Oppenheimer & Co. Inc. Increases Stock Holdings in Amprius Technologies, Inc. (NYSE:AMPX)

Oppenheimer & Co. Inc. lifted its position in Amprius Technologies, Inc. (NYSE:AMPX - Free Report) by 319.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 491,378 shares of the company's stock after buying an additional 374,228 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.42% of Amprius Technologies worth $1,317,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. raised its stake in Amprius Technologies by 56.5% in the fourth quarter. Invesco Ltd. now owns 2,484,662 shares of the company's stock valued at $6,957,000 after buying an additional 897,222 shares during the period. Board of Trustees of The Leland Stanford Junior University bought a new position in shares of Amprius Technologies during the 4th quarter worth approximately $4,081,000. Renaissance Technologies LLC increased its holdings in shares of Amprius Technologies by 5,740.5% during the 4th quarter. Renaissance Technologies LLC now owns 765,100 shares of the company's stock worth $2,142,000 after acquiring an additional 752,000 shares during the last quarter. Millennium Management LLC bought a new stake in Amprius Technologies in the 4th quarter valued at $2,009,000. Finally, Geode Capital Management LLC raised its stake in Amprius Technologies by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 580,819 shares of the company's stock valued at $1,626,000 after acquiring an additional 32,681 shares during the period. 5.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on AMPX. Oppenheimer upped their target price on Amprius Technologies from $14.00 to $15.00 and gave the company an "outperform" rating in a research report on Friday, March 21st. Roth Mkm restated a "buy" rating and set a $6.00 price objective on shares of Amprius Technologies in a research report on Friday, March 21st. B. Riley increased their price objective on shares of Amprius Technologies from $5.00 to $6.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Finally, HC Wainwright reissued a "buy" rating and set a $10.00 price target on shares of Amprius Technologies in a research note 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $9.50.

Amprius Technologies Price Performance

Shares of NYSE:AMPX traded up $0.17 during trading on Monday, hitting $4.24. 4,340,811 shares of the company were exchanged, compared to its average volume of 2,777,116. Amprius Technologies, Inc. has a 52-week low of $0.61 and a 52-week high of $4.36. The stock has a 50 day moving average of $2.91 and a 200 day moving average of $2.79. The company has a market cap of $500.02 million, a PE ratio of -10.34 and a beta of 2.37.

Amprius Technologies (NYSE:AMPX - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01. Amprius Technologies had a negative net margin of 133.34% and a negative return on equity of 67.67%. The business had revenue of $11.28 million during the quarter, compared to analyst estimates of $8.52 million. Sell-side analysts forecast that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal year.

Insider Buying and Selling at Amprius Technologies

In other news, CTO Constantin Ionel Stefan sold 20,366 shares of the stock in a transaction that occurred on 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 transaction, the chief technology officer owned 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 the SEC website. Also, CFO Sandra Wallach sold 27,595 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $2.43, for a total value of $67,055.85. Following the completion of the sale, the chief financial officer directly owned 1,033,665 shares in the company, valued at approximately $2,511,805.95. This represents a 2.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 117,747 shares of company stock valued at $286,125 in the last 90 days. 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.