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

Amprius Technologies, Inc. (NYSE:AMPX) Director Kang Sun sold 62,101 shares of Amprius Technologies 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 sale, the director owned 1,218,397 shares in the company, valued at $12,598,224.98. This represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Trading Up 3.4%

Shares of Amprius Technologies stock opened at $10.20 on Wednesday. The firm has a market capitalization of $1.44 billion, a P/E ratio of -35.16 and a beta of 2.33. The business has a fifty day simple moving average of $11.62 and a two-hundred day simple moving average of $14.85. Amprius Technologies, Inc. has a 12 month low of $6.66 and a 12 month high of $24.23.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMPX. Roth Capital reaffirmed a “buy” rating on shares of Amprius Technologies in a research report on Friday, May 8th. JonesTrading initiated coverage on Amprius Technologies in a report on Friday, July 10th. They issued a “buy” rating and a $30.00 price target on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a research report on Friday, July 17th. Zacks Research upgraded shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Wall Street Zen lowered shares of Amprius Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. One 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Institutional Trading of Amprius Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE grew its stake in shares of Amprius Technologies by 31.1% during the fourth 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 during the last quarter. AQR Capital Management LLC raised its position 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 purchasing an additional 36,116 shares during the last quarter. Millennium Management LLC raised its position 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 purchasing an additional 678,442 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake 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 in the last quarter. Finally, Rhumbline Advisers boosted its stake 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 in the last quarter. Hedge funds and other institutional investors own 5.04% of the company’s stock.

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.