Jane Street Group LLC Buys New Shares in Amprius Technologies, Inc. (NYSE:AMPX)

Jane Street Group LLC purchased a new position in shares of Amprius Technologies, Inc. (NYSE:AMPX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 258,618 shares of the company's stock, valued at approximately $724,000. Jane Street Group LLC owned 0.24% of Amprius Technologies at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AMPX. Invesco Ltd. lifted its holdings in Amprius Technologies by 56.5% in the 4th quarter. Invesco Ltd. now owns 2,484,662 shares of the company's stock worth $6,957,000 after buying an additional 897,222 shares in the last quarter. Board of Trustees of The Leland Stanford Junior University acquired a new position in Amprius Technologies in the 4th quarter worth $4,081,000. Renaissance Technologies LLC lifted its holdings in Amprius Technologies by 5,740.5% in the 4th quarter. Renaissance Technologies LLC now owns 765,100 shares of the company's stock worth $2,142,000 after buying an additional 752,000 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Amprius Technologies by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 580,819 shares of the company's stock worth $1,626,000 after buying an additional 32,681 shares in the last quarter. Finally, XTX Topco Ltd raised its stake in shares of Amprius Technologies by 486.4% in the 4th quarter. XTX Topco Ltd now owns 280,094 shares of the company's stock valued at $784,000 after purchasing an additional 232,332 shares in the last quarter. 5.04% of the stock is owned by hedge funds and other institutional investors.

Amprius Technologies Trading Up 5.7%

AMPX traded up $0.16 on Wednesday, hitting $2.97. 5,323,275 shares of the company's stock were exchanged, compared to its average volume of 2,393,149. Amprius Technologies, Inc. has a twelve month low of $0.61 and a twelve month high of $4.21. The firm has a market cap of $350.24 million, a PE ratio of -6.60 and a beta of 2.23. The stock has a fifty day moving average of $2.53 and a two-hundred day moving average of $2.58.

Amprius Technologies (NYSE:AMPX - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate 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 firm had revenue of $11.28 million during the quarter, compared to analysts' expectations of $8.52 million. On average, analysts predict that Amprius Technologies, Inc. will post -0.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AMPX shares. HC Wainwright restated a "buy" rating and issued a $10.00 target price on shares of Amprius Technologies in a research note on Friday, March 21st. Roth Mkm restated a "buy" rating and issued a $6.00 target price on shares of Amprius Technologies in a research note on Friday, March 21st. Oppenheimer increased their price objective 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, B. Riley increased their price objective on shares of Amprius Technologies from $5.00 to $6.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Six equities research analysts have rated the stock with a buy rating and one has issued 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.

Insiders Place Their Bets

In other Amprius Technologies news, CFO Sandra Wallach sold 27,595 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $2.43, for a total value of $67,055.85. Following the completion of the transaction, the chief financial officer now owns 1,033,665 shares in the company, valued at approximately $2,511,805.95. This represents a 2.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kang Sun sold 69,786 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $2.43, for a total transaction of $169,579.98. Following the completion of the transaction, the chief executive officer now owns 1,812,235 shares of the company's stock, valued at $4,403,731.05. This trade represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 117,747 shares of company stock worth $286,125. Insiders own 12.90% of the company's stock.

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.