Amplitude (NASDAQ:AMPL) Shares Gap Up – What’s Next?

Amplitude, Inc. (NASDAQ:AMPL) shares gapped up before the market opened on Wednesday . 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 traded.

Analysts Set New Price Targets

Several equities analysts recently commented on AMPL shares. Weiss Ratings downgraded shares of Amplitude from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. Raymond James Financial initiated coverage on shares of Amplitude in a research note on Tuesday. They issued a “strong-buy” rating and a $10.00 price objective for the company. Bank of America reissued a “neutral” rating and issued a $8.00 price objective (down from $10.00) on shares of Amplitude in a report on Thursday, May 7th. Finally, Piper Sandler decreased their target price on shares of Amplitude from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $12.20.

Amplitude Stock Performance

The company has a fifty day simple moving average of $6.95 and a two-hundred day simple moving average of $8.01. The stock has a market capitalization of $878.22 million, a price-to-earnings ratio of -12.60 and a beta of 1.45.

Amplitude (NASDAQ:AMPL) last released its earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $93.49 million for the quarter, compared to analyst estimates of $92.95 million. Amplitude’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, equities analysts anticipate that Amplitude, Inc. will post -0.59 earnings per share for the current year.

Insider Activity

In related news, CTO Curtis Liu sold 22,201 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $8.03, for a total transaction of $178,274.03. Following the sale, the chief technology officer owned 1,004,779 shares in the company, valued at approximately $8,068,375.37. This trade represents a 2.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Catherine Wong sold 7,453 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $6.79, for a total transaction of $50,605.87. Following the sale, the director owned 111,462 shares in the company, valued at $756,826.98. This represents a 6.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 47,240 shares of company stock worth $371,678. Insiders own 21.59% of the company’s stock.

Institutional Investors Weigh In On Amplitude

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMPL. Quarry LP bought a new position in shares of Amplitude in the 3rd quarter valued at $32,000. Osaic Holdings Inc. lifted its position in shares of Amplitude by 57.8% during the 2nd quarter. Osaic Holdings Inc. now owns 5,132 shares of the company’s stock worth $64,000 after buying an additional 1,879 shares during the last quarter. Krilogy Financial LLC bought a new stake in shares of Amplitude during the 1st quarter worth $77,000. Legato Capital Management LLC acquired a new stake in Amplitude in the third quarter valued at about $112,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Amplitude in the third quarter valued at about $113,000. 73.20% of the stock is currently owned by institutional investors.

About Amplitude

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.