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

Lexington Partners L.P. purchased a new position in shares of Amprius Technologies, Inc. (NYSE:AMPX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 76,764 shares of the company’s stock, valued at approximately $215,000. Amprius Technologies makes up approximately 0.3% of Lexington Partners L.P.’s portfolio, making the stock its 5th largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of Amprius Technologies by 50.9% during the third quarter. Geode Capital Management LLC now owns 548,138 shares of the company’s stock worth $608,000 after acquiring an additional 184,863 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Amprius Technologies by 124.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock valued at $304,000 after purchasing an additional 152,102 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Amprius Technologies during the 4th quarter worth approximately $328,000. JPMorgan Chase & Co. increased its holdings 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 purchasing an additional 20,939 shares during the last quarter. Finally, State Street Corp raised its position in shares of Amprius Technologies by 4.7% in the 3rd quarter. State Street Corp now owns 286,390 shares of the company’s stock valued at $318,000 after purchasing an additional 12,900 shares in the last quarter. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Insider Transactions at Amprius Technologies

In other news, CFO Sandra Wallach sold 18,142 shares of the company’s stock in a transaction that occurred 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 directly owns 678,000 shares of the company’s stock, valued at approximately $2,122,140. This represents a 2.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Constantin Ionel Stefan sold 9,066 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $28,376.58. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,088 shares of company stock valued at $235,025. 12.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMPX. Northland Securities lifted their price target on shares of 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 reissued a “buy” rating and issued a $10.00 target price on shares of Amprius Technologies in a research report on Friday. Oppenheimer increased their price target on shares of Amprius Technologies from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Friday. B. Riley boosted their price objective on Amprius Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday. Finally, Roth Mkm restated a “buy” rating and set a $6.00 price objective on shares of Amprius Technologies in a research note on Friday. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $9.43.

Amprius Technologies Stock Up 5.9 %

Shares of NYSE:AMPX opened at $3.30 on Tuesday. The company’s 50-day moving average price is $2.91 and its 200 day moving average price is $2.15. The company has a market cap of $348.74 million, a PE ratio of -7.32 and a beta of 2.56. Amprius Technologies, Inc. has a fifty-two week low of $0.61 and a fifty-two week high of $4.21.

Amprius Technologies (NYSE:AMPX) last issued its quarterly earnings data on Thursday, March 20th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $10.63 million during the quarter, compared to the consensus estimate of $7.12 million. As a group, equities analysts anticipate that Amprius Technologies, Inc. will post -0.45 EPS for the current year.

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.