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

Amprius Technologies, Inc. (NYSE:AMPX) CEO Thomas Stepien sold 23,529 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $6,225,672.64. This trade represents a 3.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Amprius Technologies Stock Up 3.4%

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

Analyst Ratings Changes

Several brokerages have recently commented on AMPX. Roth Capital reiterated a “buy” rating on shares of Amprius Technologies in a research note on Friday, May 8th. Zacks Research upgraded shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Friday, July 17th. JonesTrading started coverage on shares of Amprius Technologies in a report on Friday, July 10th. They issued a “buy” rating and a $30.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Amprius Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Institutional Investors Weigh In On Amprius Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. EWA LLC increased its stake in shares of Amprius Technologies by 3.8% in the fourth quarter. EWA LLC now owns 19,958 shares of the company’s stock valued at $157,000 after buying an additional 723 shares during the period. Victory Capital Management Inc. increased its holdings in Amprius Technologies by 14.7% in the third quarter. Victory Capital Management Inc. now owns 11,817 shares of the company’s stock valued at $124,000 after purchasing an additional 1,516 shares during the period. Graham Capital Management L.P. raised its position in Amprius Technologies by 3.2% during the 4th quarter. Graham Capital Management L.P. now owns 49,596 shares of the company’s stock worth $391,000 after purchasing an additional 1,551 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Amprius Technologies by 5.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 33,280 shares of the company’s stock valued at $263,000 after buying an additional 1,621 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its holdings in Amprius Technologies by 355.6% in the second quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock valued at $29,000 after acquiring an additional 1,643 shares during 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.