Connor Clark & Lunn Investment Management Ltd. Purchases 82,070 Shares of Amplitude, Inc. $AMPL

Connor Clark & Lunn Investment Management Ltd. boosted its position in Amplitude, Inc. (NASDAQ:AMPL) by 53.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,858 shares of the company’s stock after purchasing an additional 82,070 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Amplitude were worth $2,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in AMPL. Baillie Gifford & Co. purchased a new stake in shares of Amplitude in the first quarter worth $20,292,000. Meros Investment Management LP raised its holdings in shares of Amplitude by 4,682.9% in the 1st quarter. Meros Investment Management LP now owns 462,314 shares of the company’s stock valued at $4,711,000 after acquiring an additional 452,648 shares in the last quarter. Nuveen LLC bought a new stake in shares of Amplitude during the 1st quarter valued at about $2,526,000. Cubist Systematic Strategies LLC purchased a new position in shares of Amplitude during the first quarter worth about $2,120,000. Finally, Informed Momentum Co LLC bought a new position in shares of Amplitude in the first quarter worth approximately $1,920,000. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

Amplitude Stock Performance

Shares of AMPL stock opened at $10.73 on Friday. The company has a market capitalization of $1.43 billion, a P/E ratio of -13.41 and a beta of 1.51. Amplitude, Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $14.88. The stock has a 50 day moving average price of $10.57 and a two-hundred day moving average price of $11.42.

Amplitude (NASDAQ:AMPL) last issued its earnings results on Wednesday, November 5th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. Amplitude had a negative net margin of 31.36% and a negative return on equity of 36.27%. The company had revenue of $88.56 million for the quarter, compared to the consensus estimate of $86.29 million. During the same period in the previous year, the firm earned $0.03 earnings per share. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. Amplitude has set its FY 2025 guidance at 0.060-0.08 EPS. Q4 2025 guidance at 0.040-0.05 EPS. As a group, equities analysts predict that Amplitude, Inc. will post -0.62 earnings per share for the current year.

Insider Buying and Selling

In other Amplitude news, CFO Andrew Casey purchased 30,000 shares of Amplitude stock in a transaction that occurred on Friday, November 7th. The shares were bought at an average price of $9.99 per share, for a total transaction of $299,700.00. Following the acquisition, the chief financial officer directly owned 1,160,608 shares in the company, valued at approximately $11,594,473.92. This trade represents a 2.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Spenser Skates sold 400,000 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $10.99, for a total value of $4,396,000.00. The SEC filing for this sale provides additional information. Insiders have sold 420,000 shares of company stock valued at $4,607,800 over the last ninety days. 23.83% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AMPL shares. Piper Sandler reissued an “overweight” rating and issued a $16.00 price target on shares of Amplitude in a research note on Thursday, November 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of Amplitude in a research note on Wednesday, October 8th. Robert W. Baird dropped their price target on Amplitude from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Wall Street Zen lowered Amplitude from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. Finally, Needham & Company LLC boosted their target price on Amplitude from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $14.40.

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.