Amplitude (NASDAQ:AMPL) Sets New 52-Week High - Here's What Happened

Key Points

• Amplitude shares reached a new 52-week high of $14.79, up from the prior close of $14.52, giving the company a market capitalization of approximately $1.49 billion.
• Analyst sentiment is generally positive: Amplitude has an average “Moderate Buy” rating and a consensus price target of $13.05, with recent targets ranging from $11.00 to $18.00.
• The company matched quarterly EPS expectations at a loss of $0.01 while reporting revenue of $100.89 million, above estimates; however, insiders sold roughly $6.24 million of shares over the past 90 days.

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday. The stock traded as high as $14.79 and last traded at $14.7950, with a volume of 91795 shares traded. The stock had previously closed at $14.52.

Analyst Ratings Changes

AMPL has been the subject of several recent analyst reports. UBS Group increased their price objective 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. Piper Sandler boosted 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. Raymond James Financial assumed coverage on shares of Amplitude in a research report on Tuesday, June 30th. They set a "strong-buy" rating and a $10.00 price target on the stock. DA Davidson increased their price target on Amplitude from $10.00 to $12.50 and gave the stock a "buy" rating in a report on Thursday, August 6th. Finally, Citigroup lifted their price objective on Amplitude from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. One investment 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 given a Sell rating to the stock. According to data from MarketBeat, Amplitude has an average rating of "Moderate Buy" and an average target price of $13.05.

Amplitude Stock Performance

The stock's fifty day moving average is $12.52 and its two-hundred day moving average is $9.14. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -19.67 and a beta of 1.49.

Amplitude (NASDAQ:AMPL - Get Free Report) last announced 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 business 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. On average, equities research analysts expect that Amplitude, Inc. will post -0.66 EPS for the current year.

Insider Activity at Amplitude

In related news, insider Nathaniel Glenn Crook sold 300,000 shares of the firm's stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $12.99, for a total transaction 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 trade represents a 15.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Spenser Skates sold 185,000 shares of the firm's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $12.30, for a total transaction 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. Over the last ninety days, insiders sold 489,913 shares of company stock valued at $6,243,493. 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. Blue Trust Inc. raised its stake in shares of Amplitude by 15.8% during the 1st quarter. Blue Trust Inc. now owns 40,204 shares of the company's stock valued at $274,000 after purchasing an additional 5,481 shares during the period. Integrated Wealth Concepts LLC bought a new position in Amplitude in the 2nd quarter worth about $48,000. Kemnay Advisory Services Inc. bought a new position in Amplitude in the 4th quarter worth about $119,000. Krilogy Financial LLC purchased a new stake in shares of Amplitude in the 1st quarter valued at about $77,000. Finally, Hsbc Holdings PLC raised its holdings in shares of Amplitude by 12.2% in the 1st quarter. Hsbc Holdings PLC now owns 159,275 shares of the company's stock valued at $1,108,000 after acquiring an additional 17,279 shares in the last quarter. Hedge funds and other institutional investors own 73.20% of the company's stock.

Amplitude Company Profile

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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