Amprius Technologies (NYSE:AMPX) CEO Kang Sun Sells 1,000,000 Shares of Stock

Amprius Technologies, Inc. (NYSE:AMPX) CEO Kang Sun sold 1,000,000 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $10.60, for a total transaction of $10,600,000.00. Following the transaction, the chief executive officer owned 1,472,306 shares in the company, valued at $15,606,443.60. The trade was a 40.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, August 21st, Kang Sun sold 65,654 shares of Amprius Technologies stock. The stock was sold at an average price of $6.82, for a total transaction of $447,760.28.

Amprius Technologies Stock Performance

NYSE:AMPX traded up $0.19 during midday trading on Wednesday, reaching $10.86. 4,855,057 shares of the stock traded hands, compared to its average volume of 6,192,782. The stock has a market capitalization of $1.42 billion, a P/E ratio of -41.78 and a beta of 2.87. The company has a fifty day moving average of $11.86 and a 200 day moving average of $7.62. Amprius Technologies, Inc. has a 12 month low of $1.63 and a 12 month high of $16.03.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Cantor Fitzgerald raised their price target on Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, November 7th. B. Riley upped their target price on shares of Amprius Technologies from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, October 8th. Northland Securities set a $20.00 price objective on Amprius Technologies in a research report on Tuesday, October 7th. Finally, Roth Capital set a $14.00 target price on Amprius Technologies and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Eight equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.29.

Institutional Investors Weigh In On Amprius Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised its position 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 valued at $36,000 after buying an additional 3,055 shares during the last quarter. Edmond DE Rothschild Holding S.A. purchased a new position in Amprius Technologies during the first quarter valued at $40,000. Ameritas Investment Partners Inc. increased its holdings in Amprius Technologies by 2,043.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock valued at $40,000 after acquiring an additional 9,072 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Amprius Technologies in the 2nd quarter worth $42,000. Finally, Quarry LP bought a new position in shares of Amprius Technologies during the 3rd quarter valued at about $42,000. 5.04% of the stock is owned by institutional investors.

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.