPL)’s stock price reached a new 52-week high on Wednesday after BTIG Research raised their price target on the stock from $13.00 to $17.00. BTIG Research currently has a buy rating on the stock. Amplitude traded as high as $16.23 and last traded at $16.2120, with a volume of 238,669 shares changing hands. The stock had previously closed at $15.70.

Several other research analysts also recently commented on the stock. Citigroup boosted their price objective on shares of Amplitude from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Morgan Stanley lifted their price target on Amplitude from $12.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Piper Sandler boosted their price target on Amplitude from $13.00 to $18.00 and gave the stock an “overweight” rating in a report on Wednesday, September 30th. DA Davidson upped their price objective on Amplitude from $10.00 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings raised Amplitude from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Amplitude currently has a consensus rating of “Moderate Buy” and an average price target of $14.30.

Insider Buying and Selling at Amplitude

In other news, insider Nathaniel Glenn Crook sold 300,000 shares of Amplitude stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $12.99, for a total value of $3,897,000.00. Following the completion of the transaction, the insider directly owned 1,622,696 shares of the company’s stock, valued at approximately $21,078,821.04. This trade represents a 15.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Spenser Skates sold 70,087 shares of the business’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $14.52, for a total value of $1,017,663.24. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 560,000 shares of company stock valued at $7,261,156. 21.59% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC lifted its holdings in shares of Amplitude by 169.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,465 shares of the company’s stock worth $34,000 after purchasing an additional 1,549 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in Amplitude in the 3rd quarter valued at $1,011,000. Integrated Wealth Concepts LLC bought a new stake in Amplitude during the 2nd quarter valued at $48,000. Squarepoint Ops LLC increased its stake in Amplitude by 43.4% during the 2nd quarter. Squarepoint Ops LLC now owns 1,021,647 shares of the company’s stock valued at $7,816,000 after purchasing an additional 309,252 shares in the last quarter. Finally, Corient Private Wealth LP raised its holdings in Amplitude by 982.2% during the second quarter. Corient Private Wealth LP now owns 178,613 shares of the company’s stock worth $1,366,000 after buying an additional 162,109 shares during the last quarter. 73.20% of the stock is owned by institutional investors.

Amplitude Price Performance

The stock has a market cap of $1.64 billion, a price-to-earnings ratio of -21.59 and a beta of 1.49. The company’s fifty day simple moving average is $13.78 and its two-hundred day simple moving average is $9.85.

Amplitude (NASDAQ:AMPL) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $100.89 million during the quarter, compared to analyst estimates of $98.16 million. Amplitude had a negative return on equity of 42.62% and a negative net margin of 26.59%. Amplitude has set its Q3 2026 guidance at 0.020-0.030 EPS and its FY 2026 guidance at 0.060-0.080 EPS. On average, analysts forecast that Amplitude, Inc. will post -0.66 earnings per share for the current year.

About Amplitude

Amplitude, Inc is a software company that provides digital analytics and product experience solutions. Its platform helps organizations collect, analyze and act on user behavior data across websites, mobile applications and other digital products.

The company’s offerings include Amplitude Analytics, which enables teams to measure user engagement, retention and conversion; experimentation tools for testing product changes; session replay capabilities for reviewing user interactions; and data management and governance features.