Insider Selling: Amplitude (NASDAQ:AMPL) CEO Sells 70,087 Shares of Company Stock

Amplitude, Inc. (NASDAQ:AMPL) CEO Spenser Skates sold 70,087 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $14.52, for a total transaction of $1,017,663.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Spenser Skates also recently made the following trade(s):

• On Thursday, October 1st, Spenser Skates sold 3,539 shares of Amplitude stock. The stock was sold at an average price of $14.45, for a total transaction of $51,138.55.
• On Wednesday, September 30th, Spenser Skates sold 1,374 shares of Amplitude stock. The stock was sold at an average price of $14.45, for a total value of $19,854.30.
• On Thursday, September 10th, Spenser Skates sold 185,000 shares of Amplitude stock. The shares were sold at an average price of $12.30, for a total value of $2,275,500.00.

Amplitude Stock Performance

Shares of NASDAQ AMPL traded down $0.09 during trading hours on Tuesday, reaching $14.79. 2,458,309 shares of the stock were exchanged, compared to its average volume of 2,152,990. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of -19.72 and a beta of 1.49. Amplitude, Inc. has a 52 week low of $5.51 and a 52 week high of $15.13. The stock’s fifty day simple moving average is $12.65 and its 200 day simple moving average is $9.19.

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 the consensus estimate of ($0.01). The business had revenue of $100.89 million during the quarter, compared to analysts’ expectations 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. Research analysts predict that Amplitude, Inc. will post -0.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new stake in shares of Amplitude in the 2nd quarter valued at $48,000. Squarepoint Ops LLC increased its stake in shares of Amplitude by 43.4% in the 2nd quarter. Squarepoint Ops LLC now owns 1,021,647 shares of the company’s stock valued at $7,816,000 after purchasing an additional 309,252 shares during the last quarter. Corient Private Wealth LP raised its holdings in shares of Amplitude by 982.2% during the 2nd quarter. Corient Private Wealth LP now owns 178,613 shares of the company’s stock worth $1,366,000 after buying an additional 162,109 shares in the last quarter. Madison Asset Management LLC acquired a new position in shares of Amplitude during the 2nd quarter worth $2,390,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Amplitude during the 2nd quarter worth $2,204,000. 73.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMPL. Morgan Stanley lifted their target price on Amplitude from $12.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Citigroup upped their price target on shares of Amplitude from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Raymond James Financial started coverage on shares of Amplitude in a research report on Tuesday, June 30th. They set a “strong-buy” rating and a $10.00 price target on the stock. DA Davidson lifted their price objective 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. Finally, BTIG Research boosted their price objective on shares of Amplitude from $10.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, August 6th. One research 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 issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $13.05.

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.