Amplitude (NASDAQ:AMPL) Stock Gets Price Target Boost from Piper Sandler

Amplitude (NASDAQ:AMPL) had its price objective boosted by research analysts at Piper Sandler from $18.00 to $22.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler‘s price objective points to a potential upside of 31.74% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. DA Davidson raised their price target on Amplitude from $10.00 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings raised shares of Amplitude from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Citigroup boosted their target price on shares of Amplitude from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Morgan Stanley boosted their price objective on shares of Amplitude from $12.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Finally, UBS Group boosted their price target on Amplitude from $8.50 to $13.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.64.

Amplitude Price Performance

NASDAQ AMPL traded up $0.60 on Thursday, hitting $16.70. 2,412,851 shares of the stock were exchanged, compared to its average volume of 1,788,137. The company has a market capitalization of $1.69 billion, a PE ratio of -21.97 and a beta of 1.30. The business’s fifty day moving average is $14.81 and its 200 day moving average is $9.79. Amplitude has a 52 week low of $5.51 and a 52 week high of $18.85.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. The company had revenue of $110.64 million for the quarter, compared to analyst estimates of $107.02 million. Amplitude had a negative net margin of 26.59% and a negative return on equity of 42.62%. Analysts predict that Amplitude will post -0.66 EPS for the current fiscal year.

Insider Transactions at Amplitude

In other news, CEO Spenser Skates sold 185,000 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $12.30, for a total transaction of $2,275,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction, the insider owned 1,622,696 shares of the company’s stock, valued at $21,078,821.04. This represents a 15.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 675,049 shares of company stock worth $9,276,846 in the last three months. Insiders own 21.59% of the company’s stock.

Institutional Trading of Amplitude

Hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC increased its position in Amplitude by 43.4% in the second quarter. Squarepoint Ops LLC now owns 1,021,647 shares of the company’s stock worth $7,816,000 after buying an additional 309,252 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Amplitude by 368.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 617,713 shares of the company’s stock worth $4,213,000 after purchasing an additional 485,752 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Amplitude in the first quarter valued at approximately $3,930,000. First Trust Advisors LP increased its holdings in shares of Amplitude by 362.8% in the first quarter. First Trust Advisors LP now owns 424,566 shares of the company’s stock worth $2,896,000 after purchasing an additional 332,830 shares during the period. Finally, Quantinno Capital Management LP boosted its position in shares of Amplitude by 1,683.8% during the 1st quarter. Quantinno Capital Management LP now owns 370,515 shares of the company’s stock valued at $2,527,000 after acquiring an additional 349,744 shares during the last quarter. Institutional investors own 73.20% of the company’s stock.

Amplitude News Summary

Here are the key news stories impacting Amplitude this week:

• Positive Sentiment: Q3 results beat expectations. Amplitude reported earnings of $0.04 per share versus the $0.03 consensus and revenue of $110.65 million versus estimates of $107.02 million. Reports also highlighted 25% revenue growth and a full-year outlook above expectations—signs of solid business momentum. Q3 earnings results Sales and outlook
• Positive Sentiment: Analysts raised price targets after the report. UBS lifted its target to $22 and maintained a Buy rating; KeyCorp and Piper Sandler also raised targets to $22 with Overweight ratings. Needham raised its target to $21 and BTIG to $19, both with Buy ratings. These revisions suggest analysts see further potential after the results. UBS target increase Analyst forecast changes
• Neutral Sentiment: Citigroup’s view was more cautious. Citi raised its target from $11 to $18 but retained a Neutral rating, implying more limited upside than the higher targets from other firms. Citigroup rating
• Neutral Sentiment: The CEO reported small stock sales. Spenser Skates sold 962 shares across two transactions for about $16,837 in total. The disclosed sales are modest in size and may have limited significance for investors. SEC filing

About Amplitude

Amplitude, Inc is a software company that provides digital analytics and product experience solutions. Its platform helps organizations collect, analyze and act on user behavior data across websites, mobile applications and other digital products.

The company’s offerings include Amplitude Analytics, which enables teams to measure user engagement, retention and conversion; experimentation tools for testing product changes; session replay capabilities for reviewing user interactions; and data management and governance features.