Amplitude (NASDAQ:AMPL) Hits New 52-Week High – Still a Buy?

Shares of Amplitude, Inc. (NASDAQ:AMPL) reached a new 52-week high on Monday. The stock traded as high as $14.79 and last traded at $14.7950, with a volume of 91795 shares. The stock had previously closed at $14.52.

Analyst Ratings Changes

AMPL has been the topic of several recent analyst reports. BTIG Research lifted their price objective on shares of Amplitude from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Morgan Stanley upped their target price on shares of Amplitude from $12.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. 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 research note on Thursday, August 6th. Citigroup lifted their price target on shares of Amplitude from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Raymond James Financial assumed coverage on shares of Amplitude in a report on Tuesday, June 30th. They issued a “strong-buy” rating and a $10.00 price target on the stock. One 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.05.

Amplitude Stock Performance

The firm has a market cap of $1.50 billion, a PE ratio of -19.72 and a beta of 1.49. The firm has a fifty day simple moving average of $12.77 and a two-hundred day simple moving average of $9.25.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting 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. Equities analysts forecast that Amplitude, Inc. will post -0.66 EPS for the current fiscal year.

Insider Buying and Selling at Amplitude

In related news, CEO Spenser Skates sold 70,087 shares of the company’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $14.52, for a total transaction of $1,017,663.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nathaniel Glenn Crook sold 300,000 shares of the company’s stock in a transaction on 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 sale, the insider directly owned 1,622,696 shares in the company, valued at approximately $21,078,821.04. The trade was a 15.60% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 560,000 shares of company stock worth $7,261,156 in the last 90 days. 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 business. Integrated Wealth Concepts LLC purchased a new position in Amplitude in the second quarter worth about $48,000. Squarepoint Ops LLC raised its position in Amplitude by 43.4% during the second quarter. Squarepoint Ops LLC now owns 1,021,647 shares of the company’s stock valued at $7,816,000 after purchasing an additional 309,252 shares during the period. Corient Private Wealth LP raised its position in Amplitude by 982.2% during the second quarter. Corient Private Wealth LP now owns 178,613 shares of the company’s stock valued at $1,366,000 after purchasing an additional 162,109 shares during the period. Madison Asset Management LLC bought a new stake in shares of Amplitude in the 2nd quarter valued at approximately $2,390,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Amplitude in the 2nd quarter valued at approximately $2,204,000. Institutional investors own 73.20% of the company’s stock.

About Amplitude

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.