Jane Street Group LLC Purchases Shares of 258,618 Amprius Technologies, Inc. (NYSE:AMPX)

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

Other institutional investors also recently modified their holdings of the company. Rhumbline Advisers boosted its stake in shares of Amprius Technologies by 49.4% in the fourth quarter. Rhumbline Advisers now owns 9,739 shares of the company's stock worth $27,000 after acquiring an additional 3,222 shares during the period. JPMorgan Chase & Co. raised 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 worth $30,000 after buying an additional 20,939 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in Amprius Technologies in the fourth quarter worth $30,000. O Dell Group LLC acquired a new position in shares of Amprius Technologies during the fourth quarter valued at about $35,000. Finally, HighTower Advisors LLC purchased a new position in Amprius Technologies in the 4th quarter worth $43,000. 5.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Oppenheimer lifted their target price on shares of Amprius Technologies from $14.00 to $15.00 and gave the company an "outperform" rating in a report on Friday, March 21st. 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 report on Friday, March 21st. Roth Mkm reaffirmed a "buy" rating and issued a $6.00 price target on shares of Amprius Technologies in a research note on Friday, March 21st. Finally, HC Wainwright reiterated a "buy" rating and issued a $10.00 target price on shares of Amprius Technologies in a report on Friday, March 21st. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $9.50.

Insider Transactions at Amprius Technologies

In related news, CTO Constantin Ionel Stefan sold 20,366 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $2.43, for a total value of $49,489.38. Following the completion of the sale, the chief technology officer now directly owns 866,134 shares of the company's stock, valued at approximately $2,104,705.62. This represents a 2.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kang Sun sold 69,786 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $2.43, for a total transaction of $169,579.98. Following the sale, the chief executive officer now owns 1,812,235 shares of the company's stock, valued at approximately $4,403,731.05. This represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 117,747 shares of company stock worth $286,125. 12.90% of the stock is currently owned by company insiders.

Amprius Technologies Stock Performance

NYSE AMPX traded down $0.02 during trading hours on Friday, reaching $2.82. The company's stock had a trading volume of 534,425 shares, compared to its average volume of 2,403,984. Amprius Technologies, Inc. has a fifty-two week low of $0.61 and a fifty-two week high of $4.21. The company's 50-day moving average is $2.52 and its two-hundred day moving average is $2.59. The stock has a market cap of $331.96 million, a PE ratio of -6.28 and a beta of 2.23.

Amprius Technologies (NYSE:AMPX - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. The firm had revenue of $11.28 million during the quarter, compared to analysts' expectations of $8.52 million. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. Equities analysts expect that Amprius Technologies, Inc. will post -0.45 earnings per share for the current fiscal 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.