Amplitude (NASDAQ:AMPL) Shares Up 7.4% – Here’s What Happened

Amplitude, Inc. (NASDAQ:AMPL) shares shot up 7.4% on Friday . The company traded as high as $7.41 and last traded at $7.3890. 617,135 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 2,100,494 shares. The stock had previously closed at $6.88.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AMPL. DA Davidson dropped their target price on Amplitude from $16.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Bank of America reiterated a “neutral” rating and issued a $8.00 target price (down from $10.00) on shares of Amplitude in a report on Thursday, May 7th. BTIG Research dropped their target price on Amplitude from $14.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Weiss Ratings downgraded Amplitude from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, April 24th. Finally, KeyCorp dropped their target price on Amplitude from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.44.

Amplitude Price Performance

The business has a fifty day moving average of $6.71 and a 200 day moving average of $8.54. The stock has a market cap of $812.24 million, a price-to-earnings ratio of -11.67 and a beta of 1.43.

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

Amplitude declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 18th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 11.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other Amplitude news, CTO Curtis Liu sold 17,586 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $8.12, for a total transaction of $142,798.32. Following the transaction, the chief technology officer owned 1,067,259 shares in the company, valued at $8,666,143.08. This trade represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 21.59% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amplitude

Several hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Amplitude by 2.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,739 shares of the company’s stock valued at $592,000 after acquiring an additional 1,340 shares during the period. ProShare Advisors LLC boosted its position in shares of 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 acquiring an additional 1,600 shares during the period. HighTower Advisors LLC boosted its position in shares of Amplitude by 4.4% in the fourth quarter. HighTower Advisors LLC now owns 37,791 shares of the company’s stock valued at $438,000 after acquiring an additional 1,607 shares during the period. Osaic Holdings Inc. boosted its position in shares of Amplitude by 57.8% in the second quarter. Osaic Holdings Inc. now owns 5,132 shares of the company’s stock valued at $64,000 after acquiring an additional 1,879 shares during the period. Finally, Landscape Capital Management L.L.C. boosted its position in shares of Amplitude by 7.5% in the fourth quarter. Landscape Capital Management L.L.C. now owns 30,386 shares of the company’s stock valued at $352,000 after acquiring an additional 2,132 shares during the period. 73.20% of the stock is owned by 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.