Insider Selling: 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 firm’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $11.03, for a total transaction of $476,330.55. Following the transaction, the director directly owned 1,403,651 shares of the company’s stock, valued at $15,482,270.53. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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 transaction 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 transaction of $10,600,000.00.

Amprius Technologies Price Performance

Amprius Technologies stock opened at $11.94 on Friday. The company has a market cap of $1.56 billion, a price-to-earnings ratio of -45.92 and a beta of 3.04. The firm has a 50-day moving average of $10.11 and a 200-day moving average of $9.77. Amprius Technologies, Inc. has a one year low of $1.70 and a one year high of $16.03.

Amprius Technologies (NYSE:AMPX) last released its earnings results on Thursday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $16.45 million. As a group, sell-side analysts expect that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AMPX. Victory Capital Management Inc. boosted its holdings 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 acquiring an additional 1,516 shares during the period. Focus Partners Wealth increased its stake in shares of Amprius Technologies by 9.3% during the third 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 period. 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 purchasing an additional 2,873 shares during the last quarter. Bank of America Corp DE boosted its stake 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 purchasing an additional 3,055 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings 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 in the last quarter. 5.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on AMPX. Cantor Fitzgerald raised their target price 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. Roth Mkm set a $14.00 price target on shares of Amprius Technologies and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Northland Securities set a $20.00 price objective on shares of Amprius Technologies in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, October 8th. Finally, Oppenheimer reiterated an “outperform” rating and set a $17.00 price target on shares of Amprius Technologies in a report on Tuesday, December 23rd. Six equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Amprius Technologies has an average rating of “Moderate Buy” and an average price target 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.