Amprius Technologies (NYSE:AMPX) Shares Down 4.4% After Insider Selling

Amprius Technologies, Inc. (NYSE:AMPX)’s share price was down 4.4% during mid-day trading on Thursday following insider selling activity. The company traded as low as $10.29 and last traded at $10.33. Approximately 7,325,266 shares were traded during trading, an increase of 18% from the average daily volume of 6,197,985 shares. The stock had previously closed at $10.81.

Specifically, CEO Kang Sun sold 1,000,000 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $10.60, for a total transaction of $10,600,000.00. Following the completion of the transaction, the chief executive officer owned 1,472,306 shares of the company’s stock, valued at approximately $15,606,443.60. The trade was a 40.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Analyst Ratings Changes

AMPX has been the topic of a number of research analyst reports. Northland Securities set a $20.00 target price on Amprius Technologies in a report on Tuesday, October 7th. Roth Capital set a $14.00 price objective on shares of Amprius Technologies and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, October 8th. HC Wainwright reissued a “buy” rating and issued a $18.00 price target (up from $10.00) on shares of Amprius Technologies in a report on Friday, August 8th. Finally, B. Riley raised their price target on shares of Amprius Technologies from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $14.29.

Amprius Technologies Stock Performance

The firm has a 50 day moving average price of $11.86 and a two-hundred day moving average price of $7.62. The company has a market capitalization of $1.35 billion, a P/E ratio of -39.73 and a beta of 2.87.

Amprius Technologies (NYSE:AMPX) last posted its earnings results 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 the consensus estimate of $16.45 million. Amprius Technologies had a negative return on equity of 38.85% and a negative net margin of 53.16%. On average, equities analysts expect that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Amprius Technologies by 37.0% in the 3rd quarter. Vanguard Group Inc. now owns 6,512,620 shares of the company’s stock worth $68,513,000 after purchasing an additional 1,757,395 shares during the last quarter. Invesco Ltd. grew its stake in Amprius Technologies by 113.3% during the third quarter. Invesco Ltd. now owns 2,379,384 shares of the company’s stock worth $25,031,000 after buying an additional 1,263,846 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Amprius Technologies by 1,117.9% during the third quarter. BNP Paribas Financial Markets now owns 1,943,905 shares of the company’s stock worth $20,450,000 after buying an additional 1,784,291 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Amprius Technologies during the third quarter worth approximately $19,737,000. Finally, Two Sigma Investments LP raised its stake in shares of Amprius Technologies by 24.2% in the third quarter. Two Sigma Investments LP now owns 1,753,577 shares of the company’s stock valued at $18,448,000 after acquiring an additional 341,969 shares during the last quarter. 5.04% of the stock is owned by institutional investors.

Amprius Technologies Company Profile

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.