Insider Selling: Amprius Technologies (NYSE:AMPX) CTO Sells 492,827 Shares of Stock

Amprius Technologies, Inc. (NYSE:AMPX) CTO Constantin Ionel Stefan sold 492,827 shares of the firm’s stock in a transaction on 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 transaction, the chief technology officer directly owned 748,696 shares of the company’s stock, valued at approximately $9,014,299.84. This represents a 39.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, January 23rd, Constantin Ionel Stefan sold 1,600 shares of Amprius Technologies stock. The shares were sold at an average price of $12.00, for a total transaction of $19,200.00.
• 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, 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 stock was sold at an average price of $10.08, for a total value of $252,241.92.

Amprius Technologies Stock Down 6.5%

Shares of AMPX traded down $0.78 during mid-day trading on Friday, hitting $11.17. The stock had a trading volume of 7,143,717 shares, compared to its average volume of 7,991,321. The company has a market cap of $1.46 billion, a PE ratio of -42.97 and a beta of 3.04. The company’s fifty day simple moving average is $10.11 and its two-hundred day simple moving average is $9.77. Amprius Technologies, Inc. has a fifty-two week low of $1.70 and a fifty-two week high of $16.03.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate 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. Equities analysts expect that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Hedge Funds Weigh In On Amprius Technologies

Several hedge funds have recently modified their holdings of AMPX. Vanguard Group Inc. lifted its holdings in Amprius Technologies by 37.0% in the 3rd quarter. Vanguard Group Inc. now owns 6,512,620 shares of the company’s stock valued at $68,513,000 after acquiring an additional 1,757,395 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Amprius Technologies by 113.3% in the third quarter. Invesco Ltd. now owns 2,379,384 shares of the company’s stock valued at $25,031,000 after purchasing an additional 1,263,846 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Amprius Technologies by 1,117.9% in the third quarter. BNP Paribas Financial Markets now owns 1,943,905 shares of the company’s stock valued at $20,450,000 after purchasing an additional 1,784,291 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Amprius Technologies in the third quarter worth $19,737,000. Finally, Two Sigma Investments LP boosted its position in shares of Amprius Technologies by 24.2% in the third quarter. Two Sigma Investments LP now owns 1,753,577 shares of the company’s stock worth $18,448,000 after buying an additional 341,969 shares during the period. 5.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AMPX shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday. Roth Mkm set a $14.00 price objective on Amprius Technologies and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Oppenheimer reissued an “outperform” rating and set a $17.00 price target on shares of Amprius Technologies in a report on Tuesday, December 23rd. Northland Securities set a $20.00 price objective on shares of Amprius Technologies in a report on Tuesday, October 7th. Finally, Cantor Fitzgerald boosted 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. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Amprius Technologies presently has an average rating of “Moderate Buy” and an average price target of $16.00.

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.