Amprius Technologies (NYSE:AMPX) Stock Price Down 2.1% on Insider Selling

Amprius Technologies, Inc. (NYSE:AMPX)’s stock price was down 2.1% during trading on Thursday following insider selling activity. The stock traded as low as $10.11 and last traded at $10.1430. Approximately 8,704,247 shares changed hands during trading, an increase of 25% from the average daily volume of 6,959,119 shares. The stock had previously closed at $10.36.

Specifically, Director Kang Sun sold 506,267 shares of the stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $10.10, for a total value of $5,113,296.70. Following the completion of the sale, the director owned 1,403,651 shares in the company, valued at $14,176,875.10. This represents a 26.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Analysts Set New Price Targets

AMPX has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, October 8th. Cantor Fitzgerald raised their price target on Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Northland Securities set a $20.00 price target on Amprius Technologies in a research note on Tuesday, October 7th. Oppenheimer reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Amprius Technologies in a research report on Tuesday, December 23rd. Finally, Roth Capital set a $14.00 target price on shares of Amprius Technologies and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Seven investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.57.

Amprius Technologies Trading Down 2.1%

The stock has a fifty day simple moving average of $10.28 and a 200-day simple moving average of $9.53. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of -39.01 and a beta of 3.04.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.03. Amprius Technologies had a negative net margin of 53.16% and a negative return on equity of 38.85%. The business had revenue of $21.43 million for the quarter, compared to the consensus estimate of $16.45 million. Sell-side analysts forecast that Amprius Technologies, Inc. will post -0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Amprius Technologies

A number of institutional investors have recently added to or reduced their stakes in AMPX. Bank of America Corp DE grew its holdings in shares of Amprius Technologies by 31.1% during the 4th 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. Ameritas Investment Partners Inc. lifted its position in Amprius Technologies by 2,043.2% in the second quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock worth $40,000 after purchasing an additional 9,072 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Amprius Technologies during the second quarter worth $42,000. Quarry LP acquired a new position in shares of Amprius Technologies in the 3rd quarter valued at $42,000. Finally, Rhumbline Advisers raised its stake in shares of Amprius Technologies by 61.1% in the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock valued at $42,000 after buying an additional 5,951 shares in the last quarter. 5.04% of the stock is owned by institutional investors and hedge funds.

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.