Wellington Management Group LLP Invests $4.75 Million in Amprius Technologies, Inc. $AMPX

Wellington Management Group LLP bought a new stake in Amprius Technologies, Inc. (NYSE:AMPX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 342,797 shares of the company’s stock, valued at approximately $4,751,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Voloridge Investment Management LLC purchased a new stake in Amprius Technologies during the 3rd quarter worth $19,737,000. BNP Paribas Financial Markets raised its position in Amprius Technologies by 1,117.9% in the third quarter. BNP Paribas Financial Markets now owns 1,943,905 shares of the company’s stock valued at $20,450,000 after purchasing an additional 1,784,291 shares during the period. Norges Bank acquired a new position in shares of Amprius Technologies during the fourth quarter worth about $10,295,000. Invesco Ltd. lifted its stake in shares of Amprius Technologies by 113.3% during the third quarter. Invesco Ltd. now owns 2,379,384 shares of the company’s stock worth $25,031,000 after purchasing an additional 1,263,846 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Amprius Technologies by 12,063.3% in the second quarter. JPMorgan Chase & Co. now owns 1,017,217 shares of the company’s stock worth $4,282,000 after buying an additional 1,008,854 shares during the period. Institutional investors and hedge funds own 5.04% of the company’s stock.

Wall Street Analyst Weigh In

AMPX has been the topic of several analyst reports. Zacks Research upgraded Amprius Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Clear Str initiated coverage on shares of Amprius Technologies in a research note on Tuesday, June 2nd. They set a “strong-buy” rating and a $33.00 price target on the stock. JonesTrading started coverage on shares of Amprius Technologies in a research report on Friday, July 10th. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.00.

Insider Transactions at Amprius Technologies

In other Amprius Technologies news, CTO Constantin Stefan sold 29,681 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $10.34, for a total transaction of $306,901.54. Following the sale, the chief technology officer owned 771,629 shares in the company, valued at $7,978,643.86. This represents a 3.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Thomas Stepien sold 8,000 shares of Amprius Technologies stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $10.03, for a total value of $80,240.00. Following the completion of the transaction, the chief executive officer owned 594,096 shares of the company’s stock, valued at approximately $5,958,782.88. The trade was a 1.33% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 208,311 shares of company stock valued at $2,732,006 in the last three months. Corporate insiders own 5.10% of the company’s stock.

Amprius Technologies Stock Performance

Shares of Amprius Technologies stock opened at $9.86 on Thursday. The firm has a market cap of $1.40 billion, a PE ratio of -33.98 and a beta of 2.33. The firm’s 50-day simple moving average is $10.68 and its 200-day simple moving average is $14.79. Amprius Technologies, Inc. has a 1 year low of $7.37 and a 1 year high of $24.23.

Amprius Technologies 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.