SLT Holdings LLC Buys New Holdings in Amprius Technologies, Inc. $AMPX

SLT Holdings LLC bought a new stake in shares of Amprius Technologies, Inc. (NYSE:AMPX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 91,750 shares of the company’s stock, valued at approximately $386,000.

Several other institutional investors and hedge funds have also bought and sold shares of AMPX. Essex Investment Management Co. LLC purchased a new stake in Amprius Technologies in the 1st quarter worth approximately $2,508,000. Millennium Management LLC lifted its holdings in Amprius Technologies by 94.5% in the 1st quarter. Millennium Management LLC now owns 1,396,013 shares of the company’s stock worth $3,741,000 after buying an additional 678,442 shares during the period. Baird Financial Group Inc. purchased a new stake in Amprius Technologies in the 1st quarter worth approximately $1,341,000. Oppenheimer & Co. Inc. lifted its holdings in Amprius Technologies by 319.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 491,378 shares of the company’s stock worth $1,317,000 after buying an additional 374,228 shares during the period. Finally, Legato Capital Management LLC purchased a new stake in Amprius Technologies in the 1st quarter worth approximately $744,000. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Amprius Technologies Stock Down 6.8%

AMPX stock opened at $11.94 on Friday. Amprius Technologies, Inc. has a twelve month low of $1.16 and a twelve month high of $14.07. The firm has a market cap of $1.49 billion, a PE ratio of -36.18 and a beta of 2.85. The business has a 50 day moving average of $9.07 and a 200 day moving average of $5.62.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.05) earnings per share for the quarter, beating 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 company had revenue of $15.07 million during the quarter, compared to analyst estimates of $12.38 million. On average, research analysts expect that Amprius Technologies, Inc. will post -0.45 earnings per share for the current fiscal year.

Insider Activity at Amprius Technologies

In related news, CEO Kang Sun sold 65,654 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $6.82, for a total transaction of $447,760.28. Following the completion of the transaction, the chief executive officer owned 1,472,306 shares of the company’s stock, valued at $10,041,126.92. This trade represents a 4.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sandra Wallach sold 28,390 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $6.82, for a total value of $193,619.80. Following the transaction, the chief financial officer directly owned 1,005,275 shares of the company’s stock, valued at approximately $6,855,975.50. This trade represents a 2.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 113,203 shares of company stock valued at $772,044 in the last 90 days. Corporate insiders own 12.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on AMPX. HC Wainwright reiterated a “buy” rating and issued a $18.00 price objective (up previously from $10.00) on shares of Amprius Technologies in a report on Friday, August 8th. William Blair upgraded Amprius Technologies from a “market perform” rating to an “outperform” rating in a report on Friday, July 18th. B. Riley increased their price objective on Amprius Technologies from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a research report on Wednesday. Finally, Cantor Fitzgerald increased their target price on Amprius Technologies from $10.00 to $12.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Amprius Technologies has a consensus rating of “Moderate Buy” and an average price target of $13.14.

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.