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

Blackstone Inc. acquired a new position in Amprius Technologies, Inc. (NYSE:AMPX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 257,923 shares of the company's stock, valued at approximately $722,000. Blackstone Inc. owned about 0.24% of Amprius Technologies at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Rhumbline Advisers grew its position in Amprius Technologies by 49.4% during the fourth quarter. Rhumbline Advisers now owns 9,739 shares of the company's stock valued at $27,000 after buying an additional 3,222 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in shares of Amprius Technologies in the 4th quarter worth approximately $28,000. JPMorgan Chase & Co. lifted its stake in Amprius Technologies by 343.1% in the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company's stock valued at $30,000 after purchasing an additional 20,939 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in Amprius Technologies during the fourth quarter valued at $30,000. Finally, B. Riley Wealth Advisors Inc. increased its position in 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 buying an additional 6,700 shares during the last quarter. Institutional investors own 5.04% of the company's stock.

Amprius Technologies Price Performance

NYSE AMPX traded down $0.01 during trading on Friday, reaching $2.48. The company's stock had a trading volume of 4,188,869 shares, compared to its average volume of 2,300,979. Amprius Technologies, Inc. has a one year low of $0.61 and a one year high of $4.21. The stock has a market capitalization of $292.46 million, a PE ratio of -5.51 and a beta of 2.23. The firm has a fifty day moving average of $2.37 and a 200 day moving average of $2.47.

Amprius Technologies (NYSE:AMPX - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.08) EPS for the quarter, topping analysts' consensus estimates of ($0.09) 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 $11.28 million for the quarter, compared to analysts' expectations of $8.52 million. Research analysts expect that Amprius Technologies, Inc. will post -0.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 9,066 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $28,376.58. Following the transaction, the chief technology officer now owns 421,489 shares of the company's stock, valued at approximately $1,319,260.57. This represents a 2.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sandra Wallach sold 18,142 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $56,784.46. Following the completion of the transaction, the chief financial officer now directly owns 678,000 shares in the company, valued at approximately $2,122,140. The trade was a 2.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,088 shares of company stock worth $235,025 over the last three months. Company insiders own 12.90% of the company's stock.

Analyst Upgrades and Downgrades

AMPX has been the subject of several research reports. Roth Mkm reiterated a "buy" rating and set a $6.00 price target on shares of Amprius Technologies in a research note on Friday, March 21st. Oppenheimer lifted their target price 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. Cantor Fitzgerald initiated coverage on shares of Amprius Technologies in a research note on Tuesday, January 21st. They set an "overweight" rating and a $10.00 price target on the stock. HC Wainwright reiterated a "buy" rating and issued a $10.00 price objective on shares of Amprius Technologies in a research note on Friday, March 21st. Finally, B. Riley raised their price target on Amprius Technologies from $5.00 to $6.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $9.50.

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.