Charles Schwab Investment Management Inc. Buys 59,501 Shares of Amprius Technologies, Inc. $AMPX

Charles Schwab Investment Management Inc. increased its stake in Amprius Technologies, Inc. (NYSE:AMPX) by 30.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 257,943 shares of the company’s stock after buying an additional 59,501 shares during the period. Charles Schwab Investment Management Inc. owned 0.22% of Amprius Technologies worth $691,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Essex Investment Management Co. LLC purchased a new stake in Amprius Technologies in the first quarter worth about $2,508,000. Millennium Management LLC purchased a new stake in Amprius Technologies in the fourth quarter worth about $2,009,000. Oppenheimer & Co. Inc. grew its holdings in Amprius Technologies by 319.4% in the first quarter. Oppenheimer & Co. Inc. now owns 491,378 shares of the company’s stock worth $1,317,000 after purchasing an additional 374,228 shares during the period. Two Sigma Investments LP grew its holdings in Amprius Technologies by 323.1% in the fourth quarter. Two Sigma Investments LP now owns 443,311 shares of the company’s stock worth $1,241,000 after purchasing an additional 338,524 shares during the period. Finally, Legato Capital Management LLC purchased a new stake in Amprius Technologies in the first quarter worth about $744,000. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Amprius Technologies Trading Up 2.9%

Shares of AMPX stock opened at $7.29 on Wednesday. Amprius Technologies, Inc. has a 12 month low of $0.61 and a 12 month high of $9.66. The stock has a market cap of $912.21 million, a P/E ratio of -22.10 and a beta of 2.72. The company has a 50 day simple moving average of $6.84 and a two-hundred day simple moving average of $4.12.

Amprius Technologies (NYSE:AMPX) last announced its earnings results on Thursday, August 7th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. Amprius Technologies had a negative net margin of 84.77% and a negative return on equity of 55.79%. The business had revenue of $15.07 million during the quarter, compared to analysts’ expectations of $12.38 million. As a group, equities analysts forecast that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMPX has been the topic of a number of recent research reports. Cantor Fitzgerald upped their price objective on shares of Amprius Technologies from $10.00 to $12.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Roth Capital restated a “buy” rating and issued a $10.00 price objective (up previously from $6.00) on shares of Amprius Technologies in a report on Tuesday, August 5th. B. Riley upped their price objective on shares of Amprius Technologies from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, August 8th. William Blair upgraded shares of Amprius Technologies from a “market perform” rating to an “outperform” rating in a report on Friday, July 18th. Finally, HC Wainwright reiterated a “buy” rating and issued a $18.00 target price (up previously from $10.00) on shares of Amprius Technologies in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $11.71.

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CEO Kang Sun sold 65,654 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $6.82, for a total transaction of $447,760.28. Following the completion of the sale, the chief executive officer directly owned 1,472,306 shares of the company’s stock, valued at approximately $10,041,126.92. This represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sandra Wallach sold 28,390 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $6.82, for a total transaction of $193,619.80. Following the sale, the chief financial officer directly owned 1,005,275 shares of the company’s stock, valued at approximately $6,855,975.50. This represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 113,203 shares of company stock valued at $772,044. Insiders own 12.80% of the company’s stock.

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.