Amplitude (NASDAQ:AMPL) Director Sells $50,605.87 in Stock

Amplitude, Inc. (NASDAQ:AMPL) Director Catherine Wong sold 7,453 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $6.79, for a total value of $50,605.87. Following the sale, the director directly owned 111,462 shares of the company’s stock, valued at approximately $756,826.98. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Amplitude Stock Down 0.7%

Shares of NASDAQ AMPL traded down $0.05 during mid-day trading on Monday, hitting $6.84. 1,583,206 shares of the company were exchanged, compared to its average volume of 2,217,213. The stock has a 50 day simple moving average of $6.85 and a 200-day simple moving average of $8.33. Amplitude, Inc. has a 1-year low of $5.51 and a 1-year high of $14.49. The firm has a market cap of $710.45 million, a price-to-earnings ratio of -10.21 and a beta of 1.45.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $93.49 million during the quarter, compared to analysts’ expectations of $92.95 million. Amplitude had a negative return on equity of 34.98% and a negative net margin of 25.11%.The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. Amplitude has set its Q2 2026 guidance at -0.020–0.010 EPS and its FY 2026 guidance at 0.030-0.060 EPS. Analysts anticipate that Amplitude, Inc. will post -0.59 earnings per share for the current fiscal year.

Amplitude declared that its board has initiated a stock buyback program on Wednesday, February 18th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 11.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AMPL shares. UBS Group cut their price objective on Amplitude from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. DA Davidson cut their price objective on Amplitude from $16.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Piper Sandler dropped their price target on Amplitude from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. BTIG Research dropped their price target on Amplitude from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Finally, Weiss Ratings cut Amplitude from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $12.44.

Institutional Trading of Amplitude

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMPL. Quarry LP purchased a new stake in Amplitude in the 3rd quarter valued at about $32,000. Osaic Holdings Inc. grew its holdings in Amplitude by 57.8% in the 2nd quarter. Osaic Holdings Inc. now owns 5,132 shares of the company’s stock valued at $64,000 after buying an additional 1,879 shares during the period. Krilogy Financial LLC acquired a new position in shares of Amplitude in the 1st quarter valued at about $77,000. Legato Capital Management LLC acquired a new position in shares of Amplitude in the 3rd quarter valued at about $112,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Amplitude in the 3rd quarter valued at about $113,000. Hedge funds and other institutional investors own 73.20% of the company’s stock.

About Amplitude

Amplitude, Inc is a software company specializing in digital analytics and product intelligence solutions for businesses seeking to optimize user engagement and drive growth. Its core offering, the Amplitude Analytics platform, enables customers to collect and analyze behavioral data from web and mobile applications in real time. The platform provides advanced segmentation, funnel analysis, retention tracking and pathfinding tools that help product, marketing and data teams understand user journeys, identify friction points and measure the impact of new features.

Founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang, Amplitude is headquartered in Redwood City, California, with additional offices spanning North America, Europe and Asia.