Amprius Technologies, Inc. $AMPX Stock Position Increased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. boosted its position in Amprius Technologies, Inc. (NYSE:AMPX) by 128.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 244,646 shares of the company’s stock after purchasing an additional 137,640 shares during the quarter. Goldman Sachs Group Inc. owned about 0.21% of Amprius Technologies worth $656,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE increased its stake in Amprius Technologies by 31.1% during the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock valued at $36,000 after buying an additional 3,055 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new position in Amprius Technologies during the 1st quarter valued at about $40,000. Cornerstone Partners Capital Management LLC acquired a new position in Amprius Technologies during the 1st quarter valued at about $41,000. Rhumbline Advisers increased its stake in Amprius Technologies by 61.1% during the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock valued at $42,000 after buying an additional 5,951 shares during the period. Finally, Wolverine Trading LLC acquired a new position in Amprius Technologies during the 4th quarter valued at about $48,000. 5.04% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CTO Constantin Ionel Stefan sold 19,159 shares of the business’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 $130,664.38. Following the sale, the chief technology officer owned 846,975 shares in the company, valued at $5,776,369.50. The trade was a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kang Sun sold 65,654 shares of the business’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 sale, the chief executive officer owned 1,472,306 shares in the company, valued at $10,041,126.92. This represents a 4.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,203 shares of company stock worth $772,044 over the last 90 days. 12.90% of the stock is owned by company insiders.

Amprius Technologies Price Performance

AMPX stock opened at $11.06 on Thursday. Amprius Technologies, Inc. has a 52-week low of $0.83 and a 52-week high of $12.29. The company’s 50 day simple moving average is $8.06 and its 200-day simple moving average is $4.82. The firm has a market capitalization of $1.38 billion, a P/E ratio of -33.52 and a beta of 2.72.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.05) earnings per share (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 for the quarter, compared to analyst estimates of $12.38 million. Sell-side analysts predict that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on AMPX. HC Wainwright reissued a “buy” rating and set a $18.00 target price (up previously from $10.00) on shares of Amprius Technologies in a research note on Friday, August 8th. B. Riley raised their target price on shares of Amprius Technologies from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Friday, August 8th. William Blair raised shares of Amprius Technologies from a “market perform” rating to an “outperform” rating in a research note on Friday, July 18th. Roth Capital reaffirmed a “buy” rating and issued a $10.00 price objective (up previously from $6.00) on shares of Amprius Technologies in a research note on Tuesday, August 5th. Finally, Cantor Fitzgerald lifted their price objective on shares of Amprius Technologies from $10.00 to $12.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. According to data from MarketBeat, Amprius Technologies presently has an average rating of “Buy” and a consensus price target of $11.71.

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.