HighTower Advisors LLC Invests $43,000 in Amprius Technologies, Inc. (NYSE:AMPX)

HighTower Advisors LLC bought a new position in shares of Amprius Technologies, Inc. (NYSE:AMPX) during the 4th quarter, HoldingsChannel reports. The firm bought 15,500 shares of the company’s stock, valued at approximately $43,000.

Several other hedge funds also recently added to or reduced their stakes in AMPX. Charles Schwab Investment Management Inc. grew its stake 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 worth $304,000 after acquiring an additional 152,102 shares during the last quarter. State Street Corp raised its position in shares of Amprius Technologies by 4.7% in the 3rd quarter. State Street Corp now owns 286,390 shares of the company’s stock valued at $318,000 after purchasing an additional 12,900 shares during the last quarter. Geode Capital Management LLC boosted its stake in Amprius Technologies by 50.9% in the 3rd quarter. Geode Capital Management LLC now owns 548,138 shares of the company’s stock worth $608,000 after purchasing an additional 184,863 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in Amprius Technologies by 29.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock worth $31,000 after purchasing an additional 6,700 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Amprius Technologies by 343.1% in the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock worth $30,000 after buying an additional 20,939 shares during the last quarter. 5.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AMPX. B. Riley boosted their price objective on shares of Amprius Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday, March 21st. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price target on shares of Amprius Technologies in a research report on Friday, March 21st. Roth Mkm restated a “buy” rating and issued a $6.00 price objective on shares of Amprius Technologies in a research note on Friday, March 21st. Northland Securities lifted their target price on Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Finally, Oppenheimer increased their price target on shares of Amprius Technologies from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Friday, March 21st. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amprius Technologies has a consensus rating of “Buy” and an average price target of $9.43.

Amprius Technologies Stock Down 6.1 %

Shares of AMPX opened at $2.39 on Friday. The stock’s 50-day moving average price is $2.80 and its 200-day moving average price is $2.26. The company has a market capitalization of $281.26 million, a price-to-earnings ratio of -5.30 and a beta of 2.56. Amprius Technologies, Inc. has a 52 week low of $0.61 and a 52 week high of $4.21.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings data on Thursday, March 20th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.01. The business had revenue of $10.63 million for the quarter, compared to analyst estimates of $7.12 million. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. As a group, equities analysts anticipate that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal year.

Insider Activity at Amprius Technologies

In related news, CFO Sandra Wallach sold 18,142 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $56,784.46. Following the completion of the transaction, the chief financial officer now owns 678,000 shares of the company’s stock, valued at approximately $2,122,140. This represents a 2.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Constantin Ionel Stefan sold 9,066 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $28,376.58. Following the transaction, the chief technology officer now owns 421,489 shares in the company, valued at $1,319,260.57. This represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,088 shares of company stock worth $235,025. 12.80% of the stock is owned by company insiders.

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.