Curtis Liu, serving as the Chief Technology Officer at Amplitude, Inc. (NASDAQ: AMPL), completed a sale of the company's Class A Common Stock on June 1, 2026. The transaction involved the disposal of 22,786 shares, executed at a weighted average price of $8.0259 per share, resulting in total proceeds of approximately $182,878. The execution of these sales was governed by a pre-arranged 10b5-1 trading plan, which Mr. Liu originally adopted on November 26, 2025. The shares were liquidated across multiple trades, with execution prices fluctuating between $8.0000 and $8.0600.
The timing of this executive sale coincides with a notable depreciation in Amplitude's stock valuation. Data indicates that the share price has declined to $6.65, reflecting a substantial drop of approximately 38% over the preceding six-month period. Despite this recent downward trajectory, analytical assessments suggest that the stock may currently be trading at undervalued levels relative to its fundamentals. Investors seeking comprehensive evaluation of the company's financial position can review detailed insights through AMPL's Pro Research Report, which is part of a broader database encompassing over 1,400 available reports.
Subsequent to the initial disclosure of the transaction, an amendment to the filing was submitted to rectify discrepancies in the reported number of shares sold and the resulting total shares held post-transaction. This correction addressed a specific administrative error by the executing broker, which had resulted in 585 fewer shares being sold than mandated by Mr. Liu's Rule 10b5-1 trading plan. To resolve this discrepancy, the broker credited Mr. Liu for the additional 585 shares at the June 1, 2026 sale price and absorbed the associated costs, thereby avoiding any additional open-market sale.
Following the completion of these transactions, Mr. Liu's direct ownership of Amplitude Class A Common Stock stands at 1,004,194 shares. This total equity position includes 880,520 restricted stock units, indicating a significant retained stake in the company's long-term performance.
In parallel with the insider activity, Amplitude Inc. released its financial results for the first quarter of 2026, revealing a mixed operational performance. The company reported an earnings per share (EPS) of -$0.02, which fell short of the anticipated forecast of -$0.01. Conversely, Amplitude demonstrated strength in revenue generation, achieving $93.5 million against a projected $92.9 million. Furthermore, the company revised its fiscal 2026 revenue guidance upward, setting a midpoint of $400 million. This projection signifies a 16.5% year-over-year growth rate, an improvement from the previous forecast of 14.8% growth. This upward revision is attributed to a strategic partnership with product testing vendor Statsig, which was subsequently acquired by OpenAI for $1.1 billion. Piper Sandler has reiterated an Overweight rating on Amplitude, maintaining a price target of $9.00 in light of these developments.