Amprius Technologies (NYSE:AMPX) Shares Gap Up – Here’s What Happened

Amprius Technologies, Inc. (NYSE:AMPX)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $11.94, but opened at $12.91. Amprius Technologies shares last traded at $12.7320, with a volume of 1,966,128 shares changing hands.

Wall Street Analyst Weigh In

AMPX has been the topic of a number of recent research reports. JonesTrading assumed coverage on Amprius Technologies in a research report on Friday, July 10th. They issued a “buy” rating and a $30.00 target price for the company. Zacks Research upgraded Amprius Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a research report on Friday, July 17th. Wall Street Zen cut Amprius Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Clear Str initiated coverage on Amprius Technologies in a report on Tuesday, June 2nd. They issued a “strong-buy” rating and a $33.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Amprius Technologies Trading Up 8.0%

The stock has a market cap of $1.83 billion, a PE ratio of -44.30 and a beta of 2.33. The company’s 50 day moving average is $12.65 and its 200-day moving average is $14.96.

Insider Activity

In other news, Director Kang Sun sold 67,796 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $14.79, for a total transaction of $1,002,702.84. Following the completion of the sale, the director directly owned 1,280,854 shares in the company, valued at $18,943,830.66. This trade represents a 5.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Thomas M. Stepien sold 60,702 shares of Amprius Technologies stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $14.79, for a total value of $897,782.58. Following the sale, the chief executive officer directly owned 699,298 shares in the company, valued at approximately $10,342,617.42. The trade was a 7.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 310,144 shares of company stock valued at $5,049,997. Corporate insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of AMPX. Bank of America Corp DE raised its position in shares of 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 in the last quarter. Quarry LP acquired a new stake in shares of Amprius Technologies during the third quarter worth approximately $42,000. Rhumbline Advisers increased 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. Legal & General Group Plc increased 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. Finally, XTX Topco Ltd bought a new stake in shares of Amprius Technologies in the second quarter worth $44,000. 5.04% of the stock is currently owned by hedge funds and other 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.