Sign In
Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
AMPL.US
id: 1107

Amplitude (AMPL) Slower Expansion 2022 Stock Crash Case

N.D. California
Court
3:24-cv-00898
Case number
21 Sept 2021
Class period Start
16 Feb 2022
Class period End
15 Apr 2024
Lead Plaintiff motion deadline
  • $AMPL investor filed an initial claim vs. Amplitude and Seniors for overstating the Company's perspectives during and soon after its IPO in 2021, which led to shareholder losses.
  • In February 2022, news about slower expansion caused $AMPL to fall 58%, losing over $2B+ in shareholder value.
On February 16, 2022, Amplitude (AMPL) released weak Q4 2021 results and cut its 2022 guidance.

Amplitude revealed that its vaunted land-and-expand strategy, which its leaders had claimed had already proven successful, was poised to “take a few years” before it was expected to accelerate results. The management “really did not know” when this impact would occur.

On this news, $AMPL plunged 58% and lost over $2 billion of its market capitalization, seriously damaging shareholders.
  • In September 2021, Amplitude successfully conducted its IPO with its executive stating rapid growth trajectory
  • While reassuring investors of Amplitude’s ability to sustain outsized gains through its land-and-expand strategy, in the months following the IPO Amplitude’s senior management and insiders cashed out over $275 million in $AMPL at inflated prices, including $30+ million by its CEO and $17+ million by its CFO.
Currently, $AMPL trades at less than $15 per share, more than 80% below its 2021 highs. The weakness in its land-and-expand strategy is keeping the stock price depressed.

The first investor already filed a claim against Amplitude and its seniors for overstating the Company's perspectives during and soon after the IPO, which led consequently to shareholder losses.
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
17 February 2022
Filing date
14 February 2024
Lead Plaintiff Deadline
15 April 2024
Collecting participants…

Amplitude Inc

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...

    Ticker
    AMPL.US
    ISIN
    US03213A1043
    CIK
    1866692
    Sector
    Technology
    Industry
    Software - Application
    Country
    USA
    Address
    201 Third Street, San Francisco, CA, United States, 94103