Apis Capital Advisors LLC Acquires New Holdings in Amprius Technologies, Inc. $AMPX

Key Points

• Apis Capital Advisors LLC acquired 166,000 shares of Amprius Technologies, valued at approximately $445,000, representing about 0.14% ownership by the end of the first quarter.
• Amprius Technologies reported earnings of ($0.05) per share for the last quarter, exceeding expectations and generating revenue of $15.07 million.
• Analysts maintain a positive outlook on Amprius Technologies, with several upgrading their ratings and target prices, indicating strong market interest.

Apis Capital Advisors LLC acquired a new stake in Amprius Technologies, Inc. (NYSE:AMPX - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 166,000 shares of the company's stock, valued at approximately $445,000. Apis Capital Advisors LLC owned approximately 0.14% of Amprius Technologies at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AMPX. Oppenheimer & Co. Inc. lifted its position in shares of Amprius Technologies by 319.4% during the first quarter. Oppenheimer & Co. Inc. now owns 491,378 shares of the company's stock valued at $1,317,000 after purchasing an additional 374,228 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Amprius Technologies during the fourth quarter valued at about $724,000. Two Sigma Advisers LP bought a new position in shares of Amprius Technologies during the fourth quarter valued at about $128,000. Essex Investment Management Co. LLC bought a new position in shares of Amprius Technologies during the first quarter valued at about $2,508,000. Finally, Millennium Management LLC bought a new position in shares of Amprius Technologies during the fourth quarter valued at about $2,009,000. 5.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AMPX has been the topic of a number of recent analyst reports. HC Wainwright reissued a "buy" rating and set a $18.00 price target (up from $10.00) on shares of Amprius Technologies in a research report on Friday, August 8th. Roth Capital reissued a "buy" rating and set a $10.00 price target (up from $6.00) on shares of Amprius Technologies in a research report on Tuesday, August 5th. William Blair raised shares of Amprius Technologies from a "market perform" rating to an "outperform" rating in a research report on Friday, July 18th. B. Riley lifted their price objective on shares of Amprius Technologies from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Cantor Fitzgerald lifted their price objective on shares of Amprius Technologies from $10.00 to $12.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $11.71.

Insider Activity at Amprius Technologies

In related news, CTO Constantin Ionel Stefan sold 19,159 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $6.82, for a total transaction of $130,664.38. Following the completion of the transaction, the chief technology officer owned 846,975 shares of the company's stock, valued at approximately $5,776,369.50. The trade was a 2.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kang Sun sold 65,654 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $6.82, for a total transaction of $447,760.28. Following the transaction, the chief executive officer directly owned 1,472,306 shares of the company's stock, valued at approximately $10,041,126.92. This represents a 4.27% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 113,203 shares of company stock valued at $772,044. Corporate insiders own 12.80% of the company's stock.

Amprius Technologies Price Performance

Shares of AMPX traded down $0.23 during trading hours on Wednesday, hitting $7.10. The company's stock had a trading volume of 3,837,241 shares, compared to its average volume of 5,122,405. The company has a market cap of $887.44 million, a price-to-earnings ratio of -21.50 and a beta of 2.72. The business has a 50 day simple moving average of $6.84 and a two-hundred day simple moving average of $4.12. Amprius Technologies, Inc. has a 52-week low of $0.61 and a 52-week high of $9.66.

Amprius Technologies (NYSE:AMPX - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.03. The firm had revenue of $15.07 million during the quarter, compared to the consensus estimate of $12.38 million. Amprius Technologies had a negative net margin of 84.77% and a negative return on equity of 55.79%. Research analysts predict that Amprius Technologies, Inc. will post -0.45 earnings per share for the current 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.