Geode Capital Management LLC Increases Stock Holdings in Amprius Technologies, Inc. $AMPX

Geode Capital Management LLC raised its position in Amprius Technologies, Inc. (NYSE:AMPX) by 167.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,593,607 shares of the company’s stock after acquiring an additional 998,649 shares during the quarter. Geode Capital Management LLC owned approximately 1.35% of Amprius Technologies worth $6,710,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AMPX. Millennium Management LLC boosted its stake in shares of Amprius Technologies by 94.5% in the first quarter. Millennium Management LLC now owns 1,396,013 shares of the company’s stock valued at $3,741,000 after purchasing an additional 678,442 shares during the period. Baird Financial Group Inc. purchased a new position in Amprius Technologies in the 1st quarter valued at approximately $1,341,000. Charles Schwab Investment Management Inc. grew its stake in shares of Amprius Technologies by 30.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 257,943 shares of the company’s stock worth $691,000 after acquiring an additional 59,501 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Amprius Technologies by 128.6% in the first quarter. Goldman Sachs Group Inc. now owns 244,646 shares of the company’s stock worth $656,000 after acquiring an additional 137,640 shares in the last quarter. Finally, Apis Capital Advisors LLC purchased a new stake in shares of Amprius Technologies during the first quarter worth $445,000. Institutional investors and hedge funds own 5.04% of the company’s stock.

Insider Activity at Amprius Technologies

In other news, CTO Constantin Ionel Stefan sold 25,024 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $10.08, for a total value of $252,241.92. Following the completion of the transaction, the chief technology officer owned 821,951 shares in the company, valued at approximately $8,285,266.08. This represents a 2.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kang Sun sold 68,655 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $10.08, for a total transaction of $692,042.40. Following the completion of the transaction, the chief executive officer directly owned 1,403,651 shares in the company, valued at $14,148,802.08. This trade represents a 4.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,093,679 shares of company stock valued at $11,544,284 in the last 90 days. Insiders own 12.90% of the company’s stock.

Amprius Technologies Stock Performance

AMPX opened at $12.19 on Friday. Amprius Technologies, Inc. has a one year low of $1.63 and a one year high of $16.03. The company has a market cap of $1.59 billion, a P/E ratio of -46.88 and a beta of 2.94. The business’s 50-day simple moving average is $12.02 and its 200-day simple moving average is $8.28.

Amprius Technologies (NYSE:AMPX) last posted its earnings results on Thursday, November 6th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03. The firm had revenue of $21.43 million during the quarter, compared to analysts’ expectations of $16.45 million. Amprius Technologies had a negative return on equity of 38.85% and a negative net margin of 53.16%. As a group, analysts predict that Amprius Technologies, Inc. will post -0.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Roth Capital set a $14.00 target price on Amprius Technologies and gave the company a “buy” rating in a report on Wednesday, October 22nd. B. Riley lifted their price objective on Amprius Technologies from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Friday, August 8th. 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. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald boosted their price target on shares of Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $14.29.

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.