Amplitude (NASDAQ:AMPL) Trading 7.7% Higher – Still a Buy?

Amplitude, Inc. (NASDAQ:AMPL)’s stock price rose 7.7% during trading on Monday . The company traded as high as $12.15 and last traded at $12.1220. 1,483,160 shares changed hands during trading, a decline of 34% from the average session volume of 2,241,497 shares. The stock had previously closed at $11.26.

Wall Street Analysts Forecast Growth

AMPL has been the topic of a number of analyst reports. BTIG Research boosted 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. DA Davidson increased their price objective on Amplitude from $10.00 to $12.50 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings reissued a “sell (e+)” rating on shares of Amplitude in a research note on Tuesday, July 21st. Raymond James Financial started coverage on Amplitude in a report on Tuesday, June 30th. They set a “strong-buy” rating and a $10.00 target price for the company. Finally, Bank of America reiterated a “neutral” rating and issued a $8.00 price target (down from $10.00) on shares of Amplitude in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Amplitude presently has an average rating of “Moderate Buy” and a consensus target price of $12.55.

Amplitude Stock Up 7.9%

The company has a market capitalization of $1.23 billion, a P/E ratio of -16.21 and a beta of 1.42. The company has a 50-day moving average of $8.34 and a two-hundred day moving average of $7.62.

Amplitude (NASDAQ:AMPL) 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). Amplitude had a negative net margin of 26.59% and a negative return on equity of 37.97%. The firm had revenue of $100.89 million for the quarter, compared to analysts’ expectations 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. As a group, equities analysts expect that Amplitude, Inc. will post -0.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amplitude news, CTO Curtis Liu sold 22,201 shares of Amplitude stock in a transaction on Monday, June 1st. The stock was sold at an average price of $8.03, for a total transaction of $178,274.03. Following the completion of the transaction, the chief technology officer owned 1,004,779 shares in the company, valued at approximately $8,068,375.37. The trade was a 2.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Catherine Wong sold 7,453 shares of the 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 directly owned 111,462 shares in the company, valued at approximately $756,826.98. This represents a 6.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 21.59% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amplitude

Institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP bought a new position in Amplitude in the 3rd quarter valued at approximately $32,000. Osaic Holdings Inc. raised its stake in shares of Amplitude by 57.8% in the second quarter. Osaic Holdings Inc. now owns 5,132 shares of the company’s stock worth $64,000 after purchasing an additional 1,879 shares during the last quarter. Morse Asset Management Inc bought a new position in shares of Amplitude during the fourth quarter valued at $116,000. Kemnay Advisory Services Inc. bought a new stake in Amplitude in the 4th quarter worth about $119,000. Finally, Merit Financial Group LLC purchased a new position in Amplitude in the 4th quarter worth about $120,000. Institutional investors own 73.20% of the company’s stock.

About Amplitude

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.