Amprius Technologies (NYSE:AMPX) Stock Price Down 2.1% Following Insider Selling

Shares of Amprius Technologies, Inc. (NYSE:AMPX) dropped 2.1% on Thursday following insider selling activity. The company traded as low as $10.11 and last traded at $10.1430. Approximately 8,704,247 shares were traded during trading, an increase of 25% from the average daily volume of 6,959,119 shares. The stock had previously closed at $10.36.

Specifically, Director Kang Sun sold 506,267 shares of the stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $10.10, for a total value of $5,113,296.70. Following the completion of the sale, the director owned 1,403,651 shares of the company’s stock, valued at approximately $14,176,875.10. This represents a 26.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Analyst Ratings Changes

Several analysts recently commented on the company. Oppenheimer reiterated an “outperform” rating and issued a $17.00 target price on shares of Amprius Technologies in a report on Tuesday, December 23rd. Northland Securities set a $20.00 price objective on shares of Amprius Technologies in a research note on Tuesday, October 7th. Roth Capital set a $14.00 price objective on shares of Amprius Technologies and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald upped their price target on shares of Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $14.57.

Amprius Technologies Price Performance

The firm has a market cap of $1.32 billion, a P/E ratio of -39.01 and a beta of 3.04. The firm’s 50-day moving average price is $10.28 and its 200 day moving average price is $9.53.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. Amprius Technologies had a negative net margin of 53.16% and a negative return on equity of 38.85%. The business had revenue of $21.43 million for the quarter, compared to analysts’ expectations of $16.45 million. Analysts forecast that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Institutional Trading of Amprius Technologies

Large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its position in shares of Amprius Technologies by 9.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 53,913 shares of the company’s stock worth $471,000 after purchasing an additional 4,809 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Amprius Technologies in the 4th quarter valued at approximately $2,014,000. Cambridge Financial Group LLC purchased a new position in Amprius Technologies during the 4th quarter worth approximately $78,000. Tudor Investment Corp ET AL acquired a new position in shares of Amprius Technologies in the 3rd quarter valued at about $7,530,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Amprius Technologies by 761.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 15,220 shares of the company’s stock worth $160,000 after purchasing an additional 13,454 shares in the last quarter. 5.04% of the stock is currently owned by institutional investors.

Amprius Technologies Company 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.