AmpliTech Group (NASDAQ:AMPG) CFO Louisa Sanfratello Sells 50,000 Shares

AmpliTech Group, Inc. (NASDAQ:AMPG) CFO Louisa Sanfratello sold 50,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $4.80, for a total value of $240,000.00. Following the sale, the chief financial officer directly owned 60,000 shares of the company’s stock, valued at approximately $288,000. This trade represents a 45.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

AmpliTech Group Trading Down 6.6%

AMPG stock opened at $4.42 on Friday. The stock has a 50-day moving average price of $2.66 and a two-hundred day moving average price of $2.93. AmpliTech Group, Inc. has a 12-month low of $1.64 and a 12-month high of $5.65. The company has a market cap of $112.00 million, a PE ratio of -14.26 and a beta of -0.57.

AmpliTech Group (NASDAQ:AMPG) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). AmpliTech Group had a negative net margin of 24.82% and a negative return on equity of 17.50%. The firm had revenue of $5.35 million for the quarter, compared to analysts’ expectations of $5.00 million.

Institutional Investors Weigh In On AmpliTech Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC purchased a new stake in shares of AmpliTech Group in the third quarter worth about $57,000. Bryn Mawr Trust Advisors LLC boosted its position in shares of AmpliTech Group by 37.1% in the third quarter. Bryn Mawr Trust Advisors LLC now owns 14,775 shares of the company’s stock worth $57,000 after buying an additional 4,000 shares during the period. Millennium Management LLC purchased a new stake in shares of AmpliTech Group in the third quarter worth about $73,000. Engineers Gate Manager LP acquired a new position in shares of AmpliTech Group in the fourth quarter worth about $62,000. Finally, Legato Capital Management LLC lifted its stake in shares of AmpliTech Group by 26.8% in the fourth quarter. Legato Capital Management LLC now owns 20,675 shares of the company’s stock worth $62,000 after acquiring an additional 4,376 shares in the last quarter. Hedge funds and other institutional investors own 10.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AMPG shares. Wall Street Zen downgraded AmpliTech Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Maxim Group decreased their target price on AmpliTech Group from $9.00 to $7.00 and set a “buy” rating for the company in a research report on Monday, March 30th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AmpliTech Group in a research report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.00.

AmpliTech Group Company Profile

AmpliTech Group, Inc is a design, development and manufacturing company specializing in high-performance RF and microwave components and subsystems. Headquartered in Lancaster, Pennsylvania, the company focuses on delivering ruggedized solutions for demanding applications in defense, aerospace, satellite communications and industrial test and measurement. AmpliTech’s products are engineered to meet stringent military and commercial standards, making them well-suited for mission-critical environments.

The company’s product portfolio includes high-power amplifiers, low-noise amplifiers, filters, frequency converters and integrated assemblies.