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In a recent transaction filed with the Securities and Exchange Commission, Catherine Wong, a director at Amplitude , Inc. (NASDAQ:AMPL), sold 3,515 shares of Class A Common Stock. The shares were sold on March 11, 2025, at a weighted average price of $12.0443, amounting to a total sale value of $42,335. The digital analytics company, currently valued at $1.55 billion, has seen its stock surge 37% over the past six months, trading near its InvestingPro Fair Value.
The transaction was executed as part of a 10b5-1 trading plan, which Wong adopted on December 10, 2024. This sale was conducted to satisfy tax obligations related to the vesting of restricted stock units (RSUs). According to InvestingPro, Amplitude maintains a strong balance sheet with more cash than debt and ample liquidity to meet short-term obligations. Following this transaction, Wong holds 91,169 shares, which includes 26,707 RSUs.
In other recent news, Amplitude Inc has been the focus of multiple analyst reports and strategic developments. KeyBanc Capital Markets recently increased its price target for Amplitude to $17, maintaining an Overweight rating, citing the company’s impressive revenue performance and surpassing of consensus estimates for Annual Recurring Revenue (ARR). The firm’s forecast suggests continued revenue acceleration into the first half of 2025, although they noted the need for margin improvement. Similarly, DA Davidson reaffirmed its Buy rating with a $16 target, expressing confidence in Amplitude’s strategic initiatives aimed at enhancing platform usage and acquiring new enterprise customers. Needham also initiated coverage with a Buy rating and a $16 price target, highlighting the company’s potential for revenue growth and platform expansion.
Furthermore, Amplitude has appointed Tien Tzuo, a seasoned enterprise software executive, to its Board of Directors, aiming to leverage his strategic marketing expertise to bolster the company’s leadership in digital analytics. Analysts from KeyBanc and Needham have expressed optimism about Amplitude’s product innovations, especially in artificial intelligence, which are expected to drive enterprise sales. These developments reflect a positive outlook from various analysts on Amplitude’s growth potential and strategic direction.
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