Amplitude (NASDAQ:AMPL) Director Catherine Wong Sells 7,453 Shares of Stock

Amplitude, Inc. (NASDAQ:AMPL) Director Catherine Wong sold 7,453 shares of Amplitude stock in a transaction on Friday, June 12th. The shares were sold at an average price of $6.79, for a total value of $50,605.87. Following the sale, the director directly owned 111,462 shares of the company’s stock, valued at $756,826.98. This represents a 6.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Amplitude Stock Down 0.7%

Amplitude stock opened at $6.84 on Tuesday. The stock has a market cap of $710.47 million, a price-to-earnings ratio of -10.21 and a beta of 1.45. The business has a 50-day simple moving average of $6.85 and a 200 day simple moving average of $8.30. Amplitude, Inc. has a 52 week low of $5.51 and a 52 week high of $14.49.

Amplitude (NASDAQ:AMPL) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Amplitude had a negative net margin of 25.11% and a negative return on equity of 34.98%. The business had revenue of $93.49 million for the quarter, compared to the consensus estimate of $92.95 million. The company’s 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. On average, research analysts anticipate that Amplitude, Inc. will post -0.59 earnings per share for the current year.

Amplitude announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 18th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 11.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Amplitude

Hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC boosted its stake in shares of Amplitude by 120.7% in the 1st quarter. AQR Capital Management LLC now owns 226,486 shares of the company’s stock valued at $2,308,000 after purchasing an additional 123,886 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Amplitude by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,399 shares of the company’s stock worth $473,000 after purchasing an additional 2,038 shares during the last quarter. NewEdge Advisors LLC bought a new stake in Amplitude in the first quarter worth $580,000. Jones Financial Companies Lllp boosted its position in Amplitude by 93,569.0% during the first quarter. Jones Financial Companies Lllp now owns 93,669 shares of the company’s stock valued at $954,000 after buying an additional 93,569 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Amplitude by 60.0% during the first quarter. Goldman Sachs Group Inc. now owns 473,491 shares of the company’s stock valued at $4,825,000 after buying an additional 177,599 shares during the last quarter. 73.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. BTIG Research decreased their price target on shares of 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 shares of Amplitude from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, April 24th. Piper Sandler cut their target price on shares of Amplitude from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. KeyCorp reduced their target price on Amplitude from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Finally, DA Davidson lowered their price target on Amplitude from $16.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Amplitude has an average rating of “Moderate Buy” and a consensus price target of $12.44.

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.