Traders Purchase Large Volume of Amprius Technologies Call Options (NYSE:AMPX)

Amprius Technologies, Inc. (NYSE:AMPX) was the target of some unusual options trading on Thursday. Stock traders purchased 22,391 call options on the company. This represents an increase of approximately 141% compared to the average daily volume of 9,288 call options.

Insider Buying and Selling

In other news, CEO Kang Sun sold 1,000,000 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $10.60, for a total transaction of $10,600,000.00. Following the completion of the transaction, the chief executive officer owned 1,472,306 shares in the company, valued at approximately $15,606,443.60. This represents a 40.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Constantin Ionel Stefan sold 492,827 shares of the company’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $12.04, for a total transaction of $5,933,637.08. Following the completion of the transaction, the chief technology officer owned 748,696 shares of the company’s stock, valued at approximately $9,014,299.84. This trade represents a 39.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,359,641 shares of company stock valued at $36,572,335 in the last 90 days. Insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

Hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. lifted its position in shares of Amprius Technologies by 14.7% during the third quarter. Victory Capital Management Inc. now owns 11,817 shares of the company’s stock worth $124,000 after purchasing an additional 1,516 shares in the last quarter. Focus Partners Wealth raised its position in Amprius Technologies by 9.3% in the 3rd quarter. Focus Partners Wealth now owns 26,484 shares of the company’s stock worth $276,000 after purchasing an additional 2,245 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Amprius Technologies by 17.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 19,134 shares of the company’s stock worth $81,000 after buying an additional 2,873 shares in the last quarter. Bank of America Corp DE boosted its position in 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 buying an additional 3,055 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Amprius Technologies by 353.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock valued at $50,000 after buying an additional 3,532 shares during the last quarter. Institutional investors and hedge funds own 5.04% of the company’s stock.

Analysts Set New Price Targets

AMPX has been the topic of several research reports. Northland Securities set a $20.00 price target on shares of Amprius Technologies in a research report on Tuesday, October 7th. Roth Mkm set a $14.00 target price on shares of Amprius Technologies and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Needham & Company LLC started coverage on shares of Amprius Technologies in a research note on Thursday. They set a “buy” rating and a $20.00 target price for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, January 21st. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Amprius Technologies in a report on Tuesday, December 23rd. Seven investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Amprius Technologies has an average rating of “Moderate Buy” and an average target price of $16.57.

Amprius Technologies Stock Performance

Shares of AMPX traded up $1.42 during trading hours on Thursday, hitting $13.40. 15,015,869 shares of the company were exchanged, compared to its average volume of 8,045,659. The company has a market cap of $1.75 billion, a PE ratio of -52.11 and a beta of 3.04. The firm’s 50 day moving average is $10.16 and its 200-day moving average is $9.95. Amprius Technologies has a 52 week low of $1.70 and a 52 week high of $16.03.

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

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.