Insider Selling: Amprius Technologies (NYSE:AMPX) CEO Sells $243,289.86 in Stock

Amprius Technologies, Inc. (NYSE:AMPX) CEO Thomas Stepien sold 23,529 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.34, for a total transaction of $243,289.86. Following the transaction, the chief executive officer directly owned 602,096 shares in the company, valued at approximately $6,225,672.64. The trade was a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a 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.

Amprius Technologies Stock Up 3.4%

Shares of NYSE AMPX opened at $10.54 on Friday. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of -36.36 and a beta of 2.33. The company’s 50-day simple moving average is $11.41 and its 200-day simple moving average is $14.84. Amprius Technologies, Inc. has a 52-week low of $6.66 and a 52-week high of $24.23.

Institutional Investors Weigh In On Amprius Technologies

A number of large investors have recently made changes to their positions in the stock. Voloridge Investment Management LLC acquired a new stake in shares of Amprius Technologies in the third quarter valued at approximately $19,737,000. California State Teachers Retirement System grew its holdings in Amprius Technologies by 1,124.4% in the 2nd quarter. California State Teachers Retirement System now owns 1,957,919 shares of the company’s stock valued at $27,137,000 after buying an additional 1,798,016 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of 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 worth $20,450,000 after acquiring an additional 1,784,291 shares during the last quarter. Norges Bank acquired a new stake in shares of Amprius Technologies in the 4th quarter worth $10,295,000. Finally, Invesco Ltd. raised its holdings in shares of Amprius Technologies by 113.3% during the 3rd quarter. Invesco Ltd. now owns 2,379,384 shares of the company’s stock worth $25,031,000 after acquiring an additional 1,263,846 shares during the period. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on AMPX. Clear Str started coverage on Amprius Technologies in a research note on Tuesday, June 2nd. They set a “strong-buy” rating and a $33.00 price objective for the company. JonesTrading started coverage on Amprius Technologies in a research note on Friday, July 10th. They issued a “buy” rating and a $30.00 price target on the stock. Roth Capital reiterated a “buy” rating on shares of Amprius Technologies in a research report on Friday, May 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a research note on Friday, July 17th. Finally, Zacks Research upgraded Amprius Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. One investment 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.00.

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.