Amplitude (NASDAQ:AMPL) Stock Jumps 3.3% – Here’s What Happened

Amplitude, Inc. (NASDAQ:AMPL) shares shot up 3.3% during trading on Wednesday. The company traded as high as $13.47 and last traded at $13.57. 286,853 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 2,164,377 shares. The stock had previously closed at $13.14.

Wall Street Analyst Weigh In

AMPL has been the topic of a number of research analyst reports. Raymond James Financial began coverage on Amplitude in a report on Tuesday, June 30th. They set a “strong-buy” rating and a $10.00 target price on the stock. DA Davidson raised their price objective on shares of Amplitude from $10.00 to $12.50 and gave the company a “buy” rating in a research report on Thursday, August 6th. Citigroup boosted their target price on shares of Amplitude from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Piper Sandler increased their target price on shares of Amplitude from $11.00 to $13.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Amplitude from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.55.

Amplitude Price Performance

The stock has a fifty day moving average price of $11.94 and a 200-day moving average price of $8.87. The company has a market cap of $1.39 billion, a PE ratio of -18.25 and a beta of 1.50.

Amplitude (NASDAQ:AMPL) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $100.89 million for the quarter, compared to the consensus estimate 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. On average, equities analysts anticipate that Amplitude, Inc. will post -0.66 earnings per share for the current year.

Insider Activity at Amplitude

In other news, CEO Spenser Skates sold 185,000 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $12.30, for a total transaction of $2,275,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nathaniel Glenn Crook sold 300,000 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $12.99, for a total transaction of $3,897,000.00. Following the completion of the sale, the insider owned 1,622,696 shares of the company’s stock, valued at $21,078,821.04. This represents a 15.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 21.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new stake in Amplitude during the second quarter worth approximately $48,000. Squarepoint Ops LLC boosted its holdings in shares of Amplitude by 43.4% during the 2nd quarter. Squarepoint Ops LLC now owns 1,021,647 shares of the company’s stock worth $7,816,000 after buying an additional 309,252 shares during the period. Corient Private Wealth LP grew its stake in Amplitude by 982.2% in the 2nd quarter. Corient Private Wealth LP now owns 178,613 shares of the company’s stock valued at $1,366,000 after buying an additional 162,109 shares during the last quarter. Madison Asset Management LLC bought a new position in Amplitude in the 2nd quarter worth $2,390,000. Finally, Bank of New York Mellon Corp bought a new position in Amplitude in the 2nd quarter worth $2,204,000. 73.20% of the stock is owned by institutional investors.

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.