Amprius Technologies (NYSE:AMPX) Director Sells $476,330.55 in Stock

Amprius Technologies, Inc. (NYSE:AMPX) Director Kang Sun sold 43,185 shares of the business’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $11.03, for a total value of $476,330.55. Following the sale, the director owned 1,403,651 shares of the company’s stock, valued at approximately $15,482,270.53. The trade was a 2.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Kang Sun also recently made the following trade(s):

• On Friday, January 16th, Kang Sun sold 950,548 shares of Amprius Technologies stock. The shares were sold at an average price of $11.07, for a total value of $10,522,566.36.
• On Monday, January 12th, Kang Sun sold 506,267 shares of Amprius Technologies stock. The stock was sold at an average price of $10.10, for a total value of $5,113,296.70.
• On Friday, November 21st, Kang Sun sold 68,655 shares of Amprius Technologies stock. The shares were sold at an average price of $10.08, for a total transaction of $692,042.40.
• On Monday, November 17th, Kang Sun sold 1,000,000 shares of Amprius Technologies stock. The shares were sold at an average price of $10.60, for a total transaction of $10,600,000.00.

Amprius Technologies Trading Up 0.9%

Shares of NYSE:AMPX traded up $0.10 during trading on Tuesday, hitting $11.10. 10,166,860 shares of the company’s stock were exchanged, compared to its average volume of 7,526,921. The firm has a market cap of $1.45 billion, a P/E ratio of -42.67 and a beta of 3.04. The firm has a 50-day moving average price of $10.17 and a two-hundred day moving average price of $9.70. Amprius Technologies, Inc. has a 1-year low of $1.70 and a 1-year high of $16.03.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $21.43 million for the quarter, compared to analysts’ expectations of $16.45 million. As a group, research analysts predict that Amprius Technologies, Inc. will post -0.45 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Trading of Amprius Technologies

Large investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in Amprius Technologies by 31.1% in the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock valued at $36,000 after buying an additional 3,055 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Amprius Technologies by 2,043.2% during the second quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock worth $40,000 after acquiring an additional 9,072 shares in the last quarter. Quarry LP acquired a new stake in shares of Amprius Technologies during the third quarter worth $42,000. Rhumbline Advisers lifted its position in Amprius Technologies by 61.1% in the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock valued at $42,000 after acquiring an additional 5,951 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Amprius Technologies by 1,385.4% in the 2nd quarter. Legal & General Group Plc now owns 10,383 shares of the company’s stock valued at $44,000 after acquiring an additional 9,684 shares in the last quarter. 5.04% of the stock is owned by institutional investors.

About Amprius Technologies

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.