Geode Capital Management LLC Grows Stock Holdings in Amprius Technologies, Inc. (NYSE:AMPX)

Geode Capital Management LLC grew its holdings in shares of Amprius Technologies, Inc. (NYSE:AMPX) by 50.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 548,138 shares of the company’s stock after acquiring an additional 184,863 shares during the period. Geode Capital Management LLC’s holdings in Amprius Technologies were worth $608,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. increased its position in shares of Amprius Technologies by 84.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock valued at $29,000 after acquiring an additional 10,300 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Amprius Technologies during the second quarter valued at approximately $72,000. AQR Capital Management LLC bought a new stake in shares of Amprius Technologies during the second quarter valued at approximately $99,000. Charles Schwab Investment Management Inc. increased its position in shares of Amprius Technologies by 124.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock valued at $304,000 after acquiring an additional 152,102 shares in the last quarter. Finally, State Street Corp increased its position in shares of Amprius Technologies by 4.7% during the third quarter. State Street Corp now owns 286,390 shares of the company’s stock valued at $318,000 after acquiring an additional 12,900 shares in the last quarter. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Jonathan Bornstein sold 18,170 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total transaction of $35,613.20. Following the completion of the sale, the insider now owns 454,131 shares of the company’s stock, valued at $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 is available at this link. Also, CFO Sandra Wallach sold 17,158 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total transaction of $33,629.68. Following the sale, the chief financial officer now directly owns 696,142 shares of the company’s stock, valued at approximately $1,364,438.32. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,903 shares of company stock valued at $86,050. Company insiders own 12.80% of the company’s stock.

Amprius Technologies Trading Up 18.2 %

NYSE:AMPX opened at $3.58 on Friday. Amprius Technologies, Inc. has a 12 month low of $0.61 and a 12 month high of $5.26. The company has a market cap of $378.90 million, a PE ratio of -7.96 and a beta of 2.42. The company has a 50 day simple moving average of $2.20 and a two-hundred day simple moving average of $1.52.

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

Analysts Set New Price Targets

AMPX has been the subject of several 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 target on shares of Amprius Technologies in a research report on Monday, November 11th. Finally, Northland Securities raised their price target on shares of Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Amprius Technologies currently has a consensus rating of “Buy” and an average target price of $9.17.

Amprius Technologies Company Profile

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.