Wellington Management Group LLP Buys New Stake in Amprius Technologies, Inc. $AMPX

Key Points

• Wellington Management Group acquired 342,797 Amprius Technologies shares worth approximately $4.75 million, giving it a 0.24% stake. Institutional investors and hedge funds collectively own 5.04% of AMPX.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and a $23 price target, despite ratings ranging from Strong Buy to Sell.
• AMPX opened at $9.86, down 5.1%, and remains well below its 52-week high of $24.23. Insiders sold 208,311 shares worth about $2.73 million over the past quarter, primarily to cover tax obligations from vested equity awards.

Wellington Management Group LLP purchased a new position in shares of Amprius Technologies, Inc. (NYSE:AMPX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 342,797 shares of the company's stock, valued at approximately $4,751,000. Wellington Management Group LLP owned approximately 0.24% of Amprius Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its stake in shares of Amprius Technologies by 14.7% during the third quarter. Victory Capital Management Inc. now owns 11,817 shares of the company's stock valued at $124,000 after acquiring an additional 1,516 shares during the last quarter. Graham Capital Management L.P. lifted its holdings in Amprius Technologies by 3.2% in the 4th quarter. Graham Capital Management L.P. now owns 49,596 shares of the company's stock valued at $391,000 after purchasing an additional 1,551 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Amprius Technologies by 5.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 33,280 shares of the company's stock worth $263,000 after purchasing an additional 1,621 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Amprius Technologies by 6.7% during the fourth quarter. First Trust Advisors LP now owns 32,744 shares of the company's stock worth $258,000 after buying an additional 2,066 shares in the last quarter. Finally, Focus Partners Wealth grew its holdings in shares of Amprius Technologies by 9.3% during the third quarter. Focus Partners Wealth now owns 26,484 shares of the company's stock worth $276,000 after buying an additional 2,245 shares in the last quarter. 5.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on AMPX. JonesTrading began coverage on shares of Amprius Technologies in a research note on Friday, July 10th. They set a "buy" rating and a $30.00 price objective on the stock. Zacks Research raised shares of Amprius Technologies from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. Clear Str initiated coverage on Amprius Technologies in a report on Tuesday, June 2nd. They set a "strong-buy" rating and a $33.00 price objective on the stock. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Amprius Technologies in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.00.

Insider Transactions at Amprius Technologies

In other Amprius Technologies news, CEO Thomas M. Stepien sold 23,529 shares of the company's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $10.34, for a total transaction of $243,289.86. Following the completion of the sale, the chief executive officer directly owned 602,096 shares in the company, valued at $6,225,672.64. This represents a 3.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kang Sun sold 62,101 shares of the firm's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $10.34, for a total value of $642,124.34. Following the completion of the transaction, the director owned 1,218,397 shares in the company, valued at approximately $12,598,224.98. This trade represents a 4.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 208,311 shares of company stock valued at $2,732,006. Corporate insiders own 5.10% of the company's stock.

Amprius Technologies Stock Down 5.1%

NYSE:AMPX opened at $9.86 on Thursday. The company has a market cap of $1.40 billion, a P/E ratio of -33.98 and a beta of 2.33. The firm's 50 day moving average is $10.68 and its two-hundred day moving average is $14.79. Amprius Technologies, Inc. has a fifty-two week low of $7.37 and a fifty-two week high of $24.23.

Amprius Technologies Profile

Amprius Technologies, Inc NYSE: AMPX is a U.S.-based developer of high-energy-density lithium-ion batteries that leverage silicon anode technology to deliver performance levels beyond conventional graphite-based cells. The company's batteries are designed to offer industry-leading gravimetric energy density, enabling longer run times and reduced weight for portable power applications. Amprius blends advanced materials science and scalable manufacturing processes to commercialize next-generation battery solutions.

At the core of Amprius' product portfolio are cylindrical and prismatic cells that employ a proprietary silicon nanowire anode, which supports high charge/discharge rates while maintaining cycle life.

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