Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 23,845 Amplitude, Inc. (NASDAQ:AMPL)

Connor Clark & Lunn Investment Management Ltd. bought a new position in Amplitude, Inc. (NASDAQ:AMPL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,845 shares of the company’s stock, valued at approximately $252,000.

Several other hedge funds and other institutional investors have also modified their holdings of AMPL. Barclays PLC grew its position in Amplitude by 371.7% in the third quarter. Barclays PLC now owns 128,537 shares of the company’s stock valued at $1,153,000 after acquiring an additional 101,289 shares during the period. M&T Bank Corp boosted its stake in shares of Amplitude by 86.8% in the 3rd quarter. M&T Bank Corp now owns 156,688 shares of the company’s stock valued at $1,405,000 after purchasing an additional 72,806 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Amplitude by 38.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 84,050 shares of the company’s stock worth $754,000 after purchasing an additional 23,526 shares during the last quarter. Walleye Capital LLC acquired a new stake in shares of Amplitude during the 3rd quarter worth about $726,000. Finally, Kera Capital Partners Inc. bought a new position in Amplitude during the 4th quarter valued at about $1,498,000. Institutional investors own 73.20% of the company’s stock.

Insider Buying and Selling

In other news, Director Eric Vishria sold 3,563 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $12.00, for a total value of $42,756.00. Following the completion of the sale, the director now directly owns 276,208 shares of the company’s stock, valued at $3,314,496. This represents a 1.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.80% of the stock is owned by insiders.

Amplitude Trading Down 1.2 %

Shares of NASDAQ AMPL opened at $11.65 on Monday. Amplitude, Inc. has a 1 year low of $7.37 and a 1 year high of $14.88. The firm’s 50-day moving average is $12.00 and its 200-day moving average is $10.61. The firm has a market capitalization of $1.51 billion, a PE ratio of -15.13 and a beta of 1.35.

Amplitude (NASDAQ:AMPL) last announced its quarterly earnings data on Wednesday, February 19th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.27). The business had revenue of $78.13 million during the quarter, compared to the consensus estimate of $76.68 million. Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. As a group, equities research analysts anticipate that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AMPL shares. KeyCorp raised shares of Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price objective for the company in a report on Friday, December 13th. Piper Sandler raised their price target on Amplitude from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price objective on shares of Amplitude in a research note on Tuesday, March 11th. Morgan Stanley raised their target price on Amplitude from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. Finally, Robert W. Baird raised Amplitude from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $12.00 to $17.00 in a report on Thursday, February 20th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Amplitude Company Profile

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.