AQR Capital Management LLC Takes Position in Amprius Technologies, Inc. (NYSE:AMPX)

AQR Capital Management LLC purchased a new stake in shares of Amprius Technologies, Inc. (NYSE:AMPX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 78,314 shares of the company’s stock, valued at approximately $99,000. AQR Capital Management LLC owned about 0.07% of Amprius Technologies at the end of the most recent quarter.

Separately, B. Riley Wealth Advisors Inc. boosted its position in shares of Amprius Technologies by 29.3% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 15,775 shares of the company’s stock valued at $83,000 after acquiring an additional 3,575 shares during the last quarter. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Amprius Technologies Price Performance

Shares of NYSE:AMPX opened at $1.40 on Friday. The firm’s 50-day moving average is $1.05 and its two-hundred day moving average is $1.34. Amprius Technologies, Inc. has a 1 year low of $0.61 and a 1 year high of $6.02. The firm has a market capitalization of $151.15 million, a PE ratio of -3.26 and a beta of 2.71.

Amprius Technologies (NYSE:AMPX) last released its earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). Amprius Technologies had a negative return on equity of 64.85% and a negative net margin of 327.05%. The firm had revenue of $3.35 million for the quarter, compared to analysts’ expectations of $2.45 million. During the same quarter in the previous year, the company posted ($0.11) earnings per share. Analysts expect that Amprius Technologies, Inc. will post -0.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AMPX shares. B. Riley raised shares of Amprius Technologies to a “strong-buy” rating in a research report on Tuesday, June 25th. HC Wainwright reaffirmed a “buy” rating and issued a $10.00 target price on shares of Amprius Technologies in a research report on Monday, August 12th. Northland Securities decreased their target price on shares of Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. Oppenheimer decreased their target price on shares of Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Finally, Northland Capmk raised shares of Amprius Technologies to a “strong-buy” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $8.17.

Insider Buying and Selling

In related news, Director Justin E. Mirro sold 250,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $0.81, for a total transaction of $202,500.00. Following the sale, the director now directly owns 1,195,000 shares in the company, valued at approximately $967,950. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amprius Technologies news, Director Justin E. Mirro sold 250,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $0.81, for a total value of $202,500.00. Following the transaction, the director now directly owns 1,195,000 shares in the company, valued at $967,950. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Justin E. Mirro sold 135,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $1.00, for a total transaction of $135,000.00. Following the completion of the transaction, the director now owns 1,510,000 shares in the company, valued at $1,510,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 469,683 shares of company stock worth $425,318. Company insiders own 12.80% of the company’s stock.

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.