BlackRock Discloses 5.0% Stake in Amplitude, Inc.
Ticker: AMPL · Form: SC 13G · Filed: 2024-01-29T00:00:00.000Z
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**BlackRock just revealed a 5% stake in Amplitude, signaling institutional backing.**
AI Summary
BlackRock Inc., a major investment firm, reported on January 29, 2024, that it holds a significant stake in Amplitude, Inc. (NASDAQ: AMPL) as of December 31, 2023. This filing indicates BlackRock's ownership of 6,108,090 shares of Amplitude's Class A Common Stock, representing 5.0% of the company. This matters to investors because it signals that a large, institutional investor sees value in Amplitude, potentially boosting confidence in the stock, but also means BlackRock could influence future company decisions or stock price movements.
Why It Matters
BlackRock's substantial investment in Amplitude suggests institutional confidence, which can be a positive signal for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces perceived risk due to increased institutional oversight.
Analyst Insight
A smart investor would view BlackRock's 5.0% stake as a vote of confidence, potentially signaling a stable long-term outlook for Amplitude, Inc., and might consider further research into Amplitude's fundamentals.
Key Numbers
- 6,108,090 — Shares Owned (BlackRock's total beneficial ownership in Amplitude, Inc.)
- 5.0% — Ownership Percentage (BlackRock's stake in Amplitude, Inc.'s Class A Common Stock.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Amplitude, Inc. (company) — the subject company whose securities are being reported
- 6,108,090 (dollar_amount) — number of shares of Class A Common Stock beneficially owned by BlackRock Inc.
- 5.0% (dollar_amount) — percentage of Class A Common Stock beneficially owned by BlackRock Inc.
- December 31, 2023 (person) — date of the event which required the filing
- January 29, 2024 (person) — filing date of the SC 13G
Forward-Looking Statements
- Amplitude's stock price may experience increased stability due to BlackRock's significant, passive institutional ownership. (Amplitude, Inc.) — medium confidence, target: Next 6-12 months
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person in this SC 13G filing is BlackRock, Inc., as stated under 'Names of reporting persons' on the cover page.
What is the name of the issuer whose securities are being reported?
The name of the issuer is Amplitude, Inc., as specified under 'Name of Issuer' in the filing.
What percentage of Amplitude, Inc.'s Class A Common Stock does BlackRock, Inc. beneficially own?
BlackRock, Inc. beneficially owns 5.0% of Amplitude, Inc.'s Class A Common Stock, as indicated in the filing.
What was the date of the event that triggered this filing?
The date of the event which required this filing was December 31, 2023, as stated under 'Date of Event Which Requires Filing of this Statement'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the checked box '[X] Rule 13d-1(b)' in the filing.
From the Filing
EDGAR Filing Documents for 0001086364-24-005177 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G - Statement of Beneficial Ownership by Certain Investors: SEC Accession No. 0001086364-24-005177 Filing Date 2024-01-29 Accepted 2024-01-29 15:26:27 Documents 1 Document Format Files Seq Description Document Type Size 1 us03213a1043_012924.txt SC 13G 11747 Complete submission text file 0001086364-24-005177.txt 13540 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 201 THIRD STREET, SUITE 200 SAN FRANCISCO CA 94103 Business Address 201 THIRD STREET, SUITE 200 SAN FRANCISCO CA 94103 510 473-5668 Amplitude, Inc. (Subject) CIK : 0001866692 (see all company filings) EIN. : 000000000 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G | Act: 34 | File No.: 005-93357 | Film No.: 24573160 SIC : 7372 Services-Prepackaged Software (CF Office: 06 Technology)