Louisa Sanfratello Sells 50,000 Shares of AmpliTech Group (NASDAQ:AMPG) Stock

AmpliTech Group, Inc. (NASDAQ:AMPG) CFO Louisa Sanfratello sold 50,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $4.80, for a total value of $240,000.00. Following the sale, the chief financial officer owned 60,000 shares in the company, valued at approximately $288,000. The trade was a 45.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

AmpliTech Group Stock Performance

Shares of NASDAQ:AMPG opened at $4.42 on Friday. The company has a market cap of $112.00 million, a P/E ratio of -14.26 and a beta of -0.57. AmpliTech Group, Inc. has a one year low of $1.64 and a one year high of $5.65. The business’s 50-day simple moving average is $2.66 and its 200 day simple moving average is $2.93.

AmpliTech Group (NASDAQ:AMPG) last announced its earnings results on Wednesday, May 13th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The company had revenue of $5.35 million for the quarter, compared to analysts’ expectations of $5.00 million. AmpliTech Group had a negative net margin of 24.82% and a negative return on equity of 17.50%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AMPG shares. Wall Street Zen lowered AmpliTech Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Maxim Group lowered their price objective on AmpliTech Group from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Monday, March 30th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of AmpliTech Group in a research note on Monday, April 20th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $7.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMPG. Creek Drive Management Group LLC bought a new stake in AmpliTech Group during the 4th quarter valued at $1,196,000. Renaissance Technologies LLC raised its stake in AmpliTech Group by 135.5% during the 1st quarter. Renaissance Technologies LLC now owns 372,600 shares of the company’s stock valued at $708,000 after acquiring an additional 214,400 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in AmpliTech Group by 156.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 215,548 shares of the company’s stock valued at $410,000 after acquiring an additional 131,599 shares in the last quarter. Geode Capital Management LLC raised its stake in AmpliTech Group by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 194,620 shares of the company’s stock valued at $582,000 after acquiring an additional 7,874 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in AmpliTech Group during the 3rd quarter valued at $752,000. Institutional investors and hedge funds own 10.99% of the company’s stock.

AmpliTech Group Company Profile

AmpliTech Group, Inc is a design, development and manufacturing company specializing in high-performance RF and microwave components and subsystems. Headquartered in Lancaster, Pennsylvania, the company focuses on delivering ruggedized solutions for demanding applications in defense, aerospace, satellite communications and industrial test and measurement. AmpliTech’s products are engineered to meet stringent military and commercial standards, making them well-suited for mission-critical environments.

The company’s product portfolio includes high-power amplifiers, low-noise amplifiers, filters, frequency converters and integrated assemblies.