Amplitude (NASDAQ:AMPL) Shares Gap Up Following Analyst Upgrade

Amplitude, Inc. (NASDAQ:AMPL) shares gapped up prior to trading on Wednesday after Raymond James Financial upgraded the stock to a strong-buy rating. The stock had previously closed at $7.65, but opened at $8.24. Amplitude shares last traded at $8.3750, with a volume of 285,000 shares changing hands.

A number of other analysts also recently issued reports on the company. Bank of America reaffirmed a “neutral” rating and set a $8.00 price target (down from $10.00) on shares of Amplitude in a report on Thursday, May 7th. Piper Sandler dropped their price objective on Amplitude from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Finally, Weiss Ratings lowered Amplitude from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.20.

Insiders Place Their Bets

In other Amplitude news, CTO Curtis Liu sold 22,201 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $8.03, for a total value of $178,274.03. Following the completion of the transaction, the chief technology officer owned 1,004,779 shares in the company, valued at $8,068,375.37. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Catherine Wong sold 7,453 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $6.79, for a total value of $50,605.87. Following the transaction, the director directly owned 111,462 shares in the company, valued at approximately $756,826.98. The trade was a 6.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 47,240 shares of company stock worth $371,678 over the last ninety days. Insiders own 21.59% of the company’s stock.

Institutional Trading of Amplitude

Large investors have recently made changes to their positions in the company. AQR Capital Management LLC increased its position in Amplitude by 120.7% during the first quarter. AQR Capital Management LLC now owns 226,486 shares of the company’s stock worth $2,308,000 after buying an additional 123,886 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Amplitude by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,399 shares of the company’s stock valued at $473,000 after acquiring an additional 2,038 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Amplitude during the first quarter worth approximately $580,000. Jones Financial Companies Lllp grew its position in shares of Amplitude by 93,569.0% during the first quarter. Jones Financial Companies Lllp now owns 93,669 shares of the company’s stock worth $954,000 after acquiring an additional 93,569 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Amplitude by 60.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 473,491 shares of the company’s stock valued at $4,825,000 after acquiring an additional 177,599 shares during the period. 73.20% of the stock is owned by institutional investors and hedge funds.

Amplitude Trading Up 3.4%

The business’s fifty day moving average price is $7.01 and its 200 day moving average price is $7.97. The firm has a market capitalization of $918.21 million, a price-to-earnings ratio of -13.19 and a beta of 1.44.

Amplitude (NASDAQ:AMPL) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $93.49 million for the quarter, compared to analyst estimates of $92.95 million. Amplitude had a negative return on equity of 34.98% and a negative net margin of 25.11%.The company’s quarterly 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, sell-side analysts forecast that Amplitude, Inc. will post -0.59 earnings per share for the current fiscal year.

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.