Investors Buy Large Volume of Call Options on Amprius Technologies (NYSE:AMPX)

Amprius Technologies, Inc. (NYSE:AMPX) was the target of unusually large options trading activity on Friday. Investors purchased 10,882 call options on the company. Thisrepresentsanincreaseofapproximately157% compared to the average daily volume of 4,235 call options.

Insider Buying and Selling

In related news, CFO Sandra Wallach sold 27,595 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $2.43, for a total transaction of $67,055.85. Following the completion of the sale, the chief financial officer owned 1,033,665 shares in the company, valued at $2,511,805.95. This trade represents a 2.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Constantin Ionel Stefan sold 20,366 shares of the business’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $2.43, for a total transaction of $49,489.38. Following the completion of the transaction, the chief technology officer directly owned 866,134 shares of the company’s stock, valued at approximately $2,104,705.62. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 117,747 shares of company stock worth $286,125 in the last quarter. 12.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Intech Investment Management LLC acquired a new position in Amprius Technologies during the second quarter valued at approximately $188,000. Creative Planning acquired a new position in Amprius Technologies during the second quarter valued at approximately $60,000. Foundations Investment Advisors LLC acquired a new position in Amprius Technologies during the second quarter valued at approximately $389,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Amprius Technologies during the second quarter valued at approximately $89,000. Finally, Geode Capital Management LLC grew its holdings in Amprius Technologies by 167.9% during the second quarter. Geode Capital Management LLC now owns 1,593,607 shares of the company’s stock valued at $6,710,000 after purchasing an additional 998,649 shares during the period. Institutional investors and hedge funds own 5.04% of the company’s stock.

Amprius Technologies Price Performance

Shares of NYSE:AMPX opened at $8.04 on Friday. Amprius Technologies has a one year low of $0.61 and a one year high of $9.66. The company has a 50 day moving average of $5.52 and a 200-day moving average of $3.65. The stock has a market cap of $948.16 million, a price-to-earnings ratio of -24.36 and a beta of 2.72.

Amprius Technologies (NYSE:AMPX) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. Amprius Technologies had a negative net margin of 84.77% and a negative return on equity of 58.22%. The company had revenue of $15.07 million during the quarter, compared to analysts’ expectations of $12.38 million. Equities research analysts anticipate that Amprius Technologies will post -0.45 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on AMPX shares. William Blair raised shares of Amprius Technologies from a “market perform” rating to an “outperform” rating in a research note on Friday, July 18th. B. Riley boosted 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. Cantor Fitzgerald boosted their target price on shares of Amprius Technologies from $10.00 to $12.00 and gave the stock an “overweight” rating in a research note on Friday. HC Wainwright boosted their target price on shares of Amprius Technologies from $10.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Roth Capital reaffirmed a “buy” rating and issued a $10.00 target price (up from $6.00) on shares of Amprius Technologies in a research note on Tuesday. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $11.71.

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.