Geode Capital Management LLC Buys 184,863 Shares of Amprius Technologies, Inc. (NYSE:AMPX)

Geode Capital Management LLC grew its stake in shares of Amprius Technologies, Inc. (NYSE:AMPX) by 50.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 548,138 shares of the company’s stock after buying an additional 184,863 shares during the quarter. Geode Capital Management LLC owned 0.49% of Amprius Technologies worth $608,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp grew its stake in shares of Amprius Technologies by 4.7% during the third quarter. State Street Corp now owns 286,390 shares of the company’s stock valued at $318,000 after buying an additional 12,900 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Amprius Technologies by 124.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock valued at $304,000 after buying an additional 152,102 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of Amprius Technologies during the second quarter valued at about $99,000. XTX Topco Ltd bought a new position in shares of Amprius Technologies during the second quarter valued at about $72,000. Finally, B. Riley Wealth Advisors Inc. grew its stake in shares of Amprius Technologies by 84.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock valued at $29,000 after buying an additional 10,300 shares during the last quarter. 5.04% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Amprius Technologies news, CFO Sandra Wallach sold 17,158 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.96, for a total value of $33,629.68. Following the completion of the sale, the chief financial officer now directly owns 696,142 shares in the company, valued at $1,364,438.32. This trade represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jonathan Bornstein sold 18,170 shares of Amprius Technologies stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total transaction of $35,613.20. Following the transaction, the insider now owns 454,131 shares of the company’s stock, valued at $890,096.76. The trade was a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,903 shares of company stock worth $86,050 over the last three months. Company insiders own 12.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AMPX has been the subject of a number of analyst reports. Northland Capmk upgraded shares of Amprius Technologies to a “strong-buy” rating in a report on Wednesday, October 2nd. Northland Securities increased their target price on shares of Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday. Finally, HC Wainwright reiterated a “buy” rating and set a $10.00 target price on shares of Amprius Technologies in a report on Monday, November 11th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $9.17.

Amprius Technologies Price Performance

Shares of AMPX opened at $3.58 on Friday. Amprius Technologies, Inc. has a one year low of $0.61 and a one year high of $5.26. The company has a 50-day simple moving average of $2.20 and a two-hundred day simple moving average of $1.52. The firm has a market capitalization of $378.90 million, a PE ratio of -7.96 and a beta of 2.42.

Amprius Technologies (NYSE:AMPX) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate 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 business had revenue of $7.86 million during the quarter, compared to analyst estimates of $7.70 million. During the same period last year, the business posted ($0.10) earnings per share. Analysts expect that Amprius Technologies, Inc. will post -0.44 EPS for the current fiscal year.

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.