Baird Financial Group Inc. Purchases 500,212 Shares of Amprius Technologies, Inc. $AMPX

Baird Financial Group Inc. grew its holdings in shares of Amprius Technologies, Inc. (NYSE:AMPX) by 99.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,000,711 shares of the company’s stock after buying an additional 500,212 shares during the period. Baird Financial Group Inc.’s holdings in Amprius Technologies were worth $4,213,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC lifted its position in Amprius Technologies by 17.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 19,134 shares of the company’s stock valued at $81,000 after acquiring an additional 2,873 shares during the period. Bank of America Corp DE increased its stake in shares of Amprius Technologies by 31.1% during the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock valued at $36,000 after purchasing an additional 3,055 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Amprius Technologies by 61.1% during the first quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock valued at $42,000 after purchasing an additional 5,951 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Amprius Technologies by 2,043.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock worth $40,000 after purchasing an additional 9,072 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Amprius Technologies by 1,385.4% in the 2nd quarter. Legal & General Group Plc now owns 10,383 shares of the company’s stock worth $44,000 after buying an additional 9,684 shares during the last quarter. 5.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amprius Technologies

In related news, CEO Kang Sun sold 68,655 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $10.08, for a total value of $692,042.40. Following the sale, the chief executive officer owned 1,403,651 shares in the company, valued at approximately $14,148,802.08. This trade represents a 4.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Constantin Ionel Stefan sold 25,024 shares of Amprius Technologies stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $10.08, for a total transaction of $252,241.92. Following the completion of the sale, the chief technology officer directly owned 821,951 shares of the company’s stock, valued at approximately $8,285,266.08. This trade represents a 2.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,093,679 shares of company stock worth $11,544,284 in the last 90 days. 12.90% of the stock is currently owned by corporate insiders.

Amprius Technologies Price Performance

Amprius Technologies stock opened at $11.05 on Thursday. Amprius Technologies, Inc. has a one year low of $1.63 and a one year high of $16.03. The business’s fifty day moving average is $12.04 and its 200 day moving average is $8.51. The stock has a market capitalization of $1.44 billion, a PE ratio of -42.48 and a beta of 2.94.

Amprius Technologies (NYSE:AMPX) last posted its earnings results on Thursday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.03. Amprius Technologies had a negative net margin of 53.16% and a negative return on equity of 38.85%. The business had revenue of $21.43 million for the quarter, compared to analysts’ expectations of $16.45 million. As a group, sell-side analysts expect that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AMPX shares. Cantor Fitzgerald boosted their target price on Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Roth Capital set a $14.00 price target on Amprius Technologies and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a research report on Wednesday, October 8th. Finally, Northland Securities set a $20.00 price objective on shares of Amprius Technologies in a research note on Tuesday, October 7th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.29.

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.