FMR LLC & Abigail Johnson Disclose 5.005% Stake in Amplitude (AMPL)
Ticker: AMPL · Form: SC 13G · Filed: 2024-02-09T00:00:00.000Z
Sentiment: bullish
Topics: institutional-ownership, insider-buy, passive-investment
TL;DR
**FMR LLC and Abigail Johnson just revealed a 5.005% stake in Amplitude, signaling a big institutional buy-in.**
AI Summary
FMR LLC, a major investment management firm, and its principal owner, Abigail P. Johnson, have disclosed a 5.005% beneficial ownership stake in Amplitude, Inc. (AMPL) as of December 31, 2023. This filing, dated February 9, 2024, indicates FMR LLC now holds 4,187,692 shares of Amplitude's Class A Common Stock. This matters to investors because it signals a significant institutional investor's confidence in Amplitude, potentially influencing other investors and providing a stamp of approval for the company's future prospects.
Why It Matters
A large institutional investment from FMR LLC and Abigail P. Johnson can be seen as a vote of confidence in Amplitude, potentially attracting more investors and stabilizing the stock price.
Risk Assessment
Risk Level: low — This filing indicates a significant institutional investment, which generally reduces risk by showing confidence from a major player.
Analyst Insight
A smart investor would view this as a positive signal, potentially indicating a deeper dive into Amplitude's fundamentals and considering a long position, given the vote of confidence from a major institutional investor like FMR LLC.
Key Numbers
- 4,187,692 — Shares Beneficially Owned (Represents the total number of Class A Common Stock shares of Amplitude, Inc. held by FMR LLC and Abigail P. Johnson.)
- 5.005% — Percent of Class (Indicates the percentage of Amplitude, Inc.'s Class A Common Stock that FMR LLC and Abigail P. Johnson collectively own.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- Amplitude, Inc. (company) — issuer of the securities
- 4,187,692 (dollar_amount) — shares beneficially owned by FMR LLC and Abigail P. Johnson
- 5.005% (dollar_amount) — percentage of Class A Common Stock owned
Forward-Looking Statements
- Other institutional investors may increase their positions in Amplitude, Inc. following FMR LLC's disclosure. (Amplitude, Inc.) — medium confidence, target: Q2 2024
FAQ
Who are the reporting persons in this SC 13G filing?
The reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for each.
What percentage of Amplitude, Inc.'s Class A Common Stock do the reporting persons beneficially own?
FMR LLC and Abigail P. Johnson each beneficially own 5.005% of Amplitude, Inc.'s Class A Common Stock, as indicated in Item 11 for both reporting persons.
How many shares of Amplitude, Inc. Class A Common Stock are beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson beneficially own 4,187,692 shares of Amplitude, Inc. Class A Common Stock, as reported in Item 7 for both.
What is the CUSIP number for Amplitude, Inc.'s Class A Common Stock?
The CUSIP number for Amplitude, Inc.'s Class A Common Stock is 03213A104, as listed in Item 2(e) of the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing.
From the Filing
EDGAR Filing Documents for 0000315066-24-001018 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. 0000315066-24-001018 Filing Date 2024-02-09 Accepted 2024-02-09 08:35:54 Documents 1 Document Format Files Seq Description Document Type Size 1 filing.txt SC 13G 6556 Complete submission text file 0000315066-24-001018.txt 8198 Mailing Address 245 SUMMER STREET BOSTON MA 02210 Business Address 245 SUMMER STREET BOSTON MA 02210 6175706339 FMR LLC (Filed by) CIK : 0000315066 (see all company filings) EIN. : 043532603 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G SIC : 0000 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.: 24611370 SIC : 7372 Services-Prepackaged Software (CF Office: 06 Technology)