Jupiter Asset Management Ltd. Makes New Investment in Amprius Technologies, Inc. $AMPX

Jupiter Asset Management Ltd. acquired a new stake in Amprius Technologies, Inc. (NYSE:AMPX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 199,385 shares of the company’s stock, valued at approximately $2,098,000. Jupiter Asset Management Ltd. owned approximately 0.16% of Amprius Technologies at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in Amprius Technologies by 31.1% during the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock valued at $36,000 after acquiring an additional 3,055 shares during the period. Ameritas Investment Partners Inc. lifted its position in shares of Amprius Technologies by 2,043.2% during the second quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock worth $40,000 after purchasing an additional 9,072 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Amprius Technologies by 61.1% during the first quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock worth $42,000 after purchasing an additional 5,951 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Amprius Technologies by 1,385.4% in the second quarter. Legal & General Group Plc now owns 10,383 shares of the company’s stock valued at $44,000 after purchasing an additional 9,684 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Amprius Technologies in the second quarter valued at approximately $44,000. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AMPX. Oppenheimer reaffirmed an “outperform” rating and set a $17.00 target price on shares of Amprius Technologies in a research note on Tuesday, December 23rd. Needham & Company LLC began coverage on Amprius Technologies in a research report on Thursday, January 29th. They set a “buy” rating and a $20.00 price objective on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, January 21st. Finally, Cantor Fitzgerald boosted their target price on Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Seven investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Amprius Technologies presently has an average rating of “Moderate Buy” and an average price target of $16.57.

Insider Buying and Selling at Amprius Technologies

In related news, 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 value of $5,933,637.08. Following the transaction, the chief technology officer owned 748,696 shares of the company’s stock, valued at $9,014,299.84. This represents a 39.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kang Sun sold 950,548 shares of Amprius Technologies stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $11.07, for a total value of $10,522,566.36. Following the sale, the director directly owned 1,403,651 shares of the company’s stock, valued at $15,538,416.57. This trade represents a 40.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,305,652 shares of company stock worth $25,504,331 in the last three months. 12.90% of the stock is currently owned by corporate insiders.

Amprius Technologies Trading Down 8.0%

Shares of NYSE:AMPX opened at $9.53 on Friday. Amprius Technologies, Inc. has a 52 week low of $1.70 and a 52 week high of $16.03. The company’s 50 day moving average is $10.26 and its two-hundred day moving average is $10.39. The company has a market cap of $1.24 billion, a PE ratio of -36.63 and a beta of 2.99.

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.