State Street Corp Boosts Holdings in Amprius Technologies, Inc. (NYSE:AMPX)

State Street Corp increased its position in Amprius Technologies, Inc. (NYSE:AMPX) by 4.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 286,390 shares of the company’s stock after purchasing an additional 12,900 shares during the quarter. State Street Corp’s holdings in Amprius Technologies were worth $318,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. boosted its position in Amprius Technologies by 84.4% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock valued at $29,000 after buying an additional 10,300 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Amprius Technologies in the second quarter worth about $72,000. AQR Capital Management LLC purchased a new stake in Amprius Technologies during the 2nd quarter worth approximately $99,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Amprius Technologies by 124.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock worth $304,000 after purchasing an additional 152,102 shares during the last quarter. 5.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMPX has been the subject of a number of recent analyst reports. Northland Capmk raised shares of Amprius Technologies to a “strong-buy” rating in a research report on Wednesday, October 2nd. HC Wainwright reissued a “buy” rating and set a $10.00 price objective on shares of Amprius Technologies in a report on Monday, November 11th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $8.17.

Insider Activity

In other Amprius Technologies news, insider Jonathan Bornstein sold 18,170 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.96, for a total transaction of $35,613.20. Following the completion of the transaction, the insider now owns 454,131 shares in the company, valued at approximately $890,096.76. The trade was a 3.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sandra Wallach sold 17,158 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total value of $33,629.68. Following the transaction, the chief financial officer now directly owns 696,142 shares in the company, valued at $1,364,438.32. This trade represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,903 shares of company stock valued at $86,050. 12.80% of the stock is currently owned by company insiders.

Amprius Technologies Stock Up 14.7 %

Shares of NYSE AMPX opened at $3.28 on Friday. The firm’s 50-day moving average price is $2.00 and its two-hundred day moving average price is $1.44. Amprius Technologies, Inc. has a 52-week low of $0.61 and a 52-week high of $5.26. The stock has a market capitalization of $347.15 million, a P/E ratio of -7.29 and a beta of 2.92.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. The business had revenue of $7.86 million during the quarter, compared to analyst estimates of $7.70 million. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. During the same quarter in the previous year, the firm posted ($0.10) EPS. As a group, equities research analysts expect that Amprius Technologies, Inc. will post -0.44 earnings per share for the current year.

About Amprius Technologies

Amprius Technologies, Inc produces and sells ultra-high energy density lithium-ion batteries for mobility applications. The company offers silicon nanowire anode batteries. Its batteries are primarily used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites.