Amprius Technologies (NYSE:AMPX) Director Sells $476,330.55 in Stock

Amprius Technologies, Inc. (NYSE:AMPX) Director Kang Sun sold 43,185 shares of the business’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $11.03, for a total transaction of $476,330.55. Following the transaction, the director owned 1,403,651 shares in the company, valued at approximately $15,482,270.53. This represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, January 16th, Kang Sun sold 950,548 shares of Amprius Technologies stock. The stock was sold at an average price of $11.07, for a total value of $10,522,566.36.
• On Monday, January 12th, Kang Sun sold 506,267 shares of Amprius Technologies stock. The shares were sold at an average price of $10.10, for a total transaction of $5,113,296.70.
• On Friday, November 21st, Kang Sun sold 68,655 shares of Amprius Technologies stock. The shares were sold at an average price of $10.08, for a total transaction of $692,042.40.
• On Monday, November 17th, Kang Sun sold 1,000,000 shares of Amprius Technologies stock. The stock was sold at an average price of $10.60, for a total value of $10,600,000.00.

Amprius Technologies Trading Up 0.9%

Amprius Technologies stock traded up $0.10 during trading hours on Tuesday, reaching $11.10. 10,166,860 shares of the company were exchanged, compared to its average volume of 7,526,921. Amprius Technologies, Inc. has a 12 month low of $1.70 and a 12 month high of $16.03. The stock has a 50-day moving average of $10.17 and a 200 day moving average of $9.70. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -42.67 and a beta of 3.04.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP acquired a new stake in Amprius Technologies during the 3rd quarter valued at $42,000. Jones Financial Companies Lllp grew its holdings in shares of Amprius Technologies by 353.2% during the third quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock worth $50,000 after purchasing an additional 3,532 shares during the last quarter. Parallel Advisors LLC bought a new stake in shares of Amprius Technologies during the third quarter worth $54,000. Geneos Wealth Management Inc. acquired a new stake in shares of Amprius Technologies in the third quarter valued at $74,000. Finally, Ameritas Investment Partners Inc. raised its holdings in shares of 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 during the last quarter. 5.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMPX has been the subject of a number of recent research reports. Roth Capital set a $14.00 price objective on shares of Amprius Technologies and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, October 8th. Oppenheimer restated an “outperform” rating and set a $17.00 price target on shares of Amprius Technologies in a research note on Tuesday, December 23rd. Cantor Fitzgerald upped their price objective on Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Finally, Northland Securities set a $20.00 target price on Amprius Technologies in a report on Tuesday, October 7th. Seven investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $14.57.

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.