Amplitude (NASDAQ:AMPL) Reaches New 12-Month High – Here’s What Happened

Amplitude, Inc. (NASDAQ:AMPL – Get Free Report)’s stock price hit a new 52-week high during trading on Monday. The stock traded as high as $16.17 and last traded at $16.0440, with a volume of 118,714 shares traded. The stock had previously closed at $15.67.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMPL. Piper Sandler upped 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. Weiss Ratings raised shares of Amplitude from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. Raymond James Financial began coverage on shares of Amplitude in a research note on Tuesday, June 30th. They issued a “strong-buy” rating and a $10.00 price objective on the stock. DA Davidson raised their target price on shares of Amplitude from $10.00 to $12.50 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, UBS Group lifted their target price on shares of Amplitude from $8.50 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $13.05.

Get Our Latest Stock Report on AMPL

Amplitude Stock Performance

The company has a 50-day moving average of $13.39 and a 200-day moving average of $9.54. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of -20.81 and a beta of 1.49.

Amplitude (NASDAQ:AMPL – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $100.89 million for the quarter, compared to analysts’ expectations 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. As a group, analysts expect that Amplitude, Inc. will post -0.66 earnings per share for the current year.

Insiders Place Their Bets

In related news, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nathaniel Glenn Crook sold 300,000 shares of the business’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 completion of the transaction, the insider directly owned 1,622,696 shares of the company’s stock, valued at $21,078,821.04. The trade was a 15.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 560,000 shares of company stock worth $7,261,156. Corporate insiders own 21.59% of the company’s stock.

Institutional Investors Weigh In On Amplitude

Hedge funds have recently modified their holdings of the company. Meros Investment Management LP raised its position in shares of Amplitude by 12.6% in the fourth quarter. Meros Investment Management LP now owns 861,874 shares of the company’s stock valued at $9,981,000 after buying an additional 96,779 shares during the last quarter. Squarepoint Ops LLC raised its holdings in Amplitude by 43.4% in the 2nd quarter. Squarepoint Ops LLC now owns 1,021,647 shares of the company’s stock valued at $7,816,000 after acquiring an additional 309,252 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Amplitude by 368.1% in 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 last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Amplitude in the 1st quarter valued at $3,930,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Amplitude during the 1st quarter worth $3,097,000. 73.20% of the stock is owned by institutional investors and hedge funds.

Amplitude Company Profile

(Get Free Report)

Amplitude, Inc is a software company that provides a digital analytics platform designed to help organizations understand and improve digital products and customer experiences. Its platform enables businesses to collect, analyze and visualize behavioral data from websites, mobile applications and other digital services.

The company’s product offerings include product analytics, session replay, experimentation and data management capabilities. These tools help product, marketing and engineering teams track user journeys, identify engagement trends, evaluate changes and make data-informed decisions throughout the product development and customer lifecycle.

Amplitude was founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang and is headquartered in San Francisco, California.

Further Reading

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