Robertson Stephens Wealth Management LLC Invests $131,000 in Amprius Technologies, Inc. $AMPX

Key Points

• Robertson Stephens Wealth Management has invested $131,000 in Amprius Technologies, acquiring 31,094 shares during the second quarter.
• Several institutional investors, including Kingswood Wealth Advisors LLC and Goldman Sachs, have increased their stakes in Amprius Technologies, highlighting growing institutional interest.
• Amprius Technologies reported better-than-expected earnings, with an EPS of ($0.05), surpassing consensus estimates, and analysts maintain an overall rating of Moderate Buy with a consensus price target of $13.14.

Robertson Stephens Wealth Management LLC acquired a new position in Amprius Technologies, Inc. (NYSE:AMPX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 31,094 shares of the company's stock, valued at approximately $131,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC grew its holdings in Amprius Technologies by 44.7% during the second quarter. Kingswood Wealth Advisors LLC now owns 85,408 shares of the company's stock worth $360,000 after acquiring an additional 26,389 shares during the period. EWA LLC acquired a new stake in shares of Amprius Technologies in the second quarter worth approximately $80,000. Janney Montgomery Scott LLC acquired a new stake in shares of Amprius Technologies in the second quarter worth approximately $67,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Amprius Technologies during the second quarter worth approximately $42,000. Finally, Goldman Sachs Group Inc. lifted its position in Amprius Technologies by 128.6% during the first quarter. Goldman Sachs Group Inc. now owns 244,646 shares of the company's stock worth $656,000 after buying an additional 137,640 shares in the last quarter. 5.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 19,159 shares of Amprius Technologies stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $6.82, for a total transaction of $130,664.38. Following the transaction, the chief technology officer owned 846,975 shares of the company's stock, valued at $5,776,369.50. The trade was a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Sandra Wallach sold 28,390 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $6.82, for a total value of $193,619.80. Following the completion of the sale, the chief financial officer owned 1,005,275 shares of the company's stock, valued at approximately $6,855,975.50. This represents a 2.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,203 shares of company stock worth $772,044 in the last quarter. 12.80% of the stock is owned by insiders.

Amprius Technologies Stock Performance

NYSE:AMPX opened at $11.94 on Monday. The stock has a 50-day simple moving average of $9.07 and a 200-day simple moving average of $5.66. The stock has a market cap of $1.49 billion, a P/E ratio of -36.18 and a beta of 2.85. Amprius Technologies, Inc. has a 1 year low of $1.16 and a 1 year high of $14.07.

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

Wall Street Analysts Forecast Growth

AMPX has been the topic of a number of analyst reports. Northland Securities set a $20.00 price objective on Amprius Technologies in a research report on Tuesday, October 7th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Amprius Technologies in a report on Wednesday, October 8th. Cantor Fitzgerald boosted their price objective on Amprius Technologies from $10.00 to $12.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Roth Capital reiterated a "buy" rating and issued a $10.00 price objective (up previously from $6.00) on shares of Amprius Technologies in a report on Tuesday, August 5th. Finally, HC Wainwright reiterated a "buy" rating and issued a $18.00 price objective (up previously from $10.00) on shares of Amprius Technologies in a report on Friday, August 8th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Amprius Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.14.

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.

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