Amplitude (NASDAQ:AMPL) Shares Up 3.3% – Still a Buy?

Shares of Amplitude, Inc. (NASDAQ:AMPL) shot up 3.3% during mid-day 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 session volume of 2,164,377 shares. The stock had previously closed at $13.14.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AMPL shares. Citigroup boosted 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. Weiss Ratings upgraded Amplitude from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. Morgan Stanley upped their target price on Amplitude from $12.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Raymond James Financial started coverage on Amplitude in a research note on Tuesday, June 30th. They issued a “strong-buy” rating and a $10.00 price target for the company. Finally, Piper Sandler increased their price objective on Amplitude from $11.00 to $13.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. One equities 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 given a Sell rating to the company’s stock. According to 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 company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -18.21 and a beta of 1.50. The business has a fifty day moving average price of $11.78 and a 200 day moving average price of $8.79.

Amplitude (NASDAQ:AMPL) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $100.89 million during 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. As a group, sell-side analysts predict that Amplitude, Inc. will post -0.66 earnings per share for the current fiscal year.

Insider Activity

In other Amplitude news, CEO Spenser Skates sold 185,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $12.30, for a total transaction of $2,275,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 that occurred on Friday, September 4th. The shares were sold at an average price of $12.99, for a total value of $3,897,000.00. Following the completion of the sale, the insider owned 1,622,696 shares in the company, valued at approximately $21,078,821.04. This represents a 15.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 21.59% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other 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 about $48,000. Kemnay Advisory Services Inc. acquired a new position in shares of Amplitude in the 4th quarter worth approximately $119,000. Krilogy Financial LLC bought a new position in Amplitude in the 1st quarter valued at $77,000. ProShare Advisors LLC raised its position in Amplitude by 10.5% in the 4th quarter. ProShare Advisors LLC now owns 16,880 shares of the company’s stock valued at $195,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Amplitude by 15.8% in the first quarter. Blue Trust Inc. now owns 40,204 shares of the company’s stock worth $274,000 after purchasing an additional 5,481 shares in the last quarter. 73.20% of the stock is owned by institutional investors.

About Amplitude

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.