Lexington Partners L.P. Takes Position in Amprius Technologies, Inc. (NYSE:AMPX)

Lexington Partners L.P. bought a new position in Amprius Technologies, Inc. (NYSE:AMPX) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 76,764 shares of the company’s stock, valued at approximately $215,000. Amprius Technologies makes up 0.3% of Lexington Partners L.P.’s investment portfolio, making the stock its 5th largest position. Lexington Partners L.P. owned 0.07% of Amprius Technologies as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Rhumbline Advisers lifted its position in Amprius Technologies by 49.4% during the fourth quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock worth $27,000 after buying an additional 3,222 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Amprius Technologies by 343.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock worth $30,000 after buying an additional 20,939 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new position in Amprius Technologies in the fourth quarter valued at approximately $30,000. B. Riley Wealth Advisors Inc. grew its position in Amprius Technologies by 29.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock worth $31,000 after acquiring an additional 6,700 shares during the period. Finally, O Dell Group LLC acquired a new stake in Amprius Technologies during the fourth quarter worth $35,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Sandra Wallach sold 18,142 shares of Amprius Technologies stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $56,784.46. Following the completion of the sale, the chief financial officer now owns 678,000 shares in the company, valued at approximately $2,122,140. This trade represents a 2.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kang Sun sold 34,353 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $107,524.89. Following the sale, the chief executive officer now owns 1,282,621 shares in the company, valued at $4,014,603.73. This trade represents a 2.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,088 shares of company stock worth $235,025 in the last quarter. Company insiders own 12.80% of the company’s stock.

Amprius Technologies Stock Up 5.9 %

Shares of NYSE:AMPX opened at $3.30 on Tuesday. Amprius Technologies, Inc. has a 52 week low of $0.61 and a 52 week high of $4.21. The company has a 50-day moving average price of $2.91 and a 200 day moving average price of $2.15. The company has a market cap of $348.74 million, a P/E ratio of -7.32 and a beta of 2.56.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings results on Thursday, March 20th. The company reported ($0.10) earnings per share for the quarter, beating 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 firm had revenue of $10.63 million for the quarter, compared to the consensus estimate of $7.12 million. Analysts expect that Amprius Technologies, Inc. will post -0.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AMPX shares. Cantor Fitzgerald initiated coverage on Amprius Technologies in a report on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price target for the company. HC Wainwright reissued a “buy” rating and issued a $10.00 target price on shares of Amprius Technologies in a research report on Friday. Oppenheimer raised their price target on Amprius Technologies from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Friday. Northland Securities lifted their price objective on shares of Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Finally, B. Riley increased their price target on Amprius Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Friday. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $9.43.

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.