Amprius Technologies (NYSE:AMPX) CEO Sells $80,240.00 in Stock

Amprius Technologies, Inc. (NYSE:AMPX) CEO Thomas Stepien sold 8,000 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $10.03, for a total value of $80,240.00. Following the sale, the chief executive officer directly owned 594,096 shares in the company, valued at $5,958,782.88. This trade represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Amprius Technologies Stock Performance

NYSE AMPX opened at $10.54 on Friday. Amprius Technologies, Inc. has a one year low of $6.66 and a one year high of $24.23. The stock has a 50-day moving average of $11.41 and a 200 day moving average of $14.84. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of -36.36 and a beta of 2.33.

Analysts Set New Price Targets

A number of analysts have recently commented on AMPX shares. Wall Street Zen lowered shares of Amprius Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Zacks Research upgraded shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Clear Str assumed coverage on shares of Amprius Technologies in a report on Tuesday, June 2nd. They issued a “strong-buy” rating and a $33.00 target price on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a research report on Friday, July 17th. Finally, Northland Securities set a $24.00 target price on shares of Amprius Technologies in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AMPX. EWA LLC increased its position in shares of Amprius Technologies by 3.8% during the 4th quarter. EWA LLC now owns 19,958 shares of the company’s stock valued at $157,000 after purchasing an additional 723 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Amprius Technologies by 14.7% in the 3rd quarter. Victory Capital Management Inc. now owns 11,817 shares of the company’s stock worth $124,000 after purchasing an additional 1,516 shares during the period. Graham Capital Management L.P. boosted its holdings in shares of Amprius Technologies by 3.2% in the fourth quarter. Graham Capital Management L.P. now owns 49,596 shares of the company’s stock worth $391,000 after buying an additional 1,551 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Amprius Technologies by 5.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 33,280 shares of the company’s stock worth $263,000 after buying an additional 1,621 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in Amprius Technologies by 355.6% during the second quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock valued at $29,000 after buying an additional 1,643 shares during the period. 5.04% of the stock is 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.