Amprius Technologies, Inc. (NYSE:AMPX) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Amprius Technologies, Inc. (NYSE:AMPX) by 124.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 274,047 shares of the company’s stock after acquiring an additional 152,102 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.25% of Amprius Technologies worth $304,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. lifted its holdings in Amprius Technologies by 84.4% in the second quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock worth $29,000 after purchasing an additional 10,300 shares during the period. XTX Topco Ltd acquired a new position in Amprius Technologies during the 2nd quarter valued at about $72,000. Finally, AQR Capital Management LLC bought a new stake in shares of Amprius Technologies during the 2nd quarter worth about $99,000. Institutional investors own 5.04% of the company’s stock.

Insiders Place Their Bets

In other Amprius Technologies news, 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 directly owns 454,131 shares in the company, valued at approximately $890,096.76. The trade was a 3.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sandra Wallach sold 17,158 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total transaction of $33,629.68. Following the sale, the chief financial officer now directly owns 696,142 shares in the company, valued at approximately $1,364,438.32. This trade represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,903 shares of company stock worth $86,050. Company insiders own 12.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMPX. Northland Capmk upgraded shares of Amprius Technologies to a “strong-buy” rating in a report on Wednesday, October 2nd. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price target on shares of Amprius Technologies in a research note on Monday, November 11th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $8.17.

Amprius Technologies Stock Performance

Shares of NYSE:AMPX opened at $1.70 on Friday. The stock has a market capitalization of $179.93 million, a price-to-earnings ratio of -3.78 and a beta of 2.92. Amprius Technologies, Inc. has a 1-year low of $0.61 and a 1-year high of $6.02. The company has a 50 day moving average price of $1.77 and a 200 day moving average price of $1.36.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. The company had revenue of $7.86 million during the quarter, compared to the consensus estimate of $7.70 million. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. During the same quarter in the prior year, the firm earned ($0.10) EPS. On average, sell-side analysts expect that Amprius Technologies, Inc. will post -0.44 EPS for the current fiscal year.

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.