Huntleigh Advisors Inc. Buys Shares of 145,914 Amprius Technologies, Inc. $AMPX

Key Points

• Huntleigh Advisors Inc. acquired 145,914 shares of Amprius Technologies, valued at approximately $614,000, during the second quarter, giving them a 0.12% ownership stake in the company.
• Several large institutional investors have also increased their stakes in Amprius Technologies, with Vanguard raising its position by 17.7% and Kingswood Wealth Advisors increasing their stake by 44.7%.
• Equities analysts have a positive outlook on Amprius Technologies, with a consensus rating of "Moderate Buy" and an average price target of $13.14, following multiple upgrades from various firms.

Huntleigh Advisors Inc. bought a new stake in Amprius Technologies, Inc. (NYSE:AMPX - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 145,914 shares of the company's stock, valued at approximately $614,000. Huntleigh Advisors Inc. owned about 0.12% of Amprius Technologies at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC raised its position in Amprius Technologies by 17.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,134 shares of the company's stock valued at $81,000 after purchasing an additional 2,873 shares during the last quarter. SLT Holdings LLC acquired a new stake in shares of Amprius Technologies in the second quarter valued at about $386,000. Robertson Stephens Wealth Management LLC acquired a new stake in shares of Amprius Technologies in the second quarter valued at about $131,000. Kingswood Wealth Advisors LLC increased its stake in shares of Amprius Technologies by 44.7% in the second quarter. Kingswood Wealth Advisors LLC now owns 85,408 shares of the company's stock valued at $360,000 after buying an additional 26,389 shares during the period. Finally, EWA LLC acquired a new stake in shares of Amprius Technologies in the second quarter valued at about $80,000. 5.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. William Blair raised Amprius Technologies from a "market perform" rating to an "outperform" rating in a research note on Friday, July 18th. Northland Securities set a $20.00 price target on Amprius Technologies in a research note on Tuesday, October 7th. Roth Capital reissued a "buy" rating and issued a $10.00 price target (up previously from $6.00) on shares of Amprius Technologies in a research note on Tuesday, August 5th. Cantor Fitzgerald increased their price target on Amprius Technologies from $10.00 to $12.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Finally, B. Riley increased their price target on Amprius Technologies from $10.00 to $11.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $13.14.

Amprius Technologies Price Performance

NYSE AMPX opened at $11.81 on Friday. The business has a 50 day simple moving average of $9.58 and a 200 day simple moving average of $6.00. Amprius Technologies, Inc. has a one year low of $1.18 and a one year high of $16.03. The stock has a market capitalization of $1.48 billion, a P/E ratio of -35.77 and a beta of 2.85.

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

Insiders Place Their Bets

In other Amprius Technologies news, CFO Sandra Wallach sold 28,390 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $6.82, for a total value of $193,619.80. Following the transaction, the chief financial officer owned 1,005,275 shares in the company, valued at approximately $6,855,975.50. This represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Constantin Ionel Stefan sold 19,159 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $6.82, for a total value of $130,664.38. Following the completion of the transaction, the chief technology officer owned 846,975 shares in the company, valued at approximately $5,776,369.50. The trade was a 2.21% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 113,203 shares of company stock worth $772,044. Corporate insiders own 12.90% 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.

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