Legato Capital Management LLC Takes Position in Amprius Technologies, Inc. (NYSE:AMPX)

Legato Capital Management LLC purchased a new stake in shares of Amprius Technologies, Inc. (NYSE:AMPX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 277,553 shares of the company's stock, valued at approximately $744,000. Legato Capital Management LLC owned about 0.24% of Amprius Technologies as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. lifted its holdings in Amprius Technologies by 319.4% during the 1st 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 during the last quarter. Jane Street Group LLC acquired a new stake in Amprius Technologies in the 4th quarter valued at about $724,000. Two Sigma Advisers LP acquired a new stake in Amprius Technologies in the 4th quarter valued at about $128,000. Geode Capital Management LLC increased its position 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 in the last quarter. Finally, Renaissance Technologies LLC increased its position in Amprius Technologies by 5,740.5% in the 4th quarter. Renaissance Technologies LLC now owns 765,100 shares of the company's stock valued at $2,142,000 after acquiring an additional 752,000 shares in the last quarter. 5.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. William Blair upgraded shares of Amprius Technologies from a "market perform" rating to an "outperform" rating in a research report on Friday, July 18th. B. Riley restated a "buy" rating and issued a $10.00 price objective (up previously from $6.00) on shares of Amprius Technologies in a research report on Thursday, July 10th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amprius Technologies presently has a consensus rating of "Buy" and an average target price of $10.17.

Amprius Technologies Stock Performance

Shares of NYSE:AMPX remained flat at $8.20 during trading on Monday. 4,253,618 shares of the stock traded hands, compared to its average volume of 4,704,547. Amprius Technologies, Inc. has a 12 month low of $0.61 and a 12 month high of $9.09. The company's fifty day moving average is $4.55 and its 200-day moving average is $3.37. The company has a market capitalization of $967.03 million, a price-to-earnings ratio of -20.21 and a beta of 2.68.

Amprius Technologies (NYSE:AMPX - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating 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 133.34% and a negative return on equity of 67.67%. On average, research analysts predict that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal year.

Insider Activity at Amprius Technologies

In related news, CTO Constantin Ionel Stefan sold 20,366 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $2.43, for a total transaction of $49,489.38. Following the completion of the transaction, the chief technology officer owned 866,134 shares in the company, valued at approximately $2,104,705.62. The trade was a 2.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sandra Wallach sold 27,595 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $2.43, for a total transaction of $67,055.85. Following the transaction, the chief financial officer owned 1,033,665 shares of the company's stock, valued at approximately $2,511,805.95. This represents a 2.60% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,747 shares of company stock worth $286,125. 12.80% of the stock is currently owned by company insiders.

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.