Insider Selling: AmpliTech Group (NASDAQ:AMPG) Director Sells $60,548.22 in Stock

AmpliTech Group, Inc. (NASDAQ:AMPG) Director Daniel Richard Mazziota sold 7,157 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $8.46, for a total transaction of $60,548.22. Following the transaction, the director owned 247,743 shares of the company’s stock, valued at approximately $2,095,905.78. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Daniel Richard Mazziota also recently made the following trade(s):

• On Tuesday, June 23rd, Daniel Richard Mazziota sold 10,000 shares of AmpliTech Group stock. The shares were sold at an average price of $7.71, for a total transaction of $77,100.00.
• On Friday, May 22nd, Daniel Richard Mazziota sold 10,000 shares of AmpliTech Group stock. The stock was sold at an average price of $4.95, for a total transaction of $49,500.00.

AmpliTech Group Stock Performance

Shares of NASDAQ:AMPG opened at $6.59 on Friday. The company has a fifty day moving average of $4.72 and a 200-day moving average of $3.51. The company has a market capitalization of $167.04 million, a PE ratio of -21.26 and a beta of -0.18. AmpliTech Group, Inc. has a 52-week low of $1.64 and a 52-week high of $10.11.

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

Institutional Trading of AmpliTech Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in AmpliTech Group during the 3rd quarter worth $57,000. Legato Capital Management LLC grew its position in shares of AmpliTech Group by 26.8% in the 4th quarter. Legato Capital Management LLC now owns 20,675 shares of the company’s stock valued at $62,000 after buying an additional 4,376 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of AmpliTech Group in the fourth quarter valued at about $62,000. Millennium Management LLC acquired a new stake in shares of AmpliTech Group in the third quarter valued at about $73,000. Finally, Squarepoint Ops LLC raised its position in shares of AmpliTech Group by 54.3% during the third quarter. Squarepoint Ops LLC now owns 22,276 shares of the company’s stock worth $87,000 after acquiring an additional 7,837 shares during the last quarter. 10.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of AmpliTech Group in a research note on Monday, April 20th. 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, Wall Street Zen upgraded shares of AmpliTech Group from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.00.

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.