Catherine Wong Sells 7,453 Shares of Amplitude (NASDAQ:AMPL) Stock

Amplitude, Inc. (NASDAQ:AMPL) Director Catherine Wong sold 7,453 shares of the company’s 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 sale, the director owned 111,462 shares in the company, valued at approximately $756,826.98. This trade represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Amplitude Price Performance

NASDAQ:AMPL opened at $6.65 on Wednesday. The firm has a market capitalization of $690.74 million, a price-to-earnings ratio of -9.93 and a beta of 1.45. The business has a 50 day simple moving average of $6.85 and a 200-day simple moving average of $8.28. Amplitude, Inc. has a 1 year low of $5.51 and a 1 year high of $14.49.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $93.49 million for the quarter, compared to analysts’ expectations of $92.95 million. Amplitude had a negative net margin of 25.11% and a negative return on equity of 34.98%. The business’s revenue was up 16.9% on a year-over-year basis. Amplitude has set its Q2 2026 guidance at -0.020–0.010 EPS and its FY 2026 guidance at 0.030-0.060 EPS. As a group, analysts expect that Amplitude, Inc. will post -0.59 earnings per share for the current fiscal year.

Amplitude announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 18th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 11.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages recently commented on AMPL. UBS Group cut their price target on shares of Amplitude from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. BTIG Research decreased their price objective on shares of Amplitude from $14.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. Weiss Ratings cut Amplitude from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. KeyCorp reduced their price target on Amplitude from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Finally, Piper Sandler decreased their price target on Amplitude from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Nine equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.44.

Institutional Investors Weigh In On Amplitude

Large investors have recently added to or reduced their stakes in the stock. UBS Group AG raised its stake in shares of Amplitude by 173.8% during the fourth quarter. UBS Group AG now owns 544,805 shares of the company’s stock valued at $6,309,000 after acquiring an additional 345,813 shares in the last quarter. Vanguard Group Inc. grew its stake in Amplitude by 2.6% in the third quarter. Vanguard Group Inc. now owns 9,891,218 shares of the company’s stock worth $106,034,000 after purchasing an additional 252,646 shares in the last quarter. TimesSquare Capital Management LLC increased its holdings in Amplitude by 22.9% during the 4th quarter. TimesSquare Capital Management LLC now owns 2,513,383 shares of the company’s stock worth $29,105,000 after purchasing an additional 468,418 shares during the period. Neuberger Berman Group LLC purchased a new position in Amplitude during the 3rd quarter worth $4,573,000. Finally, ArrowMark Colorado Holdings LLC raised its position in Amplitude by 25.8% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,585,582 shares of the company’s stock valued at $16,997,000 after purchasing an additional 324,985 shares in the last quarter. 73.20% of the stock is owned by hedge funds and other institutional investors.

Amplitude Company Profile

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.