717,571 Shares in Amprius Technologies, Inc. (NYSE:AMPX) Bought by Millennium Management LLC

Millennium Management LLC bought a new position in shares of Amprius Technologies, Inc. (NYSE:AMPX - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 717,571 shares of the company's stock, valued at approximately $2,009,000. Millennium Management LLC owned approximately 0.68% of Amprius Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Blackstone Inc. purchased a new position in Amprius Technologies during the fourth quarter worth about $722,000. Bank of America Corp DE lifted its position in Amprius Technologies by 31.1% during the fourth 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 during the period. Mercer Global Advisors Inc. ADV purchased a new position in Amprius Technologies during the fourth quarter worth about $28,000. Jane Street Group LLC purchased a new position in Amprius Technologies during the fourth quarter worth about $724,000. Finally, Utah Retirement Systems purchased a new position in Amprius Technologies during the fourth quarter worth about $103,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

Amprius Technologies Stock Performance

Shares of AMPX stock traded down $0.12 during trading hours on Thursday, reaching $2.63. The company had a trading volume of 2,491,384 shares, compared to its average volume of 2,437,717. Amprius Technologies, Inc. has a twelve month low of $0.61 and a twelve month high of $4.21. The company has a market capitalization of $309.56 million, a P/E ratio of -5.83 and a beta of 2.37. The stock's fifty day simple moving average is $2.49 and its 200 day simple moving average is $2.60.

Amprius Technologies (NYSE:AMPX - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.08) 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 the consensus estimate of $8.52 million. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. As a group, equities analysts expect that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AMPX shares. HC Wainwright reiterated a "buy" rating and set a $10.00 target price on shares of Amprius Technologies in a research report on Friday, March 21st. Oppenheimer upped their price target on Amprius Technologies from $14.00 to $15.00 and gave the stock an "outperform" rating in a research note on Friday, March 21st. B. Riley upped their price target on Amprius Technologies from $5.00 to $6.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Finally, Roth Mkm restated a "buy" rating and set a $6.00 price target on shares of Amprius Technologies in a research note on Friday, March 21st. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Amprius Technologies currently has a consensus rating of "Buy" and an average target price of $9.50.

Insider Activity at Amprius Technologies

In other news, CEO Kang Sun sold 69,786 shares of Amprius Technologies stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 1,812,235 shares in the company, valued at approximately $4,403,731.05. This trade represents a 3.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sandra Wallach sold 27,595 shares of Amprius Technologies stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $2.43, for a total value of $67,055.85. Following the completion of the transaction, the chief financial officer now owns 1,033,665 shares of the company's stock, valued at approximately $2,511,805.95. The trade was 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 valued at $286,125. Insiders own 12.90% of the company's stock.

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.