JPMorgan Chase & Co. Grows Position in Amprius Technologies, Inc. (NYSE:AMPX)

JPMorgan Chase & Co. increased its holdings in Amprius Technologies, Inc. (NYSE:AMPX) by 343.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,041 shares of the company’s stock after buying an additional 20,939 shares during the period. JPMorgan Chase & Co.’s holdings in Amprius Technologies were worth $30,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. B. Riley Wealth Advisors Inc. grew its holdings in Amprius Technologies by 29.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock valued at $31,000 after buying an additional 6,700 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Amprius Technologies by 50.9% during the third quarter. Geode Capital Management LLC now owns 548,138 shares of the company’s stock worth $608,000 after purchasing an additional 184,863 shares in the last quarter. State Street Corp lifted its position in 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 purchasing an additional 12,900 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Amprius Technologies by 124.7% during the 3rd 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 in the last quarter. Finally, AQR Capital Management LLC bought a new position in Amprius Technologies in the second quarter valued at $99,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

Amprius Technologies Trading Down 0.2 %

Shares of AMPX opened at $3.20 on Wednesday. Amprius Technologies, Inc. has a 1-year low of $0.61 and a 1-year high of $4.70. The firm has a market capitalization of $338.16 million, a price-to-earnings ratio of -7.10 and a beta of 2.45. The firm’s 50-day moving average price is $2.66 and its 200-day moving average price is $1.75.

Amprius Technologies (NYSE:AMPX) last announced its earnings results on Thursday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.01. The firm had revenue of $7.86 million during the quarter, compared to analyst estimates 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 company earned ($0.10) EPS. On average, research analysts forecast that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal year.

Analyst Ratings Changes

AMPX has been the topic of a number of research reports. Northland Securities raised their price objective on Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, January 10th. HC Wainwright reissued a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a research note on Monday, November 11th. Finally, Cantor Fitzgerald initiated coverage on Amprius Technologies in a research report on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 price objective for the company. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amprius Technologies presently has an average rating of “Buy” and an average price target of $9.29.

Insider Transactions at Amprius Technologies

In other Amprius Technologies news, CFO Sandra Wallach sold 17,158 shares of Amprius Technologies stock in a transaction on Thursday, November 21st. The stock was 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 owns 696,142 shares of the company’s stock, valued at approximately $1,364,438.32. This trade represents a 2.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathan Bornstein sold 18,170 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,903 shares of company stock valued at $86,050 in the last three months. 12.80% of the stock is currently owned by company insiders.

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.