Amplitude (NASDAQ:AMPL) Price Target Raised to $17.00

Key Points

• BTIG Research raised Amplitude’s price target from $13 to $17 and maintained a “buy” rating, implying roughly 12% upside from the prior close.
• Analyst sentiment is broadly positive: Amplitude has a consensus “Moderate Buy” rating and an average price target of $14.30, while shares opened at $15.18 and recently traded near their 12-month high.
• Insiders have been selling shares: company insiders sold 560,000 shares worth about $7.3 million over the past 90 days, while institutional investors own 73.2% of the stock.

Amplitude (NASDAQ:AMPL - Get Free Report) had its target price boosted by equities researchers at BTIG Research from $13.00 to $17.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. BTIG Research's price target points to a potential upside of 11.99% from the stock's previous close.

A number of other equities research analysts have also issued reports on the company. Raymond James Financial initiated coverage on Amplitude in a research report on Tuesday, June 30th. They issued a "strong-buy" rating and a $10.00 price target on the stock. Morgan Stanley lifted their price objective on Amplitude from $12.00 to $16.00 and gave the company an "overweight" rating in a research note on Thursday, August 13th. Bank of America boosted their price objective on Amplitude from $14.00 to $16.50 and gave the stock a "neutral" rating in a research report on Wednesday, October 14th. Weiss Ratings upgraded shares of Amplitude from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, August 11th. Finally, Piper Sandler raised their target price on shares of Amplitude from $13.00 to $18.00 and gave the company an "overweight" rating in a report on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Amplitude currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.30.

Amplitude Trading Up 2.9%

Amplitude stock opened at $15.18 on Tuesday. Amplitude has a twelve month low of $5.51 and a twelve month high of $16.17. The stock's fifty day simple moving average is $13.72 and its 200-day simple moving average is $9.78. The firm has a market capitalization of $1.54 billion, a P/E ratio of -20.24 and a beta of 1.49.

Amplitude (NASDAQ:AMPL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). Amplitude had a negative return on equity of 42.62% and a negative net margin of 26.59%. The business 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. Sell-side analysts predict that Amplitude will post -0.66 earnings per share for the current year.

Insider Activity at Amplitude

In related news, CEO Spenser Skates sold 70,087 shares of the business's stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $14.52, for a total transaction of $1,017,663.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction, the insider directly owned 1,622,696 shares of the company's stock, valued at $21,078,821.04. This trade 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. In the last 90 days, insiders have sold 560,000 shares of company stock valued at $7,261,156. 21.59% of the stock is owned by company insiders.

Institutional Trading of Amplitude

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMPL. Arrowstreet Capital Limited Partnership acquired a new stake in Amplitude during the 1st quarter worth $3,930,000. Dimensional Fund Advisors LP boosted its stake in Amplitude by 368.1% in the first quarter. Dimensional Fund Advisors LP now owns 617,713 shares of the company's stock valued at $4,213,000 after acquiring an additional 485,752 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Amplitude in the first quarter valued at $3,097,000. Quantinno Capital Management LP boosted its stake in Amplitude by 1,683.8% in the first quarter. Quantinno Capital Management LP now owns 370,515 shares of the company's stock valued at $2,527,000 after acquiring an additional 349,744 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Amplitude by 362.8% during the first quarter. First Trust Advisors LP now owns 424,566 shares of the company's stock worth $2,896,000 after purchasing an additional 332,830 shares during the last quarter. Institutional investors and hedge funds 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.

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