Bessemer Group Inc. Makes New $174,000 Investment in Amprius Technologies, Inc. $AMPX

Bessemer Group Inc. purchased a new stake in shares of Amprius Technologies, Inc. (NYSE:AMPX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 41,333 shares of the company’s stock, valued at approximately $174,000.

Several other large investors have also made changes to their positions in AMPX. Millennium Management LLC boosted its holdings in Amprius Technologies by 94.5% in the 1st quarter. Millennium Management LLC now owns 1,396,013 shares of the company’s stock worth $3,741,000 after buying an additional 678,442 shares during the last quarter. Essex Investment Management Co. LLC acquired a new position in Amprius Technologies during the first quarter worth $2,508,000. Baird Financial Group Inc. purchased a new stake in shares of Amprius Technologies in the first quarter valued at about $1,341,000. Legato Capital Management LLC acquired a new stake in shares of Amprius Technologies during the 1st quarter worth approximately $744,000. Finally, Charles Schwab Investment Management Inc. raised its position in Amprius Technologies by 30.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 257,943 shares of the company’s stock valued at $691,000 after purchasing an additional 59,501 shares during the period. 5.04% of the stock is owned by institutional investors and hedge funds.

Amprius Technologies Stock Performance

Shares of NYSE AMPX opened at $12.10 on Wednesday. The company’s fifty day moving average is $10.84 and its two-hundred day moving average is $6.91. Amprius Technologies, Inc. has a one year low of $1.21 and a one year high of $16.03. The firm has a market capitalization of $1.51 billion, a P/E ratio of -36.65 and a beta of 2.87.

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, topping the consensus estimate of ($0.08) by $0.03. The business had revenue of $15.07 million during the quarter, compared to the consensus estimate of $12.38 million. Amprius Technologies had a negative return on equity of 55.79% and a negative net margin of 84.77%. On average, sell-side analysts forecast that Amprius Technologies, Inc. will post -0.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Kang Sun sold 65,654 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $6.82, for a total value of $447,760.28. Following the transaction, the chief executive officer directly owned 1,472,306 shares of the company’s stock, valued at approximately $10,041,126.92. This trade represents a 4.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Sandra Wallach sold 28,390 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $6.82, for a total value of $193,619.80. Following the sale, the chief financial officer owned 1,005,275 shares in the company, valued at approximately $6,855,975.50. The trade was a 2.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 113,203 shares of company stock valued at $772,044. Insiders own 12.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AMPX. Northland Securities set a $20.00 price objective on shares of Amprius Technologies in a research report on Tuesday, October 7th. HC Wainwright reissued a “buy” rating and set a $18.00 price objective (up from $10.00) on shares of Amprius Technologies in a research report on Friday, August 8th. William Blair upgraded Amprius Technologies from a “market perform” rating to an “outperform” rating in a research note on Friday, July 18th. Roth Capital set a $14.00 target price on shares of Amprius Technologies and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.71.

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.