Amplitude (NASDAQ:AMPL) Shares Down 5.1% – Here’s What Happened

Amplitude, Inc. (NASDAQ:AMPL)’s stock price dropped 5.1% during trading on Friday . The stock traded as low as $12.62 and last traded at $12.8650. 200,028 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 2,203,935 shares. The stock had previously closed at $13.55.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. DA Davidson upped their price target on shares of Amplitude from $10.00 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Morgan Stanley lifted their price objective on shares of Amplitude from $12.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Raymond James Financial assumed coverage on shares of Amplitude in a research note on Tuesday, June 30th. They issued a “strong-buy” rating and a $10.00 price objective for the company. Piper Sandler upped their target price on Amplitude from $11.00 to $13.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, Weiss Ratings raised Amplitude from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. One equities 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.55.

Amplitude Price Performance

The firm has a market capitalization of $1.32 billion, a P/E ratio of -17.38 and a beta of 1.50. The stock’s fifty day simple moving average is $10.64 and its 200 day simple moving average is $8.24.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). Amplitude had a negative net margin of 26.59% and a negative return on equity of 42.62%. The business had revenue of $100.89 million during the quarter, compared to analyst estimates of $98.16 million. Amplitude has set its Q3 2026 guidance at 0.020-0.030 EPS and its FY 2026 guidance at 0.060-0.080 EPS. As a group, sell-side analysts forecast that Amplitude, Inc. will post -0.63 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Catherine Wong sold 7,453 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $6.79, for a total transaction of $50,605.87. Following the completion of the sale, the director owned 111,462 shares of the company’s stock, valued at $756,826.98. This represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 21.59% of the stock is owned by insiders.

Hedge Funds Weigh In On Amplitude

A number of large investors have recently made changes to their positions in the business. Alliancebernstein L.P. lifted its holdings in shares of Amplitude by 2,126.0% during the 2nd quarter. Alliancebernstein L.P. now owns 4,160,481 shares of the company’s stock valued at $51,590,000 after purchasing an additional 3,973,575 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Amplitude by 783.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,026,598 shares of the company’s stock worth $21,725,000 after purchasing an additional 1,797,228 shares in the last quarter. Vanguard Group Inc. grew its stake in Amplitude by 9.4% during the 4th quarter. Vanguard Group Inc. now owns 10,825,568 shares of the company’s stock worth $125,360,000 after buying an additional 934,350 shares during the last quarter. California State Teachers Retirement System grew its stake in Amplitude by 716.4% during the 2nd quarter. California State Teachers Retirement System now owns 718,037 shares of the company’s stock worth $5,493,000 after buying an additional 630,086 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Amplitude during the 1st quarter valued at about $3,930,000. 73.20% of the stock is owned by institutional investors and hedge funds.

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.