Amplitude (NASDAQ:AMPL) Trading Down 5.1% – Here’s What Happened

Amplitude, Inc. (NASDAQ:AMPL)’s share price fell 5.1% on Friday . The company traded as low as $12.62 and last traded at $12.8650. 200,028 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 2,203,935 shares. The stock had previously closed at $13.55.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Morgan Stanley raised their price objective on shares of Amplitude from $12.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. BTIG Research upped their target price on Amplitude from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. DA Davidson increased their price target on Amplitude from $10.00 to $12.50 and gave the stock a “buy” rating in a report on Thursday, August 6th. Citigroup increased their price target on Amplitude from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Finally, UBS Group raised their price target on Amplitude from $8.50 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. One 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.55.

Amplitude Price Performance

The stock has a market capitalization of $1.32 billion, a P/E ratio of -17.38 and a beta of 1.50. The stock’s fifty day moving average price is $10.64 and its 200 day moving average price is $8.24.

Amplitude (NASDAQ:AMPL) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $100.89 million during the quarter, compared to analyst estimates of $98.16 million. Amplitude had a negative net margin of 26.59% and a negative return on equity of 42.62%. 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, sell-side analysts expect that Amplitude, Inc. will post -0.63 earnings per share for the current year.

Insider Activity at Amplitude

In other news, Director Catherine Wong sold 7,453 shares of Amplitude stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $6.79, for a total transaction of $50,605.87. Following the completion of the sale, the director owned 111,462 shares of the company’s stock, valued at approximately $756,826.98. The trade was a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 21.59% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Amplitude by 9.4% during 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 in the last quarter. Alliancebernstein L.P. increased its stake 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 valued at $64,592,000 after buying an additional 1,864,909 shares during the period. Nuveen LLC raised its holdings in shares of Amplitude by 18.8% in the fourth quarter. Nuveen LLC now owns 2,645,618 shares of the company’s stock valued at $30,636,000 after acquiring an additional 418,376 shares in the last quarter. TimesSquare Capital Management LLC raised its holdings in shares of Amplitude by 22.9% in the fourth quarter. TimesSquare Capital Management LLC now owns 2,513,383 shares of the company’s stock valued at $29,105,000 after acquiring an additional 468,418 shares in the last quarter. Finally, State Street Corp lifted its stake in Amplitude by 2.9% in the fourth quarter. State Street Corp now owns 2,305,400 shares of the company’s stock worth $26,697,000 after acquiring an additional 64,189 shares during the period. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

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.