Mirae Asset Global Investments Co. Ltd. Purchases Shares of 58,433 Amprius Technologies, Inc. $AMPX

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Amprius Technologies, Inc. (NYSE:AMPX) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 58,433 shares of the company’s stock, valued at approximately $615,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE raised 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 purchasing an additional 3,055 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Amprius Technologies by 86.7% during the 1st quarter. AQR Capital Management LLC now owns 77,764 shares of the company’s stock worth $208,000 after purchasing an additional 36,116 shares during the period. Millennium Management LLC raised its position in shares of Amprius Technologies by 94.5% during the first quarter. Millennium Management LLC now owns 1,396,013 shares of the company’s stock valued at $3,741,000 after buying an additional 678,442 shares during the last quarter. Goldman Sachs Group Inc. lifted 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 valued at $656,000 after buying an additional 137,640 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Amprius Technologies by 61.1% in the first 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. Institutional investors and hedge funds own 5.04% of the company’s stock.

Insider Activity

In related news, Director Kang Sun sold 43,185 shares of the stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $11.03, for a total transaction of $476,330.55. Following the completion of the sale, the director owned 1,403,651 shares in the company, valued at $15,482,270.53. This trade represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Constantin Ionel Stefan sold 39,690 shares of the business’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $12.00, for a total transaction of $476,280.00. Following the completion of the transaction, the chief technology officer owned 748,696 shares in the company, valued at approximately $8,984,352. This trade represents a 5.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 3,399,331 shares of company stock worth $37,048,615. 12.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AMPX has been the topic of several research reports. Roth Mkm set a $14.00 price target on Amprius Technologies and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Needham & Company LLC initiated coverage on Amprius Technologies in a research report on Thursday, January 29th. They set a “buy” rating and a $20.00 price objective on the stock. Oppenheimer restated an “outperform” rating and issued a $17.00 target price on shares of Amprius Technologies in a research note on Tuesday, December 23rd. Cantor Fitzgerald lifted their price target on shares of Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, January 21st. Seven analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.57.

Amprius Technologies Price Performance

Amprius Technologies stock opened at $10.56 on Friday. The business has a 50 day simple moving average of $10.43 and a 200 day simple moving average of $10.15. The company has a market capitalization of $1.38 billion, a PE ratio of -40.62 and a beta of 2.99. Amprius Technologies, Inc. has a one year low of $1.70 and a one year high of $16.03.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $21.43 million for 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%. Equities analysts anticipate that Amprius Technologies, Inc. will post -0.45 earnings per share for the current fiscal year.

About Amprius Technologies

Amprius Technologies, Inc (NYSE: AMPX) is a U.S.-based developer of high-energy-density lithium-ion batteries that leverage silicon anode technology to deliver performance levels beyond conventional graphite-based cells. The company’s batteries are designed to offer industry-leading gravimetric energy density, enabling longer run times and reduced weight for portable power applications. Amprius blends advanced materials science and scalable manufacturing processes to commercialize next-generation battery solutions.

At the core of Amprius’ product portfolio are cylindrical and prismatic cells that employ a proprietary silicon nanowire anode, which supports high charge/discharge rates while maintaining cycle life.