Kang Sun Sells 62,101 Shares of Amprius Technologies (NYSE:AMPX) Stock

Amprius Technologies, Inc. (NYSE:AMPX) Director Kang Sun sold 62,101 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $10.34, for a total value of $642,124.34. Following the completion of the sale, the director owned 1,218,397 shares of the company’s stock, valued at $12,598,224.98. The trade was a 4.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kang Sun also recently made the following trade(s):

• On Wednesday, May 27th, Kang Sun sold 356 shares of Amprius Technologies stock. The stock was sold at an average price of $17.19, for a total value of $6,119.64.

Amprius Technologies Stock Up 0.1%

Shares of NYSE AMPX opened at $10.19 on Thursday. The business has a fifty day simple moving average of $11.52 and a two-hundred day simple moving average of $14.85. The firm has a market cap of $1.44 billion, a PE ratio of -35.14 and a beta of 2.33. Amprius Technologies, Inc. has a twelve month low of $6.66 and a twelve month high of $24.23.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AMPX. JonesTrading began coverage on Amprius Technologies in a report on Friday, July 10th. They issued a “buy” rating and a $30.00 price objective for the company. Zacks Research upgraded shares of 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. Roth Capital restated a “buy” rating on shares of Amprius Technologies in a report on Friday, May 8th. Finally, Northland Securities set a $24.00 price target on shares of Amprius Technologies in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Amprius Technologies currently has an average rating of “Moderate Buy” and an average price target of $23.00.

Hedge Funds Weigh In On Amprius Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in Amprius Technologies by 31.1% in the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after purchasing an additional 3,055 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Amprius Technologies by 86.7% in the 1st quarter. AQR Capital Management LLC now owns 77,764 shares of the company’s stock valued at $208,000 after buying an additional 36,116 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Amprius Technologies by 94.5% in the 1st quarter. Millennium Management LLC now owns 1,396,013 shares of the company’s stock valued at $3,741,000 after buying an additional 678,442 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Amprius Technologies by 128.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 244,646 shares of the company’s stock worth $656,000 after buying an additional 137,640 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Amprius Technologies by 61.1% during the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock worth $42,000 after acquiring an additional 5,951 shares in the last quarter. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Amprius Technologies Company Profile

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.