Insider Selling: Amplitude (NASDAQ:AMPL) CEO Sells 70,087 Shares of Stock

Amplitude, Inc. (NASDAQ:AMPL) CEO Spenser Skates sold 70,087 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $14.52, for a total transaction of $1,017,663.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Spenser Skates also recently made the following trade(s):

• On Thursday, October 1st, Spenser Skates sold 3,539 shares of Amplitude stock. The stock was sold at an average price of $14.45, for a total transaction of $51,138.55.
• On Wednesday, September 30th, Spenser Skates sold 1,374 shares of Amplitude stock. The stock was sold at an average price of $14.45, for a total transaction of $19,854.30.
• On Thursday, September 10th, Spenser Skates sold 185,000 shares of Amplitude stock. The shares were sold at an average price of $12.30, for a total transaction of $2,275,500.00.

Amplitude Stock Performance

NASDAQ AMPL traded down $0.09 on Tuesday, reaching $14.79. The company had a trading volume of 2,458,309 shares, compared to its average volume of 2,152,990. The company’s fifty day moving average is $12.65 and its 200-day moving average is $9.19. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of -19.72 and a beta of 1.49. Amplitude, Inc. has a 1-year low of $5.51 and a 1-year high of $15.13.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $100.89 million for the quarter, compared to the consensus estimate 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. On average, research analysts forecast that Amplitude, Inc. will post -0.66 earnings per share for the current year.

Hedge Funds Weigh In On Amplitude

A number of hedge funds and other institutional investors have recently bought and sold shares of AMPL. Meros Investment Management LP lifted its position in shares of Amplitude by 12.6% in the fourth quarter. Meros Investment Management LP now owns 861,874 shares of the company’s stock valued at $9,981,000 after buying an additional 96,779 shares during the last quarter. Gagnon Securities LLC increased its holdings in shares of Amplitude by 36.8% during the 4th quarter. Gagnon Securities LLC now owns 698,870 shares of the company’s stock worth $8,093,000 after acquiring an additional 188,139 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of Amplitude by 43.4% during the 2nd quarter. Squarepoint Ops LLC now owns 1,021,647 shares of the company’s stock worth $7,816,000 after acquiring an additional 309,252 shares during the last quarter. Gagnon Advisors LLC raised its stake in Amplitude by 29.5% in the 4th quarter. Gagnon Advisors LLC now owns 457,212 shares of the company’s stock valued at $5,295,000 after acquiring an additional 104,221 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Amplitude by 368.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 617,713 shares of the company’s stock valued at $4,213,000 after acquiring an additional 485,752 shares during the period. Institutional investors own 73.20% of the company’s stock.

Analyst Upgrades and Downgrades

AMPL has been the subject of a number of recent research reports. BTIG Research increased their price objective on shares of Amplitude from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. DA Davidson boosted 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. Piper Sandler upped their price objective on Amplitude from $13.00 to $18.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 30th. Raymond James Financial started coverage on Amplitude in a report on Tuesday, June 30th. They issued a “strong-buy” rating and a $10.00 price objective for the company. Finally, Citigroup raised their target price on shares of Amplitude from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. One 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 issued a Sell rating to the stock. According to MarketBeat.com, Amplitude currently has an average rating of “Moderate Buy” and an average target price of $13.05.

About Amplitude

Amplitude, Inc is a software company that provides a digital analytics platform designed to help organizations understand and improve digital products and customer experiences. Its platform enables businesses to collect, analyze and visualize behavioral data from websites, mobile applications and other digital services.

The company’s product offerings include product analytics, session replay, experimentation and data management capabilities. These tools help product, marketing and engineering teams track user journeys, identify engagement trends, evaluate changes and make data-informed decisions throughout the product development and customer lifecycle.

Amplitude was founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang and is headquartered in San Francisco, California.