Insider Selling: AmpliTech Group (NASDAQ:AMPG) CFO Sells 50,000 Shares of Stock

AmpliTech Group, Inc. (NASDAQ:AMPG) CFO Louisa Sanfratello sold 50,000 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $4.80, for a total transaction of $240,000.00. Following the transaction, the chief financial officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

AmpliTech Group Trading Down 6.3%

AMPG traded down $0.30 during midday trading on Friday, hitting $4.43. 4,335,606 shares of the company traded hands, compared to its average volume of 1,519,973. The company has a market capitalization of $112.26 million, a price-to-earnings ratio of -14.29 and a beta of -0.57. AmpliTech Group, Inc. has a 52-week low of $1.64 and a 52-week high of $5.65. The business has a 50 day simple moving average of $2.63 and a two-hundred day simple moving average of $2.92.

AmpliTech Group (NASDAQ:AMPG) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.06) earnings per share (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%.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMPG. Maxim Group decreased their price target on shares of AmpliTech Group from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday, March 30th. Wall Street Zen downgraded shares of AmpliTech Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings reissued 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.00.

Institutional Investors Weigh In On AmpliTech Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of AmpliTech Group by 156.8% during the first 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 during the last quarter. Virtu Financial LLC grew its holdings in shares of AmpliTech Group by 32.3% in the fourth quarter. Virtu Financial LLC now owns 19,523 shares of the company’s stock valued at $58,000 after purchasing an additional 4,762 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of AmpliTech Group in the fourth quarter valued at approximately $101,000. Engineers Gate Manager LP acquired a new position in shares of AmpliTech Group in the fourth quarter valued at approximately $62,000. Finally, Millennium Management LLC acquired a new position in shares of AmpliTech Group in the third quarter valued at approximately $73,000. 10.99% of the stock is currently owned by institutional investors and hedge funds.

About AmpliTech Group

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.