SLT Holdings LLC Takes $386,000 Position in Amprius Technologies, Inc. $AMPX

SLT Holdings LLC acquired a new stake in shares of Amprius Technologies, Inc. (NYSE:AMPX) during the second quarter, according to its most recent filing with the SEC. The fund acquired 91,750 shares of the company’s stock, valued at approximately $386,000. SLT Holdings LLC owned 0.08% of Amprius Technologies as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Millennium Management LLC raised its stake in shares of Amprius Technologies by 94.5% during the 1st quarter. Millennium Management LLC now owns 1,396,013 shares of the company’s stock valued at $3,741,000 after purchasing an additional 678,442 shares during the period. Essex Investment Management Co. LLC bought a new stake in shares of Amprius Technologies during the 1st quarter valued at $2,508,000. Baird Financial Group Inc. bought a new stake in shares of Amprius Technologies during the 1st quarter valued at $1,341,000. Oppenheimer & Co. Inc. raised its stake in shares of Amprius Technologies by 319.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 491,378 shares of the company’s stock valued at $1,317,000 after purchasing an additional 374,228 shares during the period. Finally, Legato Capital Management LLC bought a new stake in shares of Amprius Technologies during the 1st quarter valued at $744,000. 5.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AMPX shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday. Roth Capital restated a “buy” rating and issued a $10.00 target price (up from $6.00) on shares of Amprius Technologies in a research note on Tuesday, August 5th. B. Riley upped their target price on Amprius Technologies from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. William Blair upgraded Amprius Technologies from a “market perform” rating to an “outperform” rating in a research note on Friday, July 18th. Finally, Cantor Fitzgerald upped their target price on Amprius Technologies from $10.00 to $12.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Amprius Technologies has an average rating of “Moderate Buy” and a consensus price target of $13.14.

Insider Transactions at Amprius Technologies

In other news, CEO Kang Sun sold 65,654 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $6.82, for a total value of $447,760.28. Following the completion of the transaction, the chief executive officer directly owned 1,472,306 shares in the company, valued at approximately $10,041,126.92. This represents a 4.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Constantin Ionel Stefan sold 19,159 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $6.82, for a total value of $130,664.38. Following the sale, the chief technology officer owned 846,975 shares of the company’s stock, valued at $5,776,369.50. This represents a 2.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 113,203 shares of company stock worth $772,044. 12.90% of the stock is currently owned by corporate insiders.

Amprius Technologies Trading Down 6.8%

AMPX opened at $11.94 on Friday. The stock has a 50-day moving average price of $9.07 and a 200-day moving average price of $5.62. Amprius Technologies, Inc. has a 12-month low of $1.16 and a 12-month high of $14.07. The stock has a market capitalization of $1.49 billion, a P/E ratio of -36.18 and a beta of 2.85.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. Amprius Technologies had a negative return on equity of 55.79% and a negative net margin of 84.77%.The firm had revenue of $15.07 million during the quarter, compared to analysts’ expectations of $12.38 million. On average, equities research analysts predict that Amprius Technologies, Inc. will post -0.45 EPS for the current 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.