Alps Advisors Inc. Invests $1.57 Million in Amprius Technologies, Inc. $AMPX

Alps Advisors Inc. purchased a new stake in shares of Amprius Technologies, Inc. (NYSE:AMPX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 148,780 shares of the company’s stock, valued at approximately $1,565,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Envestnet Asset Management Inc. bought a new stake in shares of Amprius Technologies during the third quarter worth $232,000. Jones Financial Companies Lllp lifted its position in Amprius Technologies by 353.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock worth $50,000 after buying an additional 3,532 shares in the last quarter. Lisanti Capital Growth LLC acquired a new position in Amprius Technologies during the 3rd quarter worth about $2,795,000. Arizona State Retirement System bought a new stake in Amprius Technologies during the 3rd quarter worth about $281,000. Finally, Foundations Investment Advisors LLC increased its position in Amprius Technologies by 31.1% in the 3rd quarter. Foundations Investment Advisors LLC now owns 121,134 shares of the company’s stock valued at $1,274,000 after acquiring an additional 28,718 shares in the last quarter. Institutional investors and hedge funds own 5.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Cantor Fitzgerald upped their target price on shares of Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Needham & Company LLC started coverage on Amprius Technologies in a report on Thursday, January 29th. They set a “buy” rating and a $20.00 price objective on the stock. Oppenheimer reiterated an “outperform” rating and issued a $17.00 price objective on shares of Amprius Technologies in a research report on Tuesday, December 23rd. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research report on Wednesday, January 21st. Finally, Roth Mkm set a $14.00 price target on Amprius Technologies and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Seven equities research 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, the company has a consensus rating of “Moderate Buy” and an average price target of $16.57.

Amprius Technologies Trading Down 7.8%

NYSE:AMPX opened at $11.52 on Wednesday. Amprius Technologies, Inc. has a 1-year low of $1.70 and a 1-year high of $16.03. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of -44.31 and a beta of 2.99. The business’s 50-day moving average price is $10.50 and its two-hundred day moving average price is $10.26.

Insider Activity at Amprius Technologies

In other Amprius Technologies news, CEO Kang Sun sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $10.60, for a total value of $10,600,000.00. Following the completion of the sale, the chief executive officer owned 1,472,306 shares of the company’s stock, valued at approximately $15,606,443.60. This represents a 40.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Constantin Ionel Stefan sold 492,827 shares of the stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $12.04, for a total transaction of $5,933,637.08. Following the completion of the sale, the chief technology officer owned 748,696 shares in the company, valued at approximately $9,014,299.84. This trade represents a 39.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,399,331 shares of company stock worth $37,048,615 in the last three months. 12.80% of the stock is owned by insiders.

Amprius Technologies Company 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.