Amplitude (NASDAQ:AMPL) Trading 6.6% Higher – What’s Next?

Amplitude, Inc. (NASDAQ:AMPL) shot up 6.6% during trading on Monday . The company traded as high as $13.39 and last traded at $13.4260. Approximately 398,742 shares changed hands during trading, a decline of 82% from the average daily volume of 2,191,655 shares. The stock had previously closed at $12.59.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AMPL. Citigroup upped their price target on shares of Amplitude from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Raymond James Financial began coverage on shares of Amplitude in a report on Tuesday, June 30th. They set a “strong-buy” rating and a $10.00 price objective on the stock. BTIG Research boosted their price objective on shares of Amplitude from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded Amplitude from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Finally, UBS Group upped their target price on Amplitude from $8.50 to $13.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Amplitude has an average rating of “Moderate Buy” and a consensus price target of $12.55.

Amplitude Stock Down 2.1%

The firm has a market capitalization of $1.35 billion, a PE ratio of -17.83 and a beta of 1.50. The company’s 50-day simple moving average is $11.37 and its 200 day simple moving average is $8.58.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate 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 net margin of 26.59% and a negative return on equity of 42.62%. 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, sell-side analysts forecast that Amplitude, Inc. will post -0.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amplitude news, CEO Spenser Skates sold 185,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $12.30, for a total value of $2,275,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nathaniel Glenn Crook sold 300,000 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $12.99, for a total transaction of $3,897,000.00. Following the transaction, the insider owned 1,622,696 shares in the company, valued at approximately $21,078,821.04. This trade represents a 15.60% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 21.59% of the stock is owned by company insiders.

Institutional Trading of Amplitude

Several large investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership acquired a new position in Amplitude in the 1st quarter worth approximately $3,930,000. Dimensional Fund Advisors LP lifted its stake in Amplitude by 368.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 617,713 shares of the company’s stock valued at $4,213,000 after acquiring an additional 485,752 shares during the period. TimesSquare Capital Management LLC lifted its stake in Amplitude by 22.9% during the 4th quarter. TimesSquare Capital Management LLC now owns 2,513,383 shares of the company’s stock valued at $29,105,000 after acquiring an additional 468,418 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Amplitude in the 1st quarter valued at $3,097,000. Finally, Quantinno Capital Management LP boosted its holdings in shares of Amplitude by 1,683.8% in the 1st quarter. Quantinno Capital Management LP now owns 370,515 shares of the company’s stock valued at $2,527,000 after acquiring an additional 349,744 shares during the last quarter. Hedge funds and other institutional investors own 73.20% of the company’s stock.

Amplitude Company Profile

Amplitude, Inc (NASDAQ: AMPL) develops a digital analytics platform that helps companies understand how users interact with their websites, mobile applications and other digital products. Its software is designed to help organizations analyze customer behavior, identify opportunities for product improvement and support data-driven decision-making.

The company’s product offerings include Amplitude Analytics for behavioral and product analysis, along with tools for experimentation, session replay, customer data management and product performance monitoring.