Legato Capital Management LLC Buys New Shares in Amprius Technologies, Inc. (NYSE:AMPX)

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

A number of other institutional investors also recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. raised its stake in shares of Amprius Technologies by 319.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 491,378 shares of the company's stock worth $1,317,000 after buying an additional 374,228 shares in the last quarter. Jane Street Group LLC acquired a new position in Amprius Technologies during the fourth quarter valued at $724,000. Two Sigma Advisers LP bought a new stake in Amprius Technologies in the fourth quarter worth approximately $128,000. Geode Capital Management LLC grew its position in Amprius Technologies by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 580,819 shares of the company's stock worth $1,626,000 after acquiring an additional 32,681 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake 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 in the last quarter. Institutional investors and hedge funds own 5.04% of the company's stock.

Insider Buying and Selling

In related news, CFO Sandra Wallach sold 27,595 shares of Amprius Technologies stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $2.43, for a total transaction of $67,055.85. Following the completion of the sale, the chief financial officer directly owned 1,033,665 shares of the company's stock, valued at $2,511,805.95. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kang Sun sold 69,786 shares of Amprius Technologies stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $2.43, for a total value of $169,579.98. Following the sale, the chief executive officer directly owned 1,812,235 shares of the company's stock, valued at approximately $4,403,731.05. This trade represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,747 shares of company stock valued at $286,125 over the last three months. Company insiders own 12.90% of the company's stock.

Analyst Upgrades and Downgrades

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

Amprius Technologies Stock Down 1.2%

Shares of Amprius Technologies stock traded down $0.10 during trading on Friday, reaching $8.19. 6,062,239 shares of the company were exchanged, compared to its average volume of 10,894,990. Amprius Technologies, Inc. has a twelve month low of $0.61 and a twelve month high of $9.09. The business has a 50-day moving average price of $4.55 and a 200-day moving average price of $3.36. The firm has a market capitalization of $965.85 million, a price-to-earnings ratio of -19.98 and a beta of 2.68.

Amprius Technologies (NYSE:AMPX - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.08) EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. Amprius Technologies had a negative return on equity of 67.67% and a negative net margin of 133.34%. The business had revenue of $11.28 million during the quarter, compared to analysts' expectations of $8.52 million. On average, equities research analysts forecast that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal 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.