Jump Financial LLC Takes $174,000 Position in Amprius Technologies, Inc. $AMPX

Key Points

• Jump Financial LLC acquired a new stake in Amprius Technologies, purchasing 64,796 shares valued at approximately $174,000, giving it a 0.05% ownership as of the end of the last quarter.
• Amprius Technologies reported a quarterly earnings beat with an EPS of ($0.05), surpassing the consensus estimate of ($0.08), and revenue of $15.07 million, above the projected $12.38 million.
• Analysts show optimism for Amprius Technologies, with most ratings at "Buy" and an average target price of $11.71, reflecting a positive outlook for future stock performance.

Jump Financial LLC purchased a new position in shares of Amprius Technologies, Inc. (NYSE:AMPX - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 64,796 shares of the company's stock, valued at approximately $174,000. Jump Financial LLC owned approximately 0.05% of Amprius Technologies as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in shares of Amprius Technologies by 31.1% during the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company's stock worth $36,000 after buying an additional 3,055 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Amprius Technologies by 61.1% during the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company's stock worth $42,000 after buying an additional 5,951 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Amprius Technologies during the 4th quarter worth approximately $28,000. Cornerstone Partners Capital Management LLC bought a new position in shares of Amprius Technologies during the 1st quarter worth approximately $41,000. Finally, Wolverine Trading LLC bought a new position in shares of Amprius Technologies during the 4th quarter worth approximately $48,000. 5.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CFO Sandra Wallach sold 28,390 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $6.82, for a total transaction of $193,619.80. Following the transaction, the chief financial officer directly owned 1,005,275 shares in the company, valued at approximately $6,855,975.50. This trade represents a 2.75% 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, CTO Constantin Ionel Stefan sold 19,159 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $6.82, for a total value of $130,664.38. Following the transaction, the chief technology officer owned 846,975 shares in the company, valued at approximately $5,776,369.50. This trade represents a 2.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,203 shares of company stock worth $772,044. Corporate insiders own 12.90% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. B. Riley increased their target price on Amprius Technologies from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Roth Capital reiterated a "buy" rating and issued a $10.00 target price (up from $6.00) on shares of Amprius Technologies in a report on Tuesday, August 5th. Cantor Fitzgerald increased their target price on Amprius Technologies from $10.00 to $12.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. William Blair upgraded Amprius Technologies from a "market perform" rating to an "outperform" rating in a report on Friday, July 18th. Finally, HC Wainwright reiterated a "buy" rating and issued a $18.00 target price (up from $10.00) on shares of Amprius Technologies in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to data from MarketBeat.com, Amprius Technologies has a consensus rating of "Buy" and an average price target of $11.71.

Amprius Technologies Stock Up 2.4%

NYSE:AMPX traded up $0.17 during trading hours on Friday, hitting $7.10. 4,210,378 shares of the company traded hands, compared to its average volume of 6,413,714. The firm's 50-day simple moving average is $7.02 and its 200-day simple moving average is $4.19. Amprius Technologies, Inc. has a one year low of $0.61 and a one year high of $9.66. The company has a market cap of $887.44 million, a PE ratio of -21.50 and a beta of 2.72.

Amprius Technologies (NYSE:AMPX - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.05) earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $12.38 million. As a group, equities research analysts expect that Amprius Technologies, Inc. will post -0.45 EPS for the current year.

About Amprius Technologies

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.