Amprius Technologies (NYSE:AMPX) CEO Thomas Stepien Sells 8,000 Shares

Amprius Technologies, Inc. (NYSE:AMPX) CEO Thomas Stepien sold 8,000 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $10.03, for a total transaction of $80,240.00. Following the completion of the sale, the chief executive officer owned 594,096 shares of the company’s stock, valued at approximately $5,958,782.88. The trade was a 1.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Amprius Technologies Stock Up 3.4%

Shares of AMPX opened at $10.20 on Wednesday. Amprius Technologies, Inc. has a 12-month low of $6.66 and a 12-month high of $24.23. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -35.16 and a beta of 2.33. The stock’s 50-day moving average price is $11.62 and its 200 day moving average price is $14.85.

Institutional Investors Weigh In On Amprius Technologies

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Amprius Technologies by 9.5% in the fourth quarter. Vanguard Group Inc. now owns 7,128,657 shares of the company’s stock valued at $56,245,000 after buying an additional 616,037 shares in the last quarter. Geode Capital Management LLC grew its stake in Amprius Technologies by 10.5% during the fourth quarter. Geode Capital Management LLC now owns 2,678,417 shares of the company’s stock worth $21,137,000 after buying an additional 253,529 shares during the last quarter. State Street Corp increased its holdings in shares of Amprius Technologies by 16.6% during the fourth quarter. State Street Corp now owns 2,553,710 shares of the company’s stock worth $20,149,000 after buying an additional 363,928 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Amprius Technologies by 113.3% during the third quarter. Invesco Ltd. now owns 2,379,384 shares of the company’s stock worth $25,031,000 after buying an additional 1,263,846 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Amprius Technologies by 23.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,194,841 shares of the company’s stock valued at $17,317,000 after acquiring an additional 410,724 shares during the last quarter. Institutional investors and hedge funds own 5.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMPX. Northland Securities set a $24.00 price objective on Amprius Technologies in a research report on Monday, May 11th. Zacks Research upgraded shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Clear Str began coverage on shares of Amprius Technologies in a report on Tuesday, June 2nd. They issued a “strong-buy” rating and a $33.00 price target on the stock. Roth Capital restated a “buy” rating on shares of Amprius Technologies in a research note on Friday, May 8th. Finally, Wall Street Zen downgraded shares of Amprius Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $23.00.

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.