Amprius Technologies, Inc. (NYSE:AMPX) Insider Kang Sun Sells 19,973 Shares

Amprius Technologies, Inc. (NYSE:AMPX) insider Kang Sun sold 19,973 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $1.33, for a total value of $26,564.09. Following the completion of the transaction, the insider now directly owns 1,399,697 shares in the company, valued at $1,861,597.01. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Amprius Technologies Trading Up 2.5 %

AMPX stock traded up $0.04 during trading on Friday, reaching $1.44. The stock had a trading volume of 853,557 shares, compared to its average volume of 717,758. The company’s 50 day moving average is $2.03 and its two-hundred day moving average is $3.26. Amprius Technologies, Inc. has a one year low of $1.22 and a one year high of $10.63.

Amprius Technologies (NYSE:AMPX) last issued its earnings results on Thursday, May 9th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). Amprius Technologies had a negative return on equity of 59.58% and a negative net margin of 350.70%. The business had revenue of $2.34 million during the quarter, compared to the consensus estimate of $1.70 million. During the same quarter last year, the company earned ($0.11) EPS. Research analysts anticipate that Amprius Technologies, Inc. will post -0.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Amprius Technologies

A number of institutional investors have recently made changes to their positions in the business. Barclays PLC increased its position in Amprius Technologies by 2,623.0% during the 3rd quarter. Barclays PLC now owns 29,163 shares of the company’s stock valued at $140,000 after purchasing an additional 28,092 shares during the period. Pathstone Family Office LLC purchased a new stake in shares of Amprius Technologies during the third quarter valued at approximately $60,000. Kestra Advisory Services LLC bought a new stake in Amprius Technologies in the 3rd quarter worth about $484,000. Invesco Ltd. purchased a new stake in Amprius Technologies during the 3rd quarter valued at $8,006,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Amprius Technologies during the 3rd quarter valued at about $58,000. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Wall Street Analysts Forecast Growth

AMPX has been the subject of a number of recent analyst reports. Oppenheimer restated an “outperform” rating and issued a $15.00 price objective on shares of Amprius Technologies in a research report on Friday, March 22nd. B. Riley cut their target price on shares of Amprius Technologies from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. HC Wainwright restated a “buy” rating and set a $10.00 target price on shares of Amprius Technologies in a research report on Thursday, April 4th. Finally, Alliance Global Partners lowered their price objective on shares of Amprius Technologies from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, May 10th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Amprius Technologies currently has an average rating of “Moderate Buy” and an average price target of $10.00.

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.