Insider Selling: AmpliTech Group (NASDAQ:AMPG) Director Sells $77,100.00 in Stock

AmpliTech Group, Inc. (NASDAQ:AMPG) Director Daniel Richard Mazziota sold 10,000 shares of AmpliTech Group stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $7.71, for a total transaction of $77,100.00. Following the completion of the transaction, the director directly owned 237,743 shares in the company, valued at $1,832,998.53. The trade was a 4.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, June 22nd, Daniel Richard Mazziota sold 7,157 shares of AmpliTech Group stock. The stock was sold at an average price of $8.46, for a total transaction of $60,548.22.
• 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

AmpliTech Group stock traded down $0.70 during midday trading on Wednesday, hitting $7.03. 3,399,880 shares of the company’s stock were exchanged, compared to its average volume of 2,384,654. The stock has a market cap of $178.04 million, a price-to-earnings ratio of -22.66 and a beta of -0.18. AmpliTech Group, Inc. has a 12-month low of $1.64 and a 12-month high of $10.11. The firm’s 50 day simple moving average is $4.43 and its 200 day simple moving average is $3.44.

AmpliTech Group (NASDAQ:AMPG) last announced its 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). AmpliTech Group had a negative net margin of 24.82% and a negative return on equity of 17.50%. The business had revenue of $5.35 million during the quarter, compared to analysts’ expectations of $5.00 million.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AMPG. Maxim Group dropped their target price on AmpliTech Group from $9.00 to $7.00 and set a “buy” rating on the stock in a report on Monday, March 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AmpliTech Group in a report on Monday, April 20th. Finally, Wall Street Zen raised shares of AmpliTech Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, AmpliTech Group has an average rating of “Hold” and a consensus price target of $7.00.

Hedge Funds Weigh In On AmpliTech Group

A number of large investors have recently modified their holdings of the business. Virtu Financial LLC acquired a new stake in shares of AmpliTech Group in the 3rd quarter valued at approximately $57,000. Legato Capital Management LLC raised its position in AmpliTech Group by 26.8% in the fourth quarter. Legato Capital Management LLC now owns 20,675 shares of the company’s stock worth $62,000 after acquiring an additional 4,376 shares in the last quarter. Engineers Gate Manager LP purchased a new position in AmpliTech Group in the fourth quarter worth $62,000. Millennium Management LLC acquired a new stake in AmpliTech Group in the third quarter valued at $73,000. Finally, Squarepoint Ops LLC boosted its position in shares of AmpliTech Group by 54.3% during the 3rd quarter. Squarepoint Ops LLC now owns 22,276 shares of the company’s stock worth $87,000 after purchasing an additional 7,837 shares in the last quarter. 10.99% of the stock is owned by hedge funds and other institutional investors.

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.