Amprius Technologies (NYSE:AMPX) CTO Constantin Ionel Stefan Sells 25,024 Shares

Amprius Technologies, Inc. (NYSE:AMPX) CTO Constantin Ionel Stefan sold 25,024 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $10.08, for a total transaction of $252,241.92. Following the completion of the sale, the chief technology officer directly owned 821,951 shares of the company’s stock, valued at $8,285,266.08. The trade was a 2.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Amprius Technologies Stock Performance

Shares of Amprius Technologies stock opened at $10.74 on Wednesday. Amprius Technologies, Inc. has a 1 year low of $1.63 and a 1 year high of $16.03. The firm’s 50-day simple moving average is $12.02 and its 200-day simple moving average is $7.88. The firm has a market cap of $1.40 billion, a PE ratio of -41.32 and a beta of 2.87.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $16.45 million. On average, equities analysts predict that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Institutional Investors Weigh In On Amprius Technologies

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Amprius Technologies by 37.0% during the third 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 period. Invesco Ltd. lifted its position in Amprius Technologies by 113.3% in the 3rd 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 during the last quarter. BNP Paribas Financial Markets lifted its position in Amprius Technologies by 1,117.9% in the 3rd 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 during the last quarter. Voloridge Investment Management LLC acquired a new position in Amprius Technologies during the 3rd quarter valued at about $19,737,000. Finally, Two Sigma Investments LP grew its position in Amprius Technologies by 24.2% in the 3rd quarter. Two Sigma Investments LP now owns 1,753,577 shares of the company’s stock worth $18,448,000 after purchasing an additional 341,969 shares during the last quarter. 5.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AMPX shares. Cantor Fitzgerald boosted their price target on Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, October 8th. Roth Capital 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. HC Wainwright reaffirmed a “buy” rating and issued a $18.00 price target (up from $10.00) on shares of Amprius Technologies in a report on Friday, August 8th. Finally, Northland Securities set a $20.00 price objective on shares of Amprius Technologies in a research report on Tuesday, October 7th. Eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $14.29.

About Amprius Technologies

Amprius Technologies, Inc produces and sells ultra-high energy density lithium-ion batteries for mobility applications. The company offers silicon nanowire anode batteries. Its batteries are primarily used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites.