Robertson Stephens Wealth Management LLC Invests $131,000 in Amprius Technologies, Inc. $AMPX

Robertson Stephens Wealth Management LLC bought a new position in shares of Amprius Technologies, Inc. (NYSE:AMPX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 31,094 shares of the company’s stock, valued at approximately $131,000.

Several other hedge funds have also made changes to their positions in AMPX. Bank of America Corp DE boosted its stake in shares of Amprius Technologies by 31.1% during the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after buying an additional 3,055 shares during the period. Rhumbline Advisers boosted its stake in shares of Amprius Technologies by 61.1% during the first quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock worth $42,000 after buying an additional 5,951 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Amprius Technologies during the first quarter worth about $298,000. Kingswood Wealth Advisors LLC boosted its stake in shares of Amprius Technologies by 459.2% during the first quarter. Kingswood Wealth Advisors LLC now owns 59,019 shares of the company’s stock worth $154,000 after buying an additional 48,465 shares during the period. Finally, Cornerstone Partners Capital Management LLC acquired a new stake in shares of Amprius Technologies during the first quarter worth about $41,000. Institutional investors and hedge funds own 5.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. HC Wainwright restated a “buy” rating and issued a $18.00 price objective (up previously from $10.00) on shares of Amprius Technologies in a research report on Friday, August 8th. Roth Capital restated a “buy” rating and issued a $10.00 price objective (up previously from $6.00) on shares of Amprius Technologies in a research report on Tuesday, August 5th. B. Riley lifted their price target on shares of Amprius Technologies from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Friday, August 8th. William Blair upgraded shares of Amprius Technologies from a “market perform” rating to an “outperform” rating in a research report on Friday, July 18th. Finally, Northland Securities set a $20.00 price target on shares of Amprius Technologies in a research report on Tuesday, October 7th. Eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Amprius Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $13.14.

Amprius Technologies Price Performance

Shares of AMPX opened at $11.94 on Monday. The firm has a 50 day simple moving average of $9.07 and a 200-day simple moving average of $5.66. Amprius Technologies, Inc. has a 1-year low of $1.16 and a 1-year high of $14.07. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of -36.18 and a beta of 2.85.

Amprius Technologies (NYSE:AMPX) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.05) earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $12.38 million. On average, equities analysts expect that Amprius Technologies, Inc. will post -0.45 earnings per share for the current fiscal year.

Insider Transactions at Amprius Technologies

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 19,159 shares of Amprius Technologies stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $6.82, for a total value of $130,664.38. Following the completion of the sale, the chief technology officer directly owned 846,975 shares of the company’s stock, valued at approximately $5,776,369.50. The trade was a 2.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sandra Wallach sold 28,390 shares of Amprius Technologies stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $6.82, for a total transaction of $193,619.80. Following the completion of the sale, the chief financial officer directly owned 1,005,275 shares of the company’s stock, valued at $6,855,975.50. The trade was a 2.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 113,203 shares of company stock valued at $772,044 in the last ninety days. Corporate insiders own 12.80% of the company’s stock.

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.