Insider Selling: Amprius Technologies (NYSE:AMPX) CTO Sells $306,901.54 in Stock

Amprius Technologies, Inc. (NYSE:AMPX) CTO Constantin Ionel Stefan sold 29,681 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $10.34, for a total transaction of $306,901.54. Following the transaction, the chief technology officer directly owned 771,629 shares in the company, valued at $7,978,643.86. The trade was a 3.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, May 27th, Constantin Ionel Stefan sold 3,208 shares of Amprius Technologies stock. The shares were sold at an average price of $17.19, for a total transaction of $55,145.52.

Amprius Technologies Stock Up 3.4%

Shares of NYSE:AMPX opened at $10.54 on Friday. The firm has a fifty day moving average of $11.41 and a two-hundred day moving average of $14.84. Amprius Technologies, Inc. has a 12-month low of $6.66 and a 12-month high of $24.23. The firm has a market capitalization of $1.49 billion, a P/E ratio of -36.36 and a beta of 2.33.

Wall Street Analyst Weigh In

AMPX has been the topic of several research reports. Wall Street Zen lowered Amprius Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. JonesTrading assumed coverage on Amprius Technologies in a report on Friday, July 10th. They set a “buy” rating and a $30.00 price target for the company. Northland Securities set a $24.00 price objective on Amprius Technologies in a report on Monday, May 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a research report on Friday, July 17th. Finally, Zacks Research upgraded shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Amprius Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AMPX. TD Waterhouse Canada Inc. lifted its holdings in Amprius Technologies by 355.6% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock worth $29,000 after purchasing an additional 1,643 shares during the last quarter. Bank of America Corp DE raised its position in shares of Amprius Technologies by 31.1% in the fourth 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. Quarry LP bought a new position in shares of Amprius Technologies in the third quarter valued at approximately $42,000. Rhumbline Advisers lifted its stake in shares of Amprius Technologies by 61.1% in the first quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock worth $42,000 after buying an additional 5,951 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Amprius Technologies by 1,385.4% in 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 during the last quarter. 5.04% of the stock is owned by institutional investors.

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.