AXQ Capital LP Takes Position in Amprius Technologies, Inc. (NYSE:AMPX)

AXQ Capital LP purchased a new position in shares of Amprius Technologies, Inc. (NYSE:AMPX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,655 shares of the company’s stock, valued at approximately $44,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Amprius Technologies by 50.9% during the third 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 during the period. Charles Schwab Investment Management Inc. grew its position in 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 buying an additional 152,102 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in Amprius Technologies during the 4th quarter worth $328,000. Pathway Capital Management LP acquired a new position in Amprius Technologies in the 4th quarter valued at $245,000. Finally, Hamilton Lane Advisors LLC bought a new stake in shares of Amprius Technologies during the 4th quarter valued at $129,000. Institutional investors and hedge funds own 5.04% of the company’s stock.

Analyst Ratings Changes

AMPX has been the topic of a number of recent analyst reports. B. Riley raised their price target on Amprius Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Friday. Cantor Fitzgerald started coverage on shares of Amprius Technologies in a research report on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 target price for the company. 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 research report on Friday. HC Wainwright reissued a “buy” rating and issued a $10.00 price objective on shares of Amprius Technologies in a research note on Friday. Finally, Roth Mkm restated a “buy” rating and set a $6.00 target price on shares of Amprius Technologies in a research note on Friday. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $9.43.

Insider Buying and Selling at Amprius Technologies

In other news, CTO Constantin Ionel Stefan sold 9,066 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $28,376.58. Following the completion of the transaction, the chief technology officer now owns 421,489 shares of the company’s stock, valued at approximately $1,319,260.57. This trade represents a 2.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sandra Wallach sold 18,142 shares of Amprius Technologies stock in a transaction on Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $56,784.46. Following the transaction, the chief financial officer now owns 678,000 shares in the company, valued at approximately $2,122,140. This trade represents a 2.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 75,088 shares of company stock worth $235,025. 12.80% of the stock is currently owned by insiders.

Amprius Technologies Price Performance

AMPX stock opened at $3.30 on Tuesday. Amprius Technologies, Inc. has a 1 year low of $0.61 and a 1 year high of $4.21. The stock has a market cap of $348.74 million, a price-to-earnings ratio of -7.32 and a beta of 2.56. The company has a 50 day simple moving average of $2.91 and a 200 day simple moving average of $2.15.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings results on Thursday, March 20th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $10.63 million during the quarter, compared to the consensus estimate of $7.12 million. On average, equities research analysts anticipate that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal year.

Amprius Technologies 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.