Amplitude (NASDAQ:AMPL) Stock Price Up 5% After Analyst Upgrade

Amplitude, Inc. (NASDAQ:AMPL)’s stock price traded up 5% during mid-day trading on Wednesday after Piper Sandler raised their price target on the stock from $13.00 to $18.00. Piper Sandler currently has an overweight rating on the stock. Amplitude traded as high as $14.23 and last traded at $14.3260. 188,223 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 2,142,639 shares. The stock had previously closed at $13.64.

A number of other analysts have also commented on AMPL. UBS Group boosted their price target on shares of Amplitude from $8.50 to $13.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Citigroup raised their price objective on Amplitude from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Morgan Stanley increased their target price on shares of Amplitude from $12.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. BTIG Research raised their price target 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. Finally, DA Davidson upped their price objective on shares of Amplitude from $10.00 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.05.

Insider Buying and Selling at Amplitude

In related news, insider Nathaniel Glenn Crook sold 300,000 shares of Amplitude 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Spenser Skates sold 185,000 shares of Amplitude stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $12.30, for a total value of $2,275,500.00. 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 corporate insiders.

Institutional Investors Weigh In On Amplitude

Several large investors have recently added to or reduced their stakes in AMPL. Integrated Wealth Concepts LLC bought a new position in Amplitude during the 2nd quarter valued at approximately $48,000. Squarepoint Ops LLC lifted its holdings in Amplitude by 43.4% in 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 position in shares of Amplitude by 982.2% in the 2nd quarter. Corient Private Wealth LP now owns 178,613 shares of the company’s stock worth $1,366,000 after buying an additional 162,109 shares during the last quarter. Madison Asset Management LLC bought a new stake in shares of Amplitude in the 2nd quarter worth approximately $2,390,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Amplitude during the second quarter valued at approximately $2,204,000. Institutional investors own 73.20% of the company’s stock.

Amplitude Price Performance

The stock has a market capitalization of $1.44 billion, a PE ratio of -18.90 and a beta of 1.50. The company has a 50 day moving average price of $12.17 and a 200-day moving average price of $8.99.

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

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.