Key Points
- Amplitude CEO Spenser Skates sold 185,000 shares at an average price of $12.30, generating $2.28 million. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Amplitude reported quarterly revenue of $100.89 million, exceeding the $98.16 million consensus estimate, while adjusted earnings per share matched expectations at a loss of $0.01.
- Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $12.55; institutional investors and hedge funds own 73.2% of shares.
Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Amplitude Price Performance
Shares of Amplitude stock opened at $13.65 on Tuesday. Amplitude, Inc. has a 1 year low of $5.51 and a 1 year high of $14.76. The business has a 50 day moving average price of $11.28 and a 200 day moving average price of $8.53. The company has a market capitalization of $1.38 billion, a P/E ratio of -18.20 and a beta of 1.50.
Amplitude (NASDAQ:AMPL - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The company 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. As a group, research analysts expect that Amplitude, Inc. will post -0.63 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms recently commented on AMPL. Raymond James Financial began coverage on Amplitude in a research report on Tuesday, June 30th. They set a "strong-buy" rating and a $10.00 price objective for the company. DA Davidson raised their price target on shares of Amplitude from $10.00 to $12.50 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Citigroup lifted their price target on shares of Amplitude from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. UBS Group boosted their price objective on shares of Amplitude from $8.50 to $13.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Finally, Morgan Stanley upped their price objective on shares of Amplitude from $12.00 to $16.00 and gave the company an "overweight" rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $12.55.
Get Our Latest Analysis on AMPL
Institutional Investors Weigh In On Amplitude
Several hedge funds have recently modified their holdings of AMPL. Integrated Wealth Concepts LLC purchased a new stake in Amplitude in the second quarter valued at approximately $48,000. Krilogy Financial LLC acquired a new position in Amplitude during the first quarter worth approximately $77,000. Kemnay Advisory Services Inc. purchased a new position in Amplitude during the fourth quarter worth approximately $119,000. ProShare Advisors LLC raised its stake in Amplitude by 10.5% during the fourth quarter. ProShare Advisors LLC now owns 16,880 shares of the company's stock worth $195,000 after purchasing an additional 1,600 shares during the period. Finally, Blue Trust Inc. boosted 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 purchasing an additional 5,481 shares during the last quarter. 73.20% of the stock is owned by institutional investors and hedge funds.
About Amplitude
(
Get Free Report)
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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