Mercer Global Advisors Inc. ADV Takes Position in Amprius Technologies, Inc. (NYSE:AMPX)

Mercer Global Advisors Inc. ADV acquired a new position in Amprius Technologies, Inc. (NYSE:AMPX) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,000 shares of the company’s stock, valued at approximately $28,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Jane Street Group LLC acquired a new position in shares of Amprius Technologies in the fourth quarter worth approximately $724,000. Utah Retirement Systems acquired a new position in shares of Amprius Technologies in the fourth quarter worth approximately $103,000. Northern Trust Corp lifted its stake in shares of Amprius Technologies by 33.6% in the fourth quarter. Northern Trust Corp now owns 208,420 shares of the company’s stock worth $584,000 after acquiring an additional 52,370 shares during the period. Marshall Wace LLP acquired a new position in shares of Amprius Technologies in the fourth quarter worth approximately $150,000. Finally, XTX Topco Ltd lifted its stake in shares of Amprius Technologies by 486.4% in the fourth quarter. XTX Topco Ltd now owns 280,094 shares of the company’s stock worth $784,000 after acquiring an additional 232,332 shares during the period. 5.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Oppenheimer lifted their price objective on Amprius Technologies from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Friday, March 21st. HC Wainwright reissued a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a research note on Friday, March 21st. Cantor Fitzgerald initiated coverage on Amprius Technologies in a research note on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 price target on the stock. Roth Mkm reissued a “buy” rating and issued a $6.00 price target on shares of Amprius Technologies in a research note on Friday, March 21st. Finally, B. Riley boosted their price target on Amprius Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Friday, March 21st. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $9.50.

Amprius Technologies Stock Up 0.2%

NYSE AMPX opened at $2.74 on Friday. The company has a market cap of $322.53 million, a price-to-earnings ratio of -6.08 and a beta of 2.23. Amprius Technologies, Inc. has a 52 week low of $0.61 and a 52 week high of $4.21. The business has a 50 day moving average price of $2.46 and a 200-day moving average price of $2.52.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01. The firm had revenue of $11.28 million during the quarter, compared to the consensus estimate of $8.52 million. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. On average, equities research analysts anticipate that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Insider Buying and Selling

In related news, CTO Constantin Ionel Stefan sold 9,066 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $28,376.58. Following the completion of the sale, the chief technology officer now owns 421,489 shares in the company, valued at approximately $1,319,260.57. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Sandra Wallach sold 18,142 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $56,784.46. Following the sale, the chief financial officer now owns 678,000 shares of the company’s stock, valued at $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 90 days, insiders sold 75,088 shares of company stock worth $235,025. 12.90% of the stock is owned by corporate insiders.

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.