Amplitude (NASDAQ:AMPL) Reaches New 1-Year High – Here’s What Happened

Amplitude, Inc. (NASDAQ:AMPL) shares hit a new 52-week high on Tuesday . The stock traded as high as $12.51 and last traded at $12.5130, with a volume of 194117 shares changing hands. The stock had previously closed at $12.19.

Analyst Ratings Changes

AMPL has been the topic of several analyst reports. BTIG Research upped their price objective on Amplitude from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Raymond James Financial started coverage on shares of Amplitude in a research note on Tuesday, June 30th. They set a “strong-buy” rating and a $10.00 target price 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 report on Friday, August 7th. Weiss Ratings raised shares of Amplitude from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. Finally, DA Davidson boosted their target price 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. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $12.55.

Amplitude Price Performance

The company’s 50-day simple moving average is $8.58 and its two-hundred day simple moving average is $7.67. The firm has a market capitalization of $1.25 billion, a P/E ratio of -16.51 and a beta of 1.42.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $100.89 million during the quarter, compared to analyst estimates of $98.16 million. Amplitude had a negative return on equity of 37.97% 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. Analysts predict that Amplitude, Inc. will post -0.6 earnings per share for the current year.

Insider Buying and Selling

In other news, CTO Curtis Liu sold 22,201 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $8.03, for a total transaction of $178,274.03. Following the sale, the chief technology officer directly owned 1,004,779 shares of the company’s stock, valued at $8,068,375.37. This represents a 2.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Catherine Wong sold 7,453 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $6.79, for a total value of $50,605.87. Following the transaction, the director owned 111,462 shares of the company’s stock, valued at $756,826.98. This represents a 6.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 21.59% of the company’s stock.

Hedge Funds Weigh In On Amplitude

Institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP purchased a new stake in shares of Amplitude during the 3rd quarter valued at about $32,000. Osaic Holdings Inc. increased its stake in Amplitude by 57.8% during the second quarter. Osaic Holdings Inc. now owns 5,132 shares of the company’s stock worth $64,000 after acquiring an additional 1,879 shares during the last quarter. Krilogy Financial LLC bought a new stake in Amplitude during the first quarter worth approximately $77,000. Schonfeld Strategic Advisors LLC purchased a new stake in Amplitude during the third quarter valued at approximately $113,000. Finally, Morse Asset Management Inc purchased a new stake in Amplitude during the fourth quarter valued at approximately $116,000. 73.20% of the stock is owned by hedge funds and other institutional investors.

About Amplitude

Amplitude, Inc is a software company specializing in digital analytics and product intelligence solutions for businesses seeking to optimize user engagement and drive growth. Its core offering, the Amplitude Analytics platform, enables customers to collect and analyze behavioral data from web and mobile applications in real time. The platform provides advanced segmentation, funnel analysis, retention tracking and pathfinding tools that help product, marketing and data teams understand user journeys, identify friction points and measure the impact of new features.

Founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang, Amplitude is headquartered in Redwood City, California, with additional offices spanning North America, Europe and Asia.