Amplitude (NASDAQ:AMPL) Given New $18.00 Price Target at Piper Sandler

Amplitude (NASDAQ:AMPL) had its price objective hoisted by investment analysts at Piper Sandler from $13.00 to $18.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s target price would indicate a potential upside of 31.96% from the stock’s previous close.

Several other research firms have also issued reports on AMPL. Raymond James Financial assumed coverage on shares of Amplitude in a research report on Tuesday, June 30th. They issued a “strong-buy” rating and a $10.00 price target on the stock. DA Davidson upped their price objective on shares of Amplitude from $10.00 to $12.50 and gave the company a “buy” rating in a research report on Thursday, August 6th. UBS Group increased their target price on shares of Amplitude from $8.50 to $13.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Citigroup boosted their price target on Amplitude from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Finally, Weiss Ratings raised Amplitude from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.05.

Amplitude Stock Performance

Amplitude stock opened at $13.64 on Wednesday. Amplitude has a 52 week low of $5.51 and a 52 week high of $14.76. The firm has a market capitalization of $1.38 billion, a PE ratio of -18.19 and a beta of 1.50. The business’s 50-day simple moving average is $12.17 and its 200-day simple moving average is $8.99.

Amplitude (NASDAQ:AMPL) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $100.89 million during the quarter, compared to analyst estimates 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 forecast that Amplitude will post -0.66 earnings per share for the current year.

Insider Transactions at Amplitude

In other news, 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 sale, the insider directly owned 1,622,696 shares in the company, valued at approximately $21,078,821.04. The trade was a 15.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Spenser Skates sold 185,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $12.30, for a total transaction of $2,275,500.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 21.59% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amplitude

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in Amplitude by 368.1% during the first quarter. Dimensional Fund Advisors LP now owns 617,713 shares of the company’s stock worth $4,213,000 after acquiring an additional 485,752 shares in the last quarter. First Trust Advisors LP lifted its holdings in Amplitude by 362.8% during the 1st quarter. First Trust Advisors LP now owns 424,566 shares of the company’s stock valued at $2,896,000 after purchasing an additional 332,830 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Amplitude in the first quarter valued at about $3,097,000. Bank of New York Mellon Corp bought a new stake in Amplitude during the second quarter worth about $2,204,000. Finally, Squarepoint Ops LLC grew its stake in Amplitude by 43.4% during 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. Institutional investors own 73.20% of the company’s stock.

Amplitude Company Profile

Amplitude, Inc (NASDAQ: AMPL) develops a digital analytics platform that helps companies understand how users interact with their websites, mobile applications and other digital products. Its software is designed to help organizations analyze customer behavior, identify opportunities for product improvement and support data-driven decision-making.

The company’s product offerings include Amplitude Analytics for behavioral and product analysis, along with tools for experimentation, session replay, customer data management and product performance monitoring.