Thomas Stepien Sells 23,529 Shares of Amprius Technologies (NYSE:AMPX) Stock

Amprius Technologies, Inc. (NYSE:AMPX) CEO Thomas Stepien sold 23,529 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.34, for a total transaction of $243,289.86. Following the completion of the transaction, the chief executive officer directly owned 602,096 shares in the company, valued at $6,225,672.64. The trade was a 3.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Amprius Technologies Stock Performance

Shares of AMPX stock opened at $10.19 on Thursday. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -35.14 and a beta of 2.33. The company has a 50-day simple moving average of $11.52 and a 200 day simple moving average of $14.85. Amprius Technologies, Inc. has a 52 week low of $6.66 and a 52 week high of $24.23.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Roth Capital restated a “buy” rating on shares of Amprius Technologies in a report on Friday, May 8th. JonesTrading initiated coverage on Amprius Technologies in a research note on Friday, July 10th. They set a “buy” rating and a $30.00 target price on the stock. Wall Street Zen cut Amprius Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Zacks Research upgraded Amprius Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, Clear Str began coverage on Amprius Technologies in a report on Tuesday, June 2nd. They issued a “strong-buy” rating and a $33.00 price objective on the stock. One equities 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

Institutional Trading of Amprius Technologies

A number of institutional investors have recently bought and sold shares of the business. TD Waterhouse Canada Inc. grew its position in shares of Amprius Technologies by 355.6% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock worth $29,000 after purchasing an additional 1,643 shares in the last quarter. Bank of America Corp DE raised its position in shares of 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. Quarry LP acquired a new stake in shares of Amprius Technologies in the third quarter valued at approximately $42,000. Rhumbline Advisers boosted its stake in shares of 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 buying an additional 5,951 shares during the period. Finally, Legal & General Group Plc grew its position in Amprius Technologies by 1,385.4% during the second quarter. Legal & General Group Plc now owns 10,383 shares of the company’s stock worth $44,000 after buying an additional 9,684 shares in the last quarter. Institutional investors own 5.04% of the company’s stock.

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.