AQR Capital Management LLC Makes New Investment in Amprius Technologies, Inc. (NYSE:AMPX)

AQR Capital Management LLC bought a new position in shares of Amprius Technologies, Inc. (NYSE:AMPX) during the 2nd quarter, Holdings Channel reports. The fund bought 78,314 shares of the company’s stock, valued at approximately $99,000.

Separately, B. Riley Wealth Advisors Inc. boosted its position in shares of Amprius Technologies by 29.3% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 15,775 shares of the company’s stock worth $83,000 after purchasing an additional 3,575 shares in the last quarter. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Insider Activity at Amprius Technologies

In related news, Director Justin E. Mirro sold 250,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $0.81, for a total value of $202,500.00. Following the completion of the transaction, the director now owns 1,195,000 shares of the company’s stock, valued at approximately $967,950. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Kang Sun sold 33,333 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $1.04, for a total transaction of $34,666.32. Following the completion of the transaction, the chief executive officer now owns 1,350,753 shares of the company’s stock, valued at $1,404,783.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Justin E. Mirro sold 250,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $0.81, for a total transaction of $202,500.00. Following the transaction, the director now directly owns 1,195,000 shares of the company’s stock, valued at approximately $967,950. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 469,683 shares of company stock valued at $425,318. 12.80% of the stock is owned by insiders.

Amprius Technologies Stock Up 7.7 %

NYSE:AMPX opened at $1.40 on Friday. The company has a market capitalization of $151.15 million, a PE ratio of -3.26 and a beta of 2.71. Amprius Technologies, Inc. has a 52-week low of $0.61 and a 52-week high of $6.02. The stock has a fifty day simple moving average of $1.05 and a 200-day simple moving average of $1.34.

Amprius Technologies (NYSE:AMPX) last announced its earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Amprius Technologies had a negative net margin of 327.05% and a negative return on equity of 64.85%. The firm had revenue of $3.35 million during the quarter, compared to analyst estimates of $2.45 million. During the same period in the previous year, the firm posted ($0.11) EPS. As a group, equities analysts anticipate that Amprius Technologies, Inc. will post -0.5 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. HC Wainwright restated a “buy” rating and set a $10.00 target price on shares of Amprius Technologies in a research report on Monday, August 12th. B. Riley upgraded shares of Amprius Technologies to a “strong-buy” rating in a research report on Tuesday, June 25th. Oppenheimer cut their price target on Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Northland Securities cut their price target on Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Finally, Roth Mkm cut their price target on Amprius Technologies from $10.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, August 9th. One analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Amprius Technologies has an average rating of “Buy” and a consensus price target of $8.17.

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.