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

Amprius Technologies, Inc. (NYSE:AMPX)’s stock price fell 2.4% during mid-day trading on Monday following insider selling activity. The stock traded as low as $10.72 and last traded at $10.90. 5,305,860 shares changed hands during trading, a decline of 32% from the average session volume of 7,824,201 shares. The stock had previously closed at $11.17.

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

Analysts Set New Price Targets

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

Amprius Technologies Trading Down 2.4%

The business has a fifty day moving average price of $10.11 and a two-hundred day moving average price of $9.87. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -41.92 and a beta of 3.04.

Amprius Technologies (NYSE:AMPX) last announced 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 firm had revenue of $21.43 million for the quarter, compared to the consensus estimate of $16.45 million. Amprius Technologies had a negative net margin of 53.16% and a negative return on equity of 38.85%. On average, analysts anticipate that Amprius Technologies, Inc. will post -0.45 EPS for the current year.

Hedge Funds Weigh In On Amprius Technologies

A number of hedge funds have recently modified their holdings of the stock. Stephens Investment Management Group LLC purchased a new stake in shares of Amprius Technologies during the 3rd quarter worth about $11,392,000. Bessemer Group Inc. acquired a new stake in shares of Amprius Technologies in the 2nd quarter valued at $174,000. Baird Financial Group Inc. boosted its holdings in Amprius Technologies by 99.9% in the second quarter. Baird Financial Group Inc. now owns 1,000,711 shares of the company’s stock worth $4,213,000 after purchasing an additional 500,212 shares in the last quarter. Calamos Advisors LLC acquired a new position in Amprius Technologies during the third quarter worth $1,799,000. Finally, Huntleigh Advisors Inc. acquired a new stake in shares of Amprius Technologies in the second quarter worth about $614,000. 5.04% of the stock is owned by institutional investors and hedge funds.

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.