Amprius Technologies (NYSE:AMPX) Director Kang Sun Sells 61,251 Shares

Amprius Technologies, Inc. (NYSE:AMPX) Director Kang Sun sold 61,251 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $10.16, for a total transaction of $622,310.16. Following the transaction, the director directly owned 1,342,400 shares in the company, valued at approximately $13,638,784. This represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Friday, January 16th, Kang Sun sold 950,548 shares of Amprius Technologies stock. The shares were sold at an average price of $11.07, for a total transaction of $10,522,566.36.
• On Tuesday, January 20th, Kang Sun sold 43,185 shares of Amprius Technologies stock. The stock was sold at an average price of $11.03, for a total transaction of $476,330.55.
• 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.

Amprius Technologies Trading Up 6.1%

Shares of AMPX stock opened at $10.82 on Wednesday. The stock has a market cap of $1.41 billion, a P/E ratio of -41.61 and a beta of 2.98. Amprius Technologies, Inc. has a 1 year low of $1.70 and a 1 year high of $16.03. The stock has a 50 day simple moving average of $10.27 and a 200 day simple moving average of $10.45.

Wall Street Analysts Forecast Growth

AMPX has been the subject of several recent analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Amprius Technologies in a research report on Tuesday, December 23rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, January 21st. Craig Hallum started coverage on shares of Amprius Technologies in a research report on Monday. They set a “buy” rating and a $17.00 price target on the stock. Cantor Fitzgerald boosted their price objective on shares of Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Finally, Needham & Company LLC assumed coverage on Amprius Technologies in a research note on Thursday, January 29th. They set a “buy” rating and a $20.00 target price for the company. Eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Amprius Technologies has an average rating of “Moderate Buy” and a consensus price target of $16.63.

Hedge Funds Weigh In On Amprius Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMPX. Stephens Investment Management Group LLC acquired a new stake in shares of Amprius Technologies during the 3rd quarter valued at $11,392,000. Bessemer Group Inc. bought a new position in Amprius Technologies in the second quarter valued at about $174,000. Baird Financial Group Inc. boosted its stake in shares of Amprius Technologies by 99.9% during the second quarter. Baird Financial Group Inc. now owns 1,000,711 shares of the company’s stock valued at $4,213,000 after purchasing an additional 500,212 shares in the last quarter. Calamos Advisors LLC bought a new stake in shares of Amprius Technologies during the third quarter worth about $1,799,000. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of Amprius Technologies in the third quarter valued at approximately $2,098,000. Institutional investors own 5.04% of the company’s stock.

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.