Invesco Ltd. Purchases 897,222 Shares of Amprius Technologies, Inc. (NYSE:AMPX)

Invesco Ltd. grew its stake in shares of Amprius Technologies, Inc. (NYSE:AMPX - Free Report) by 56.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,484,662 shares of the company's stock after purchasing an additional 897,222 shares during the period. Invesco Ltd. owned about 2.35% of Amprius Technologies worth $6,957,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. State Street Corp boosted its holdings in Amprius Technologies by 4.7% during the third quarter. State Street Corp now owns 286,390 shares of the company's stock worth $318,000 after purchasing an additional 12,900 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Amprius Technologies by 50.9% during the 3rd quarter. Geode Capital Management LLC now owns 548,138 shares of the company's stock worth $608,000 after buying an additional 184,863 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of Amprius Technologies by 29.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company's stock worth $31,000 after buying an additional 6,700 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Amprius Technologies by 343.1% in the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company's stock valued at $30,000 after acquiring an additional 20,939 shares in the last quarter. Finally, Hamilton Lane Advisors LLC purchased a new stake in shares of Amprius Technologies during the fourth quarter valued at approximately $129,000. Institutional investors own 5.04% of the company's stock.

Wall Street Analyst Weigh In

AMPX has been the topic of several research analyst reports. Cantor Fitzgerald began coverage on Amprius Technologies in a research report on Tuesday, January 21st. They issued an "overweight" rating and a $10.00 price objective on the stock. Roth Mkm restated a "buy" rating and set a $6.00 price target on shares of Amprius Technologies in a research report on Friday, March 21st. Northland Securities raised their price objective on shares of Amprius Technologies from $4.00 to $10.00 and gave the stock an "outperform" rating in a report on Friday, January 10th. B. Riley boosted their target price on shares of Amprius Technologies from $5.00 to $6.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Finally, HC Wainwright restated a "buy" rating and set a $10.00 price target on shares of Amprius Technologies in a research note on Friday, March 21st. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $9.43.

Insiders Place Their Bets

In other Amprius Technologies news, insider Jonathan Bornstein sold 13,527 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $42,339.51. Following the sale, the insider now owns 419,197 shares of the company's stock, valued at $1,312,086.61. This trade represents a 3.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sandra Wallach sold 18,142 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $56,784.46. Following the transaction, the chief financial officer now directly owns 678,000 shares of the company's stock, valued at $2,122,140. The trade was a 2.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,088 shares of company stock worth $235,025 in the last three months. 12.80% of the stock is currently owned by corporate insiders.

Amprius Technologies Trading Down 3.2 %

Shares of AMPX stock traded down $0.07 during trading on Wednesday, reaching $2.15. 1,417,855 shares of the company's stock traded hands, compared to its average volume of 2,240,552. The firm's 50-day moving average is $2.40 and its 200 day moving average is $2.42. The company has a market capitalization of $253.54 million, a P/E ratio of -4.78 and a beta of 2.17. Amprius Technologies, Inc. has a 1 year low of $0.61 and a 1 year high of $4.21.

Amprius Technologies (NYSE:AMPX - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.11) by $0.01. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. The business had revenue of $10.63 million for the quarter, compared to analysts' expectations of $7.12 million. As a group, sell-side analysts predict that Amprius Technologies, Inc. will post -0.45 earnings per share for the current fiscal year.

Amprius Technologies Company 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.