AmpliTech Group (NASDAQ:AMPG) CFO Sells $240,000.00 in Stock

AmpliTech Group, Inc. (NASDAQ:AMPG) CFO Louisa Sanfratello sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $4.80, for a total value of $240,000.00. Following the completion of the sale, the chief financial officer owned 60,000 shares in the company, valued at $288,000. The trade was a 45.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

AmpliTech Group Price Performance

NASDAQ:AMPG opened at $4.42 on Monday. The company has a market cap of $112.00 million, a P/E ratio of -14.26 and a beta of -0.19. AmpliTech Group, Inc. has a twelve month low of $1.64 and a twelve month high of $5.65. The business has a 50 day moving average price of $2.66 and a two-hundred day moving average price of $2.93.

AmpliTech Group (NASDAQ:AMPG) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). AmpliTech Group had a negative net margin of 24.82% and a negative return on equity of 17.50%. The business had revenue of $5.35 million during the quarter, compared to analyst estimates of $5.00 million.

Analyst Upgrades and Downgrades

Several brokerages have commented on AMPG. Maxim Group cut their price target on shares of AmpliTech Group from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday, March 30th. Weiss Ratings restated a “sell (d-)” rating on shares of AmpliTech Group in a report on Monday, April 20th. Finally, Wall Street Zen downgraded AmpliTech Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $7.00.

Hedge Funds Weigh In On AmpliTech Group

Several hedge funds and other institutional investors have recently made changes to their positions in AMPG. Geode Capital Management LLC raised its position in AmpliTech Group by 3.0% during the second quarter. Geode Capital Management LLC now owns 167,569 shares of the company’s stock worth $355,000 after acquiring an additional 4,811 shares in the last quarter. Bryn Mawr Trust Advisors LLC lifted its stake in AmpliTech Group by 37.1% in the third quarter. Bryn Mawr Trust Advisors LLC now owns 14,775 shares of the company’s stock valued at $57,000 after acquiring an additional 4,000 shares during the last quarter. Pekin Hardy Strauss Inc. bought a new position in shares of AmpliTech Group in the 3rd quarter valued at about $281,000. Dimensional Fund Advisors LP grew its position in shares of AmpliTech Group by 62.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 63,051 shares of the company’s stock valued at $245,000 after acquiring an additional 24,302 shares during the period. Finally, Squarepoint Ops LLC increased its stake in shares of AmpliTech Group by 54.3% during the 3rd quarter. Squarepoint Ops LLC now owns 22,276 shares of the company’s stock worth $87,000 after purchasing an additional 7,837 shares during the last quarter. 10.99% of the stock is owned by institutional investors.

About AmpliTech Group

AmpliTech Group, Inc is a design, development and manufacturing company specializing in high-performance RF and microwave components and subsystems. Headquartered in Lancaster, Pennsylvania, the company focuses on delivering ruggedized solutions for demanding applications in defense, aerospace, satellite communications and industrial test and measurement. AmpliTech’s products are engineered to meet stringent military and commercial standards, making them well-suited for mission-critical environments.

The company’s product portfolio includes high-power amplifiers, low-noise amplifiers, filters, frequency converters and integrated assemblies.