Amprius Technologies (NYSE:AMPX) CTO Constantin Ionel Stefan Sells 25,366 Shares of Stock

Amprius Technologies, Inc. (NYSE:AMPX) CTO Constantin Ionel Stefan sold 25,366 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $10.16, for a total value of $257,718.56. Following the sale, the chief technology officer owned 723,330 shares of the company’s stock, valued at approximately $7,349,032.80. This trade represents a 3.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Constantin Ionel Stefan also recently made the following trade(s):

• On Wednesday, January 28th, Constantin Ionel Stefan sold 39,690 shares of Amprius Technologies stock. The shares were sold at an average price of $12.00, for a total value of $476,280.00.
• On Friday, January 23rd, Constantin Ionel Stefan sold 1,600 shares of Amprius Technologies stock. The stock was sold at an average price of $12.00, for a total value of $19,200.00.
• On Wednesday, January 21st, Constantin Ionel Stefan sold 73,280 shares of Amprius Technologies stock. The stock was sold at an average price of $12.00, for a total value of $879,360.00.
• On Thursday, January 22nd, Constantin Ionel Stefan sold 492,827 shares of Amprius Technologies stock. The shares were sold at an average price of $12.04, for a total value of $5,933,637.08.
• On Thursday, December 11th, Constantin Ionel Stefan sold 198,255 shares of Amprius Technologies stock. The shares were sold at an average price of $10.51, for a total value of $2,083,660.05.

Amprius Technologies Stock Up 6.1%

Shares of AMPX opened at $10.82 on Wednesday. Amprius Technologies, Inc. has a 52-week low of $1.70 and a 52-week high of $16.03. The stock has a market cap of $1.41 billion, a PE ratio of -41.61 and a beta of 2.98. The firm’s fifty day moving average is $10.27 and its two-hundred day moving average is $10.45.

Institutional Trading of Amprius Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in AMPX. Bank of America Corp DE raised its position in shares of Amprius Technologies by 31.1% during the 4th 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 during the period. AQR Capital Management LLC grew its position in Amprius Technologies by 86.7% in the first quarter. AQR Capital Management LLC now owns 77,764 shares of the company’s stock worth $208,000 after acquiring an additional 36,116 shares during the period. Millennium Management LLC increased its stake in Amprius Technologies by 94.5% during the first quarter. Millennium Management LLC now owns 1,396,013 shares of the company’s stock worth $3,741,000 after acquiring an additional 678,442 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Amprius Technologies by 128.6% during the first quarter. Goldman Sachs Group Inc. now owns 244,646 shares of the company’s stock worth $656,000 after acquiring an additional 137,640 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Amprius Technologies by 61.1% in the first quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock valued at $42,000 after purchasing an additional 5,951 shares during the period. Institutional investors and hedge funds own 5.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Cantor Fitzgerald increased their price objective on shares of Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Needham & Company LLC started coverage on Amprius Technologies in a research report on Thursday, January 29th. They issued a “buy” rating and a $20.00 price target for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Amprius Technologies in a report on Tuesday, December 23rd. Craig Hallum assumed coverage on Amprius Technologies in a research report on Monday. They set a “buy” rating and a $17.00 price objective on the stock. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Amprius Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $16.63.

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.