Amplitude (NASDAQ:AMPL) Trading Up 7.7% – What’s Next?

Amplitude, Inc. (NASDAQ:AMPLGet Free Report) rose 7.7% during trading on Monday . The stock traded as high as $12.15 and last traded at $12.1220. 1,483,160 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 2,241,497 shares. The stock had previously closed at $11.26.

Wall Street Analyst Weigh In

Several analysts have issued reports on AMPL shares. BTIG Research upped their price target on shares of Amplitude from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Bank of America reiterated a “neutral” rating and issued a $8.00 target price (down from $10.00) on shares of Amplitude in a research note on Thursday, May 7th. Citigroup lifted their price target on Amplitude from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday. DA Davidson upped their price objective on Amplitude from $10.00 to $12.50 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amplitude in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.55.

Read Our Latest Stock Analysis on Amplitude

Amplitude Stock Performance

The company has a fifty day moving average of $8.50 and a two-hundred day moving average of $7.66. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -16.92 and a beta of 1.42.

Amplitude (NASDAQ:AMPLGet Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). Amplitude had a negative return on equity of 37.97% and a negative net margin of 26.59%.The firm had revenue of $100.89 million for the quarter, compared to analyst estimates 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. Equities analysts forecast that Amplitude, Inc. will post -0.59 EPS for the current year.

Insider Activity at Amplitude

In other Amplitude news, Director Catherine Wong sold 7,453 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $6.79, for a total transaction of $50,605.87. Following the transaction, the director owned 111,462 shares in the company, valued at $756,826.98. This trade represents a 6.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Curtis Liu sold 22,201 shares of Amplitude stock in a transaction on Monday, June 1st. The shares were sold at an average price of $8.03, for a total value of $178,274.03. Following the completion of the transaction, the chief technology officer directly owned 1,004,779 shares of the company’s stock, valued at $8,068,375.37. This represents a 2.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 21.59% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AMPL. Quarry LP bought a new stake in Amplitude during the third quarter worth about $32,000. Osaic Holdings Inc. boosted its holdings in shares of 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 purchasing an additional 1,879 shares in the last quarter. Krilogy Financial LLC bought a new position in shares of Amplitude in the 1st quarter valued at $77,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Amplitude during the 3rd quarter worth $113,000. Finally, Morse Asset Management Inc bought a new stake in shares of Amplitude during the 4th quarter worth $116,000. Institutional investors own 73.20% of the company’s stock.

About Amplitude

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Amplitude Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amplitude and related companies with MarketBeat.com's FREE daily email newsletter.