Amplitude (NASDAQ:AMPL) Shares Up 6.6% - Here's Why

Key Points

• Amplitude shares rose 6.6% to about $13.43 in mid-day trading, extending gains as the stock traded well above its 50-day and 200-day moving averages.
• Analysts largely remain bullish: UBS, BTIG Research, DA Davidson and Morgan Stanley raised their price targets, with the consensus rating at “Moderate Buy” and an average target of $12.55.
• Amplitude matched quarterly EPS expectations and exceeded revenue estimates, reporting $100.89 million in revenue, while an insider sold 300,000 shares for approximately $3.9 million under a pre-arranged Rule 10b5-1 plan.

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report)'s share price was up 6.6% during mid-day trading on Monday . The company traded as high as $13.39 and last traded at $13.4260. Approximately 398,742 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 2,191,655 shares. The stock had previously closed at $12.59.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. UBS Group upped their price objective on shares of Amplitude from $8.50 to $13.00 and gave the company a "buy" rating in a report on Thursday, August 6th. BTIG Research boosted 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. DA Davidson boosted their price target 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. Citigroup upped their price target 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, Morgan Stanley raised their price objective on shares of Amplitude from $12.00 to $16.00 and gave the stock an "overweight" rating in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $12.55.

Amplitude Trading Up 8.6%

The firm has a market cap of $1.38 billion, a PE ratio of -18.19 and a beta of 1.50. The stock has a fifty day simple moving average of $11.19 and a two-hundred day simple moving average of $8.49.

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 analysts' consensus estimates of ($0.01). The firm had revenue of $100.89 million for the quarter, compared to the consensus estimate of $98.16 million. Amplitude had a negative net margin of 26.59% and a negative return on equity of 42.62%. 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, sell-side analysts predict that Amplitude, Inc. will post -0.63 earnings per share for the current fiscal year.

Insider Activity at Amplitude

In other news, insider Nathaniel Glenn Crook sold 300,000 shares of the business's stock in a transaction on 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 transaction, the insider directly owned 1,622,696 shares in the company, valued at $21,078,821.04. The trade was a 15.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 21.59% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AMPL. Quarry LP purchased a new stake in shares of Amplitude during the third quarter worth about $32,000. Integrated Wealth Concepts LLC bought a new position in Amplitude during the 2nd quarter valued at approximately $48,000. Osaic Holdings Inc. lifted its holdings in Amplitude by 57.8% in the 2nd quarter. Osaic Holdings Inc. now owns 5,132 shares of the company's stock worth $64,000 after buying an additional 1,879 shares during the period. Krilogy Financial LLC purchased a new stake in Amplitude in the 1st quarter worth approximately $77,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Amplitude in the 3rd quarter worth approximately $113,000. 73.20% of the stock is currently owned by institutional investors.

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.

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