Amplitude (NASDAQ:AMPL) Price Target Raised to $18.00

Amplitude (NASDAQ:AMPL) had its price target boosted by Piper Sandler from $13.00 to $18.00 in a research note published on Wednesday, MarketBeat Ratings reports. The brokerage currently has an overweight rating on the stock.

AMPL has been the subject of several other research reports. DA Davidson increased their target price on shares of Amplitude from $10.00 to $12.50 and gave the stock a “buy” rating in a report on Thursday, August 6th. Raymond James Financial initiated coverage on shares of Amplitude in a research note on Tuesday, June 30th. They issued a “strong-buy” rating and a $10.00 price target on the stock. Citigroup boosted their price target on shares of Amplitude from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. BTIG Research increased their price objective on shares of Amplitude from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded Amplitude from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.05.

Amplitude Stock Performance

Shares of Amplitude stock opened at $14.52 on Wednesday. The firm has a market cap of $1.47 billion, a PE ratio of -19.36 and a beta of 1.49. The business’s 50 day simple moving average is $12.52 and its 200 day simple moving average is $9.12. Amplitude has a 52-week low of $5.51 and a 52-week high of $14.76.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm 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, equities research analysts predict that Amplitude will post -0.66 EPS for the current year.

Insiders Place Their Bets

In other Amplitude news, CEO Spenser Skates sold 185,000 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $12.30, for a total value of $2,275,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nathaniel Glenn Crook sold 300,000 shares of Amplitude stock in a transaction dated 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 of the company’s stock, valued at approximately $21,078,821.04. This trade represents a 15.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 489,913 shares of company stock worth $6,243,493. 21.59% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new stake in Amplitude in the 2nd quarter valued at about $48,000. Krilogy Financial LLC acquired a new position in Amplitude during the first quarter worth approximately $77,000. Kemnay Advisory Services Inc. bought a new stake in Amplitude in the fourth quarter valued at approximately $119,000. ProShare Advisors LLC raised its stake in Amplitude by 10.5% in the fourth quarter. ProShare Advisors LLC now owns 16,880 shares of the company’s stock valued at $195,000 after buying an additional 1,600 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Amplitude by 15.8% in the first quarter. Blue Trust Inc. now owns 40,204 shares of the company’s stock valued at $274,000 after buying an additional 5,481 shares during the last quarter. 73.20% of the stock is currently owned by institutional investors and hedge funds.

About Amplitude

Amplitude, Inc is a software company that provides a digital analytics platform designed to help organizations understand and improve digital products and customer experiences. Its platform enables businesses to collect, analyze and visualize behavioral data from websites, mobile applications and other digital services.

The company’s product offerings include product analytics, session replay, experimentation and data management capabilities. These tools help product, marketing and engineering teams track user journeys, identify engagement trends, evaluate changes and make data-informed decisions throughout the product development and customer lifecycle.

Amplitude was founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang and is headquartered in San Francisco, California.