Amprius Technologies (NYSE:AMPX) Director Kang Sun Sells 950,548 Shares

Amprius Technologies, Inc. (NYSE:AMPX) Director Kang Sun sold 950,548 shares of the firm’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $11.07, for a total value of $10,522,566.36. Following the sale, the director directly owned 1,403,651 shares of the company’s stock, valued at approximately $15,538,416.57. This represents a 40.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, January 20th, Kang Sun sold 43,185 shares of Amprius Technologies stock. The stock was sold at an average price of $11.03, for a total value of $476,330.55.
• On Monday, January 12th, Kang Sun sold 506,267 shares of Amprius Technologies stock. The shares were sold at an average price of $10.10, for a total value of $5,113,296.70.
• On Friday, November 21st, Kang Sun sold 68,655 shares of Amprius Technologies stock. The stock was sold at an average price of $10.08, for a total value of $692,042.40.
• On Monday, November 17th, Kang Sun sold 1,000,000 shares of Amprius Technologies stock. The stock was sold at an average price of $10.60, for a total transaction of $10,600,000.00.

Amprius Technologies Stock Up 0.9%

Shares of AMPX stock traded up $0.10 during trading hours on Tuesday, reaching $11.10. 10,166,860 shares of the stock traded hands, compared to its average volume of 7,526,921. The firm has a market capitalization of $1.45 billion, a PE ratio of -42.67 and a beta of 3.04. Amprius Technologies, Inc. has a 1-year low of $1.70 and a 1-year high of $16.03. The business has a fifty day moving average price of $10.17 and a 200 day moving average price of $9.70.

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

Institutional Trading of Amprius Technologies

Several large investors have recently added to or reduced their stakes in the business. Voloridge Investment Management LLC bought a new position in Amprius Technologies in the 3rd quarter worth $19,737,000. BNP Paribas Financial Markets grew its position in shares of Amprius Technologies by 1,117.9% in the third quarter. BNP Paribas Financial Markets now owns 1,943,905 shares of the company’s stock valued at $20,450,000 after purchasing an additional 1,784,291 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Amprius Technologies by 37.0% in the third 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 period. Invesco Ltd. lifted its position in shares of Amprius Technologies by 113.3% during the 3rd quarter. Invesco Ltd. now owns 2,379,384 shares of the company’s stock worth $25,031,000 after purchasing an additional 1,263,846 shares during the last quarter. Finally, Stephens Investment Management Group LLC acquired a new position in shares of Amprius Technologies during the 3rd quarter worth about $11,392,000. 5.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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.