Amprius Technologies (NYSE:AMPX) Director Sells $642,124.34 in Stock

Amprius Technologies, Inc. (NYSE:AMPX) Director Kang Sun sold 62,101 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.34, for a total transaction of $642,124.34. Following the transaction, the director owned 1,218,397 shares of the company’s stock, valued at approximately $12,598,224.98. This represents a 4.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, May 27th, Kang Sun sold 356 shares of Amprius Technologies stock. The shares were sold at an average price of $17.19, for a total transaction of $6,119.64.

Amprius Technologies Stock Up 3.4%

AMPX stock traded up $0.34 during mid-day trading on Tuesday, hitting $10.20. The company had a trading volume of 4,115,069 shares, compared to its average volume of 8,184,553. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -35.16 and a beta of 2.34. Amprius Technologies, Inc. has a 12-month low of $6.66 and a 12-month high of $24.23. The company has a 50-day moving average price of $11.72 and a 200 day moving average price of $14.87.

Hedge Funds Weigh In On Amprius Technologies

A number of institutional investors and hedge funds have recently modified their holdings of AMPX. Bank of America Corp DE increased 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 purchasing an additional 3,055 shares during the last quarter. AQR Capital Management LLC lifted 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 buying an additional 36,116 shares during the last quarter. Millennium Management LLC boosted 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 buying an additional 678,442 shares during the period. Goldman Sachs Group Inc. boosted 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 buying an additional 137,640 shares during the period. Finally, Rhumbline Advisers increased its position in Amprius Technologies by 61.1% during the first quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock valued at $42,000 after acquiring an additional 5,951 shares during the last quarter. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JonesTrading initiated coverage on Amprius Technologies in a research note on Friday, July 10th. They set a “buy” rating and a $30.00 price target for the company. Roth Capital reaffirmed a “buy” rating on shares of Amprius Technologies in a report on Friday, May 8th. Wall Street Zen downgraded Amprius Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Clear Str assumed coverage on shares of Amprius Technologies in a report on Tuesday, June 2nd. They issued a “strong-buy” rating and a $33.00 target price for the company. Finally, Northland Securities set a $24.00 price target on shares of Amprius Technologies in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

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.