Amplitude (NASDAQ:AMPL) Shares Gap Up Following Analyst Upgrade

Amplitude, Inc. (NASDAQ:AMPL)’s stock price gapped up prior to trading on Wednesday after Raymond James Financial upgraded the stock to a strong-buy rating. The stock had previously closed at $7.65, but opened at $8.24. Amplitude shares last traded at $8.3750, with a volume of 285,000 shares traded.

Other equities research analysts also recently issued reports about the company. Bank of America restated a “neutral” rating and issued a $8.00 target price (down from $10.00) on shares of Amplitude in a research report on Thursday, May 7th. Piper Sandler cut their price objective on Amplitude from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. Finally, Weiss Ratings cut Amplitude from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Amplitude has a consensus rating of “Moderate Buy” and a consensus target price of $12.20.

Insider Activity at Amplitude

In other 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 value of $50,605.87. Following the completion of the sale, the director owned 111,462 shares of the company’s stock, valued at $756,826.98. This trade represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Curtis Liu sold 22,201 shares of the company’s 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 transaction, the chief technology officer directly owned 1,004,779 shares in the company, valued at $8,068,375.37. The trade was a 2.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 47,240 shares of company stock valued at $371,678. 21.59% of the stock is owned by insiders.

Hedge Funds Weigh In On Amplitude

Several institutional investors and hedge funds have recently bought and sold shares of AMPL. Vanguard Group Inc. increased its holdings in shares of Amplitude by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 10,825,568 shares of the company’s stock valued at $125,360,000 after purchasing an additional 934,350 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Amplitude by 44.8% during the third quarter. Alliancebernstein L.P. now owns 6,025,390 shares of the company’s stock worth $64,592,000 after purchasing an additional 1,864,909 shares during the period. Baillie Gifford & Co. grew its position in Amplitude by 2.2% during the fourth quarter. Baillie Gifford & Co. now owns 2,741,880 shares of the company’s stock valued at $31,751,000 after purchasing an additional 59,984 shares in the last quarter. Nuveen LLC grew its position in Amplitude by 18.8% during the fourth quarter. Nuveen LLC now owns 2,645,618 shares of the company’s stock valued at $30,636,000 after purchasing an additional 418,376 shares in the last quarter. Finally, TimesSquare Capital Management LLC increased its stake in Amplitude by 22.9% in the 4th quarter. TimesSquare Capital Management LLC now owns 2,513,383 shares of the company’s stock valued at $29,105,000 after buying an additional 468,418 shares during the period. Hedge funds and other institutional investors own 73.20% of the company’s stock.

Amplitude Stock Performance

The stock has a market cap of $918.21 million, a price-to-earnings ratio of -13.19 and a beta of 1.44. The company’s 50 day simple moving average is $7.01 and its two-hundred day simple moving average is $7.97.

Amplitude (NASDAQ:AMPL) last issued its earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Amplitude had a negative net margin of 25.11% and a negative return on equity of 34.98%. The company had revenue of $93.49 million for the quarter, compared to analyst estimates of $92.95 million. Amplitude’s quarterly revenue was up 16.9% on a year-over-year basis. Amplitude has set its Q2 2026 guidance at -0.020–0.010 EPS and its FY 2026 guidance at 0.030-0.060 EPS. On average, equities research analysts predict that Amplitude, Inc. will post -0.59 earnings per share for the current fiscal year.

Amplitude Company Profile

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.