Alps Advisors Inc. Purchases Shares of 148,780 Amprius Technologies, Inc. $AMPX

Alps Advisors Inc. purchased a new stake in Amprius Technologies, Inc. (NYSE:AMPX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 148,780 shares of the company’s stock, valued at approximately $1,565,000. Alps Advisors Inc. owned 0.12% of Amprius Technologies as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Envestnet Asset Management Inc. acquired a new position in Amprius Technologies in the 3rd quarter valued at $232,000. Jones Financial Companies Lllp boosted its holdings in Amprius Technologies by 353.2% during the third quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock valued at $50,000 after acquiring an additional 3,532 shares during the period. Lisanti Capital Growth LLC acquired a new stake in shares of Amprius Technologies in the third quarter valued at about $2,795,000. Arizona State Retirement System bought a new position in shares of Amprius Technologies in the third quarter worth about $281,000. Finally, Foundations Investment Advisors LLC increased its stake in shares of Amprius Technologies by 31.1% in the third quarter. Foundations Investment Advisors LLC now owns 121,134 shares of the company’s stock worth $1,274,000 after purchasing an additional 28,718 shares during the period. 5.04% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 492,827 shares of Amprius Technologies stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $12.04, for a total transaction of $5,933,637.08. Following the completion of the transaction, the chief technology officer directly owned 748,696 shares of the company’s stock, valued at approximately $9,014,299.84. This trade represents a 39.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kang Sun sold 1,000,000 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $10.60, for a total transaction of $10,600,000.00. Following the completion of the sale, the chief executive officer owned 1,472,306 shares in the company, valued at $15,606,443.60. This represents a 40.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 3,399,331 shares of company stock valued at $37,048,615. 12.80% of the stock is currently owned by insiders.

Amprius Technologies Stock Performance

Shares of Amprius Technologies stock opened at $11.52 on Wednesday. The firm has a market cap of $1.50 billion, a P/E ratio of -44.31 and a beta of 2.99. The firm’s 50-day simple moving average is $10.50 and its 200-day simple moving average is $10.26. Amprius Technologies, Inc. has a twelve month low of $1.70 and a twelve month high of $16.03.

Analyst Ratings Changes

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

Amprius Technologies Profile

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.