Constantin Ionel Stefan Sells 1,600 Shares of Amprius Technologies (NYSE:AMPX) Stock

Amprius Technologies, Inc. (NYSE:AMPX) CTO Constantin Ionel Stefan sold 1,600 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $12.00, for a total value of $19,200.00. Following the completion of the sale, the chief technology officer owned 748,696 shares in the company, valued at $8,984,352. This represents a 0.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Constantin Ionel Stefan also recently made the following trade(s):

• On Wednesday, January 21st, Constantin Ionel Stefan sold 73,280 shares of Amprius Technologies stock. The stock was sold at an average price of $12.00, for a total value of $879,360.00.
• On Thursday, January 22nd, Constantin Ionel Stefan sold 492,827 shares of Amprius Technologies stock. The stock was sold at an average price of $12.04, for a total value of $5,933,637.08.
• On Thursday, December 11th, Constantin Ionel Stefan sold 198,255 shares of Amprius Technologies stock. The shares were sold at an average price of $10.51, for a total value of $2,083,660.05.
• On Friday, November 21st, Constantin Ionel Stefan sold 25,024 shares of Amprius Technologies stock. The shares were sold at an average price of $10.08, for a total value of $252,241.92.

Amprius Technologies Price Performance

AMPX stock traded down $0.78 during midday trading on Friday, reaching $11.17. 7,143,717 shares of the company were exchanged, compared to its average volume of 7,991,321. Amprius Technologies, Inc. has a one year low of $1.70 and a one year high of $16.03. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of -42.97 and a beta of 3.04. The business has a 50-day moving average price of $10.11 and a two-hundred day moving average price of $9.77.

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

Hedge Funds Weigh In On Amprius Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in shares of Amprius Technologies by 31.1% during the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock valued at $36,000 after acquiring an additional 3,055 shares during the period. Ameritas Investment Partners Inc. raised 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 purchasing an additional 9,072 shares in the last quarter. Quarry LP acquired a new position in Amprius Technologies in the third quarter valued at about $42,000. Rhumbline Advisers lifted its position in Amprius Technologies by 61.1% during the first quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock worth $42,000 after purchasing an additional 5,951 shares during the period. Finally, Legal & General Group Plc grew its stake 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. 5.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMPX has been the topic of several research reports. Northland Securities set a $20.00 target price on Amprius Technologies in a research report on Tuesday, October 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday. Oppenheimer reiterated an “outperform” rating and set a $17.00 price objective on shares of Amprius Technologies in a research report on Tuesday, December 23rd. Roth Mkm set a $14.00 target price on Amprius Technologies and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, Cantor Fitzgerald upped their price target on shares of 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 MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.00.

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.