257,923 Shares in Amprius Technologies, Inc. (NYSE:AMPX) Bought by Blackstone Inc.

Blackstone Inc. purchased a new stake in shares of Amprius Technologies, Inc. (NYSE:AMPX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 257,923 shares of the company's stock, valued at approximately $722,000. Blackstone Inc. owned 0.24% of Amprius Technologies at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in Amprius Technologies by 50.9% in the 3rd quarter. Geode Capital Management LLC now owns 548,138 shares of the company's stock valued at $608,000 after buying an additional 184,863 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of Amprius Technologies by 29.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company's stock worth $31,000 after acquiring an additional 6,700 shares during the last quarter. JPMorgan Chase & Co. increased its position in Amprius Technologies by 343.1% during the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company's stock worth $30,000 after acquiring an additional 20,939 shares during the period. Hamilton Lane Advisors LLC acquired a new position in Amprius Technologies during the 4th quarter valued at $129,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in Amprius Technologies in the 4th quarter valued at $30,000. 5.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMPX. B. Riley upped their price objective on shares of Amprius Technologies from $5.00 to $6.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Cantor Fitzgerald assumed 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. Northland Securities boosted their price objective on Amprius Technologies from $4.00 to $10.00 and gave the company an "outperform" rating in a research report on Friday, January 10th. Oppenheimer lifted their price target on shares of Amprius Technologies from $14.00 to $15.00 and gave the stock an "outperform" rating in a research note on Friday, March 21st. Finally, Roth Mkm restated a "buy" rating and issued a $6.00 price objective on shares of Amprius Technologies in a research note on Friday, March 21st. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amprius Technologies currently has an average rating of "Buy" and an average target price of $9.43.

Amprius Technologies Stock Performance

Shares of NYSE:AMPX opened at $2.28 on Tuesday. The company has a market capitalization of $268.28 million, a PE ratio of -5.06 and a beta of 2.23. The company's fifty day moving average is $2.37 and its 200-day moving average is $2.46. Amprius Technologies, Inc. has a 52 week low of $0.61 and a 52 week high of $4.21.

Amprius Technologies (NYSE:AMPX - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.01. The firm had revenue of $10.63 million for the quarter, compared to analysts' expectations of $7.12 million. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. On average, analysts forecast that Amprius Technologies, Inc. will post -0.45 EPS for the current year.

Insider Buying and Selling

In other news, CTO Constantin Ionel Stefan sold 9,066 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $28,376.58. Following the transaction, the chief technology officer now directly owns 421,489 shares in the company, valued at approximately $1,319,260.57. This represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sandra Wallach sold 18,142 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $56,784.46. Following the completion of the sale, the chief financial officer now directly owns 678,000 shares of the company's stock, valued at approximately $2,122,140. This represents a 2.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,088 shares of company stock worth $235,025 in the last three months. Insiders own 12.80% of the company's stock.

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.

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