46,058 Shares in Amprius Technologies, Inc. (NYSE:AMPX) Bought by Hamilton Lane Advisors LLC

Hamilton Lane Advisors LLC bought a new position in shares of Amprius Technologies, Inc. (NYSE:AMPX) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 46,058 shares of the company’s stock, valued at approximately $129,000. Amprius Technologies accounts for about 0.1% of Hamilton Lane Advisors LLC’s investment portfolio, making the stock its 17th largest holding.

Several other hedge funds have also modified their holdings of the stock. B. Riley Wealth Advisors Inc. raised 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 worth $31,000 after buying an additional 6,700 shares during the period. State Street Corp lifted its position in shares of Amprius Technologies by 4.7% in the 3rd quarter. State Street Corp now owns 286,390 shares of the company’s stock valued at $318,000 after acquiring an additional 12,900 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Amprius Technologies by 343.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock worth $30,000 after purchasing an additional 20,939 shares during the period. XTX Topco Ltd purchased a new position in Amprius Technologies during the 2nd quarter worth approximately $72,000. Finally, AQR Capital Management LLC acquired a new stake in Amprius Technologies during the 2nd quarter valued at $99,000. 5.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on AMPX shares. Northland Capmk upgraded shares of Amprius Technologies to a “strong-buy” rating in a report on Wednesday, October 2nd. Northland Securities lifted their target price on shares of Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Finally, HC Wainwright restated a “buy” rating and set a $10.00 price target on shares of Amprius Technologies in a report on Monday, November 11th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $9.17.

Amprius Technologies Stock Performance

NYSE:AMPX opened at $3.31 on Thursday. The company has a market capitalization of $350.33 million, a P/E ratio of -7.36 and a beta of 2.42. The stock’s 50 day moving average price is $2.28 and its 200 day moving average price is $1.56. Amprius Technologies, Inc. has a 52 week low of $0.61 and a 52 week high of $5.26.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings results 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 company had revenue of $7.86 million for the quarter, compared to analyst estimates of $7.70 million. During the same quarter in the prior year, the business posted ($0.10) EPS. As a group, sell-side analysts forecast that Amprius Technologies, Inc. will post -0.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jonathan Bornstein sold 18,170 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $1.96, for a total transaction of $35,613.20. Following the completion of the sale, the insider now owns 454,131 shares in the company, valued at approximately $890,096.76. This represents a 3.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sandra Wallach sold 17,158 shares of the 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 transaction, the chief financial officer now directly owns 696,142 shares in the company, valued at approximately $1,364,438.32. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,903 shares of company stock valued at $86,050 over the last three months. 12.80% of the stock is currently owned by 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.