Amplitude (NASDAQ:AMPL) Sees Strong Trading Volume on Earnings Beat

Amplitude, Inc. (NASDAQ:AMPL) shares saw strong trading volume on Thursday following a stronger than expected earnings report. 2,701,782 shares were traded during trading, an increase of 111% from the previous session’s volume of 1,283,015 shares.The stock last traded at $9.9050 and had previously closed at $9.64.

The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The company had revenue of $88.57 million for the quarter, compared to analyst estimates of $86.29 million. Amplitude had a negative net margin of 30.43% and a negative return on equity of 33.08%. Amplitude’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.03 EPS. Amplitude has set its FY 2025 guidance at 0.060-0.08 EPS. Q4 2025 guidance at 0.040-0.05 EPS.

Analysts Set New Price Targets

AMPL has been the topic of several analyst reports. Benchmark reiterated a “buy” rating on shares of Amplitude in a report on Friday, July 11th. Piper Sandler reaffirmed an “overweight” rating and set a $16.00 price objective on shares of Amplitude in a report on Thursday. Robert W. Baird decreased their price objective on shares of Amplitude from $16.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday. UBS Group raised shares of Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Friday, October 31st. Finally, DA Davidson reiterated a “buy” rating and issued a $16.00 price objective on shares of Amplitude in a research note on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Amplitude has an average rating of “Moderate Buy” and an average price target of $14.40.

Insider Transactions at Amplitude

In other Amplitude news, Director Erica Schultz sold 10,000 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $10.12, for a total value of $101,200.00. Following the sale, the director owned 107,406 shares of the company’s stock, valued at $1,086,948.72. The trade was a 8.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 27,500 shares of company stock valued at $297,750. Insiders own 23.83% of the company’s stock.

Institutional Trading of Amplitude

Institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC bought a new position in Amplitude during the first quarter worth about $107,000. Teacher Retirement System of Texas acquired a new position in shares of Amplitude in the 1st quarter worth approximately $119,000. Principal Financial Group Inc. acquired a new position in shares of Amplitude in the 1st quarter worth approximately $1,586,000. CWM LLC grew its position in Amplitude by 311.8% in the first quarter. CWM LLC now owns 14,273 shares of the company’s stock valued at $145,000 after acquiring an additional 10,807 shares during the period. Finally, Allianz Asset Management GmbH grew its position in Amplitude by 266.0% in the first quarter. Allianz Asset Management GmbH now owns 38,800 shares of the company’s stock valued at $395,000 after acquiring an additional 28,200 shares during the period. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Amplitude Stock Up 3.4%

The business has a 50-day simple moving average of $10.66 and a two-hundred day simple moving average of $11.33. The stock has a market capitalization of $1.02 billion, a P/E ratio of -13.14 and a beta of 1.51.

About Amplitude

Amplitude, Inc, together with its subsidiaries, provides a digital analytics platform that analyzes customer behavior in the United States and internationally. It offers Amplitude Analytics, which provides real-time product data and reconstructed user visits; Amplitude Experiment, a solution that allows teams to test new capabilities and safely roll out new features; Amplitude CDP, an insight-driven solution that encompasses the data infrastructure, audience management, and data streaming capabilities; and Amplitude Session Replay used by product, marketing, and data teams to understand user behavior, diagnose product issues, and improve product outcomes.