Amplitude (NASDAQ:AMPL) Reaches New 12-Month High Following Analyst Upgrade

Key Points

• Amplitude shares reached a new 52-week high of $16.23 after BTIG Research raised its price target from $13 to $17 and maintained a Buy rating. The stock’s consensus rating is “Moderate Buy,” with an average price target of $14.30.
• Recent quarterly results showed revenue of $100.89 million, ahead of estimates, while EPS matched expectations at a loss of $0.01. The company provided positive Q3 and full-year 2026 EPS guidance despite continuing negative margins.
• Insiders have been selling shares: company insiders sold 560,000 shares worth approximately $7.26 million over the past 90 days, while institutional investors own 73.2% of the stock.

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) shares hit a new 52-week high during trading on Wednesday after BTIG Research raised their price target on the stock from $13.00 to $17.00. BTIG Research currently has a buy rating on the stock. Amplitude traded as high as $16.23 and last traded at $16.2120, with a volume of 238,669 shares traded. The stock had previously closed at $15.70.

A number of other equities research analysts also recently weighed in on AMPL. Weiss Ratings raised Amplitude from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, August 11th. Morgan Stanley lifted their price objective on Amplitude from $12.00 to $16.00 and gave the stock an "overweight" rating in a report on Thursday, August 13th. Raymond James Financial started coverage on shares of Amplitude in a report on Tuesday, June 30th. They issued a "strong-buy" rating and a $10.00 price target on the stock. Citigroup increased their price objective on shares of Amplitude from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Finally, DA Davidson lifted their target price on shares of Amplitude from $10.00 to $12.50 and gave the company a "buy" rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Amplitude presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.30.

Insiders Place Their Bets

In other news, insider Nathaniel Glenn Crook sold 300,000 shares of the company's stock in a transaction on Friday, September 4th. The stock was sold at an average price of $12.99, for a total transaction of $3,897,000.00. Following the transaction, the insider owned 1,622,696 shares of the company's stock, valued at $21,078,821.04. This represents a 15.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Spenser Skates sold 70,087 shares of the firm's stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $14.52, for a total transaction of $1,017,663.24. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 560,000 shares of company stock valued at $7,261,156. 21.59% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its stake in Amplitude by 169.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,465 shares of the company's stock valued at $34,000 after buying an additional 1,549 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Amplitude during the 2nd quarter worth about $48,000. Krilogy Financial LLC acquired a new position in shares of Amplitude during the 1st quarter worth about $77,000. Blue Trust Inc. grew its holdings in shares of Amplitude by 15.8% in the 1st quarter. Blue Trust Inc. now owns 40,204 shares of the company's stock valued at $274,000 after acquiring an additional 5,481 shares in the last quarter. Finally, Inspire Investing LLC increased its position in shares of Amplitude by 85.4% in the first quarter. Inspire Investing LLC now owns 74,731 shares of the company's stock valued at $510,000 after acquiring an additional 34,431 shares during the last quarter. Institutional investors own 73.20% of the company's stock.

Amplitude Price Performance

The business has a 50-day moving average of $13.78 and a 200-day moving average of $9.85. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of -21.59 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) 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 42.62%. The company had revenue of $100.89 million during the quarter, compared to the consensus estimate 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 anticipate that Amplitude, Inc. will post -0.66 EPS for the current fiscal year.

About Amplitude

Amplitude, Inc is a software company that provides digital analytics and product experience solutions. Its platform helps organizations collect, analyze and act on user behavior data across websites, mobile applications and other digital products.

The company's offerings include Amplitude Analytics, which enables teams to measure user engagement, retention and conversion; experimentation tools for testing product changes; session replay capabilities for reviewing user interactions; and data management and governance features.

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