Amplitude director Eric Vishria sells $254,482 in stock

Eric Vishria, a director at Amplitude, Inc. (NASDAQ:AMPL), has sold 25,000 shares of Class A Common Stock, according to a recent SEC filing. The shares were sold at an average price of $10.1793, with the total transaction amounting to $254,482. This sale was conducted under a 10b5-1 trading plan, which Vishria adopted on March 1, 2024. Following this transaction, Vishria holds 286,208 shares indirectly through entities he controls.

In other recent news, Amplitude Inc. reported a 6% year-over-year increase in third-quarter revenue, reaching $75.2 million. The company's non-GAAP operating income stood at $1.6 million, representing 2.1% of revenue. Additionally, Amplitude's annual recurring revenue (ARR) reached $298 million. The company now serves nearly 3,500 paying customers, with 567 contributing more than $100,000 in ARR.

In terms of major developments, the company has raised its full-year revenue outlook to between $297.1 million and $298.1 million. It also announced the acquisition of Command AI, which is expected to drive customer synergies and potential revenue uplift between 20% to 50%. Despite macroeconomic challenges and new Russian sanctions, Amplitude remains positive about its future growth.

The company's strategic focus includes AI integration, product innovation, and targeting enterprise clients. Furthermore, Amplitude's recent product launch, "Amplitude Made Easy," led to a 40% increase in self-service sign-ups. The company's leadership has expressed confidence in these strategies as key growth drivers. These are some of the recent developments at Amplitude Inc.

InvestingPro Insights

Adding context to Eric Vishria's recent stock sale, Amplitude, Inc. (NASDAQ:AMPL) has shown mixed financial performance. According to InvestingPro data, the company's revenue growth has slowed to 8.29% over the last twelve months, with Q3 2024 showing a 6.48% quarterly increase. Despite this deceleration, Amplitude maintains a strong gross profit margin of 74.23%, indicating efficient core operations.

InvestingPro Tips highlight that Amplitude holds more cash than debt on its balance sheet and its liquid assets exceed short-term obligations, suggesting a solid financial position. This could provide some reassurance to investors concerned about the director's stock sale.

However, it's worth noting that Amplitude is not currently profitable, with an operating income margin of -29.15% over the last twelve months. This aligns with another InvestingPro Tip indicating that the company has not been profitable over this period. Interestingly, analysts predict that Amplitude will turn profitable this year, which could explain the recent strong stock performance, with a 22.9% price return over the last three months.

For investors seeking a more comprehensive analysis, InvestingPro offers 7 additional tips that could provide further insights into Amplitude's financial health and market position.

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