Pathway Capital Management LP Invests $245,000 in Amprius Technologies, Inc. (NYSE:AMPX)

Pathway Capital Management LP bought a new position in Amprius Technologies, Inc. (NYSE:AMPX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 87,510 shares of the company’s stock, valued at approximately $245,000. Amprius Technologies makes up about 0.2% of Pathway Capital Management LP’s portfolio, making the stock its 8th biggest position.

Other hedge funds also recently made changes to their positions in the company. Rhumbline Advisers grew its stake in Amprius Technologies by 49.4% during the 4th quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock worth $27,000 after buying an additional 3,222 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in Amprius Technologies during the 4th quarter worth $30,000. JPMorgan Chase & Co. grew its stake in 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. B. Riley Wealth Advisors Inc. grew its stake in Amprius Technologies by 29.8% during 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. Finally, Hamilton Lane Advisors LLC bought a new position in Amprius Technologies during the 4th quarter worth $129,000. Institutional investors and hedge funds own 5.04% of the company’s stock.

Amprius Technologies Stock Performance

Shares of AMPX stock opened at $2.56 on Friday. Amprius Technologies, Inc. has a 1 year low of $0.61 and a 1 year high of $4.20. The stock has a fifty day moving average of $3.11 and a two-hundred day moving average of $2.01. The firm has a market capitalization of $270.42 million, a PE ratio of -5.68 and a beta of 2.45.

Analyst Upgrades and Downgrades

AMPX has been the subject of a number of recent research reports. Northland Securities upped their price objective on Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. HC Wainwright restated a “buy” rating and set a $10.00 price objective on shares of Amprius Technologies in a research note on Monday, November 11th. Finally, Cantor Fitzgerald initiated coverage on Amprius Technologies in a research note on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price objective for the company. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Amprius Technologies has an average rating of “Buy” and an average target price of $9.29.

Insiders Place Their Bets

In other news, CTO Constantin Ionel Stefan sold 9,066 shares of the company’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 $28,376.58. Following the completion of the sale, the chief technology officer now owns 421,489 shares in the company, valued at $1,319,260.57. This represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Sandra Wallach sold 18,142 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $3.13, for a total value of $56,784.46. Following the completion of the sale, the chief financial officer now owns 678,000 shares of the company’s stock, valued at approximately $2,122,140. This trade represents a 2.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,088 shares of company stock worth $235,025. 12.80% of the stock is owned by company insiders.

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.