Thomas Stepien Sells 8,000 Shares of Amprius Technologies (NYSE:AMPX) Stock

Amprius Technologies, Inc. (NYSE:AMPX) CEO Thomas Stepien sold 8,000 shares of Amprius Technologies 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 of the company’s stock, valued at approximately $5,958,782.88. The trade was a 1.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Amprius Technologies Price Performance

Shares of NYSE AMPX opened at $10.19 on Thursday. Amprius Technologies, Inc. has a one year low of $6.66 and a one year high of $24.23. The business’s 50-day moving average price is $11.52 and its two-hundred day moving average price is $14.85. The company has a market capitalization of $1.44 billion, a P/E ratio of -35.14 and a beta of 2.33.

Analysts Set New Price Targets

AMPX has been the subject of several recent research reports. Clear Str initiated coverage on Amprius Technologies in a research note on Tuesday, June 2nd. They issued a “strong-buy” rating and a $33.00 price target for the company. Wall Street Zen lowered shares of Amprius Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Friday, July 17th. JonesTrading started coverage on shares of Amprius Technologies in a research report on Friday, July 10th. They issued a “buy” rating and a $30.00 target price for the company. Finally, Northland Securities set a $24.00 price target on shares of Amprius Technologies in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $23.00.

Institutional Trading of Amprius Technologies

Large investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake 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 acquiring an additional 3,055 shares in the last quarter. AQR Capital Management LLC raised its stake 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 acquiring an additional 36,116 shares in the last quarter. Millennium Management LLC lifted its holdings in Amprius Technologies by 94.5% in the 1st quarter. Millennium Management LLC now owns 1,396,013 shares of the company’s stock worth $3,741,000 after purchasing an additional 678,442 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in 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 purchasing an additional 137,640 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Amprius Technologies by 61.1% in the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock worth $42,000 after purchasing an additional 5,951 shares during the last quarter. 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.