Lawsuit filed for Investors who lost money with shares of Amplitude, Inc. (NASDAQ: AMPL)

An investor, who purchased shares of Amplitude, Inc. (NASDAQ: AMPL), filed a lawsuit over alleged violations of Federal Securities Laws by Amplitude, Inc. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Amplitude, Inc. (NASDAQ: AMPL) have certain options and for certain investors are short and strict deadlines running. Deadline: April 15, 2024. NASDAQ: AMPL investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

San Francisco, CA based Amplitude, Inc. provides a digital analytics platform to analyze customer behavior within digital products in the United States and internationally.

On February 16, 2022, Amplitude, Inc. (NASDAQ: AMPL) revised downward its 2022 revenue guidance, from more than 40% to a range of $226 million to $234 million (or 35% to 40%). During the earnings call that followed, Amplitude CFO, defendant Hoang Vuong, stated that Amplitude was still "a few years" away from many of its new customers "completely embrac[ing] the full capability of [Amplitude's] digital optimization," which he stated would eventually "drive larger expansion."

Shares of Amplitude, Inc. (NASDAQ: AMPL) declined from $87.98 per share on November 04, 2021, to as low as $13.64 per share on May 12, 2022.

The plaintiff claims that between September 21, 2021 and February 16, 2022, the defendants made false and/or misleading statements and/or failed to disclose that Amplitude's land-and-expand strategy was years away from significantly accelerating revenues among its newer client cohorts, and that the rapid acceleration in Amplitude's second quarter of 2021 results resulted from the ephemeral effects of the COVID-19 pandemic which had not continued by September 2021, as Amplitude, Inc clients were expanding at a slower pace.

Those who purchased shares of Amplitude, Inc. (NASDAQ: AMPL) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.