Amplitude (NASDAQ:AMPL) Reaches New 12-Month High - What's Next?

Key Points

• Amplitude shares reached a new 52-week high of $17.84, supported by quarterly revenue of $100.89 million that exceeded analyst expectations and positive fiscal 2026 EPS guidance.
• The company faces potential reputational and customer-retention risks after a security incident exposed some Coinbase customer contact information through Amplitude’s analytics service, though Coinbase said funds and sensitive data were not compromised.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and $14.30 price target, but insider selling—including the CEO’s roughly $1.88 million share sale—could weigh on investor sentiment.

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report)'s stock price reached a new 52-week high on Wednesday. The company traded as high as $17.84 and last traded at $17.6550, with a volume of 141,584 shares. The stock had previously closed at $17.26.

Amplitude News Summary

Here are the key news stories impacting Amplitude this week:

• Positive Sentiment: Coinbase said its funds, systems and sensitive customer data were not compromised, characterizing the issue as exposure of certain customer contact information through Amplitude rather than a direct Coinbase breach. That may limit immediate financial or operational damage to Amplitude. Coinbase Customer Data Hit in Analytics Vendor Breach, Funds Not Impacted
• Positive Sentiment: Amplitude’s latest reported quarter showed revenue of $100.89 million, above the $98.16 million analyst consensus, while earnings per share matched expectations. Management also issued positive fiscal 2026 EPS guidance, supporting the growth-investment narrative.
• Neutral Sentiment: The reports indicate the incident involved user contact information held by Amplitude’s analytics service. The ultimate effect will depend on the scope of the data exposure, customer response and whether the event leads to remediation costs, lost contracts or regulatory scrutiny. Coinbase Denies Internal Breach as Amplitude Security Incident Hits User Contact Info
• Negative Sentiment: The security incident creates reputational and retention risk for Amplitude, particularly because Coinbase is a prominent customer. Even without evidence of stolen funds or highly sensitive information, enterprise clients may reassess vendor-security controls. Coinbase Ties Customer Contact Data Exposure to Vendor Amplitude
• Negative Sentiment: CEO Spenser Skates sold 107,136 AMPL shares for approximately $1.88 million at an average price of $17.52. The sale follows additional insider disposals in September and October, potentially weighing on sentiment after the stock’s substantial advance. Amplitude CEO Spenser Skates Sells 107,136 Shares

Wall Street Analyst Weigh In

AMPL has been the topic of a number of recent research reports. BTIG Research lifted their price objective on shares of Amplitude from $13.00 to $17.00 and gave the company a "buy" rating in a report on Tuesday, October 20th. Morgan Stanley increased their target price on shares of 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 research report on Tuesday, June 30th. They issued a "strong-buy" rating and a $10.00 target price for the company. DA Davidson lifted their price target on shares of Amplitude from $10.00 to $12.50 and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, UBS Group boosted their price target on shares of Amplitude from $8.50 to $13.00 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 assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Amplitude presently has an average rating of "Moderate Buy" and a consensus target price of $14.30.

Amplitude Price Performance

The firm has a market capitalization of $1.76 billion, a P/E ratio of -23.17 and a beta of 1.49. The firm's 50 day moving average is $14.21 and its two-hundred day moving average is $9.54.

Amplitude (NASDAQ:AMPL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $100.89 million for 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. Analysts anticipate that Amplitude, Inc. will post -0.66 EPS for the current fiscal year.

Insider Transactions at Amplitude

In related news, insider Nathaniel Glenn Crook sold 300,000 shares of Amplitude stock in a transaction dated 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 completion of the transaction, the insider owned 1,622,696 shares in the company, valued at approximately $21,078,821.04. This trade represents a 15.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Spenser Skates sold 107,136 shares of the business's stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $17.52, for a total value of $1,877,022.72. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 667,136 shares of company stock worth $9,138,179. 21.59% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AMPL. Dimensional Fund Advisors LP boosted its position in Amplitude by 368.1% during the first quarter. Dimensional Fund Advisors LP now owns 617,713 shares of the company's stock worth $4,213,000 after purchasing an additional 485,752 shares during the period. First Trust Advisors LP increased its holdings in shares of Amplitude by 362.8% in the first quarter. First Trust Advisors LP now owns 424,566 shares of the company's stock valued at $2,896,000 after purchasing an additional 332,830 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Amplitude in the first quarter valued at about $3,097,000. Bank of New York Mellon Corp bought a new position in shares of Amplitude in the second quarter valued at about $2,204,000. Finally, Squarepoint Ops LLC raised its position in shares of Amplitude by 43.4% in the second quarter. Squarepoint Ops LLC now owns 1,021,647 shares of the company's stock valued at $7,816,000 after purchasing an additional 309,252 shares during the period. 73.20% of the stock is currently owned by institutional investors.

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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