AXQ Capital LP Buys Shares of 15,655 Amprius Technologies, Inc. (NYSE:AMPX)

AXQ Capital LP purchased a new position in Amprius Technologies, Inc. (NYSE:AMPX) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 15,655 shares of the company’s stock, valued at approximately $44,000.

Other hedge funds have also bought and sold shares of the company. Rhumbline Advisers lifted its position in shares of Amprius Technologies by 49.4% during the 4th quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock valued at $27,000 after acquiring an additional 3,222 shares during the period. JPMorgan Chase & Co. increased its stake in Amprius Technologies by 343.1% in the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock valued at $30,000 after purchasing an additional 20,939 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of Amprius Technologies during the fourth quarter valued at about $30,000. B. Riley Wealth Advisors Inc. boosted its position in shares of Amprius Technologies by 29.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock worth $31,000 after purchasing an additional 6,700 shares in the last quarter. Finally, O Dell Group LLC acquired a new stake in shares of Amprius Technologies in the 4th quarter valued at about $35,000. Institutional investors own 5.04% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Sandra Wallach sold 18,142 shares of Amprius Technologies stock in a transaction on Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $56,784.46. Following the sale, the chief financial officer now directly owns 678,000 shares in the company, valued at approximately $2,122,140. This trade represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Kang Sun sold 34,353 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $107,524.89. Following the completion of the transaction, the chief executive officer now directly owns 1,282,621 shares in the company, valued at approximately $4,014,603.73. This represents a 2.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,088 shares of company stock valued at $235,025 in the last 90 days. 12.80% of the stock is currently owned by corporate insiders.

Amprius Technologies Trading Up 5.9 %

Shares of NYSE:AMPX opened at $3.30 on Tuesday. Amprius Technologies, Inc. has a 1-year low of $0.61 and a 1-year high of $4.21. The stock has a market cap of $348.74 million, a PE ratio of -7.32 and a beta of 2.56. The stock’s fifty day simple moving average is $2.91 and its two-hundred day simple moving average is $2.15.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings results on Thursday, March 20th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. The company had revenue of $10.63 million for the quarter, compared to analyst estimates of $7.12 million. On average, sell-side analysts forecast that Amprius Technologies, Inc. will post -0.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on AMPX shares. Cantor Fitzgerald started coverage on Amprius Technologies in a report on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 price target on the stock. HC Wainwright reiterated a “buy” rating and issued a $10.00 target price on shares of Amprius Technologies in a report on Friday. B. Riley boosted their price target on shares of Amprius Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Friday. Roth Mkm reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Amprius Technologies in a research note on Friday. Finally, Northland Securities lifted their price objective on shares of Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $9.43.

Amprius Technologies 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.