Amplitude (NASDAQ:AMPL) Stock Jumps 5% After Analyst Upgrade

Amplitude, Inc. (NASDAQ:AMPL) shares rose 5% during mid-day trading on Wednesday after Piper Sandler raised their price target on the stock from $13.00 to $18.00. Piper Sandler currently has an overweight rating on the stock. Amplitude traded as high as $14.23 and last traded at $14.3260. Approximately 188,223 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 2,142,639 shares. The stock had previously closed at $13.64.

A number of other equities research analysts have also issued reports on the company. UBS Group lifted their target price on Amplitude from $8.50 to $13.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. BTIG Research upped their price target on Amplitude from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Morgan Stanley raised their price target on shares of Amplitude from $12.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Weiss Ratings upgraded shares of Amplitude from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Finally, DA Davidson boosted their price objective on shares of Amplitude from $10.00 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Amplitude presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.05.

Insider Transactions at Amplitude

In related news, CEO Spenser Skates sold 185,000 shares of Amplitude stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $12.30, for a total transaction of $2,275,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nathaniel Glenn Crook sold 300,000 shares of the business’s stock in a transaction that occurred on 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 sale, the insider owned 1,622,696 shares of the company’s stock, valued at approximately $21,078,821.04. This represents a 15.60% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 21.59% of the company’s stock.

Institutional Investors Weigh In On Amplitude

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC acquired a new position in Amplitude during the second quarter valued at approximately $48,000. Krilogy Financial LLC acquired a new stake in shares of Amplitude in the 1st quarter valued at $77,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Amplitude in the 4th quarter valued at $119,000. ProShare Advisors LLC increased its stake in shares of Amplitude by 10.5% in the 4th quarter. ProShare Advisors LLC now owns 16,880 shares of the company’s stock valued at $195,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Amplitude by 15.8% during the 1st quarter. Blue Trust Inc. now owns 40,204 shares of the company’s stock worth $274,000 after buying an additional 5,481 shares in the last quarter. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Amplitude Stock Performance

The company has a market cap of $1.44 billion, a price-to-earnings ratio of -18.90 and a beta of 1.50. The business has a fifty day moving average price of $12.17 and a 200 day moving average price of $8.99.

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

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.