Amprius Technologies (NYSE:AMPX) Shares Down 2.4% on Insider Selling

Shares of Amprius Technologies, Inc. (NYSE:AMPX) were down 2.4% on Monday following insider selling activity. The stock traded as low as $10.72 and last traded at $10.90. Approximately 5,305,860 shares were traded during trading, a decline of 32% from the average daily volume of 7,824,201 shares. The stock had previously closed at $11.17.

Specifically, CTO Constantin Ionel Stefan sold 73,280 shares of Amprius Technologies stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $12.00, for a total value of $879,360.00. Following the completion of the sale, the chief technology officer directly owned 748,696 shares of the company’s stock, valued at approximately $8,984,352. This trade represents a 8.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Constantin Ionel Stefan sold 492,827 shares of the company’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $12.04, for a total value of $5,933,637.08. Following the transaction, the chief technology officer directly owned 748,696 shares in the company, valued at $9,014,299.84. This trade represents a 39.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In related news, Director Kang Sun sold 950,548 shares of Amprius Technologies stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $11.07, for a total value of $10,522,566.36. Following the completion of the sale, the director directly owned 1,403,651 shares in the company, valued at $15,538,416.57. This trade represents a 40.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Northland Securities set a $20.00 target price on shares of Amprius Technologies in a research report on Tuesday, October 7th. Oppenheimer restated an “outperform” rating and issued a $17.00 price objective on shares of Amprius Technologies in a report on Tuesday, December 23rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, January 21st. Roth Mkm set a $14.00 target price on shares of Amprius Technologies and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Cantor Fitzgerald increased their price target on Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Amprius Technologies Stock Up 6.2%

The company’s fifty day simple moving average is $10.14 and its two-hundred day simple moving average is $9.94. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of -44.52 and a beta of 3.04.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The business had revenue of $21.43 million during the quarter, compared to analysts’ expectations of $16.45 million. Amprius Technologies had a negative net margin of 53.16% and a negative return on equity of 38.85%. Equities research analysts expect that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Institutional Investors Weigh In On Amprius Technologies

A number of hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its position in shares of Amprius Technologies by 31.1% in 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 period. Ameritas Investment Partners Inc. lifted its stake in Amprius Technologies by 2,043.2% in the second quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock valued at $40,000 after buying an additional 9,072 shares in the last quarter. Quarry LP bought a new position in Amprius Technologies in the third quarter valued at approximately $42,000. Rhumbline Advisers boosted its holdings 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 increased its position in shares of 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 acquiring an additional 9,684 shares in the last quarter. Institutional investors and hedge funds own 5.04% of the company’s stock.

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.