Jupiter Asset Management Ltd. Takes $428,000 Position in Amplitude, Inc. $AMPL

Jupiter Asset Management Ltd. acquired a new stake in shares of Amplitude, Inc. (NASDAQ:AMPL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 34,545 shares of the company’s stock, valued at approximately $428,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ProShare Advisors LLC lifted its holdings in Amplitude by 5.6% during the second quarter. ProShare Advisors LLC now owns 17,865 shares of the company’s stock valued at $222,000 after purchasing an additional 955 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Amplitude by 53.0% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 236,858 shares of the company’s stock valued at $2,937,000 after purchasing an additional 82,070 shares during the period. Savant Capital LLC raised its position in shares of Amplitude by 17.7% during the 2nd quarter. Savant Capital LLC now owns 180,153 shares of the company’s stock valued at $2,234,000 after purchasing an additional 27,087 shares during the period. Bank of Montreal Can purchased a new position in shares of Amplitude during the 2nd quarter valued at $1,351,000. Finally, Pathway Capital Management LP boosted its holdings in Amplitude by 28.4% in the 2nd quarter. Pathway Capital Management LP now owns 216,386 shares of the company’s stock worth $2,683,000 after buying an additional 47,912 shares during the period. 73.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMPL has been the topic of a number of recent analyst reports. Piper Sandler reissued an “overweight” rating and set a $16.00 price target on shares of Amplitude in a report on Thursday, November 6th. UBS Group raised Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Friday, October 31st. DA Davidson reissued a “buy” rating and issued a $16.00 price target on shares of Amplitude in a report on Monday, September 29th. Wall Street Zen lowered shares of Amplitude from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. Finally, Needham & Company LLC boosted their target price on shares of Amplitude from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $14.40.

Amplitude Price Performance

Shares of AMPL opened at $10.73 on Friday. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of -13.41 and a beta of 1.51. Amplitude, Inc. has a 1 year low of $7.55 and a 1 year high of $14.88. The business’s 50 day simple moving average is $10.57 and its 200-day simple moving average is $11.42.

Amplitude (NASDAQ:AMPL) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.02 earnings per share 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 analysts’ expectations of $86.29 million. During the same quarter in the previous year, the business posted $0.03 earnings per share. Amplitude’s quarterly revenue 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. On average, sell-side analysts expect that Amplitude, Inc. will post -0.62 earnings per share for the current year.

Insider Activity

In other news, Director Erica Schultz sold 10,000 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $10.12, for a total transaction of $101,200.00. Following the sale, the director directly owned 107,406 shares in the company, valued at approximately $1,086,948.72. This represents a 8.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew Casey purchased 30,000 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average cost of $9.99 per share, with a total value of $299,700.00. Following the acquisition, the chief financial officer owned 1,160,608 shares in the company, valued at $11,594,473.92. The trade was a 2.65% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have sold 420,000 shares of company stock worth $4,607,800. 23.83% of the stock is currently owned by corporate insiders.

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.