Kang Sun Sells 506,267 Shares of Amprius Technologies (NYSE:AMPX) Stock

Amprius Technologies, Inc. (NYSE:AMPXGet Free Report) Director Kang Sun sold 506,267 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $10.10, for a total transaction of $5,113,296.70. Following the completion of the sale, the director directly owned 1,403,651 shares of the company’s stock, valued at $14,176,875.10. The trade was a 26.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

  • 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 transaction of $692,042.40.
  • On Monday, November 17th, Kang Sun sold 1,000,000 shares of Amprius Technologies stock. The shares were sold at an average price of $10.60, for a total transaction of $10,600,000.00.

Amprius Technologies Trading Down 2.1%

Shares of Amprius Technologies stock opened at $10.14 on Friday. The stock’s fifty day simple moving average is $10.25 and its 200 day simple moving average is $9.53. The company has a market capitalization of $1.32 billion, a PE ratio of -39.01 and a beta of 3.04. Amprius Technologies, Inc. has a 12 month low of $1.70 and a 12 month high of $16.03.

Amprius Technologies (NYSE:AMPXGet Free Report) last posted its earnings results on Thursday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $21.43 million during the quarter, compared to analysts’ expectations of $16.45 million. Amprius Technologies had a negative return on equity of 38.85% and a negative net margin of 53.16%. Analysts predict that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its position in shares of Amprius Technologies by 128.6% in the first quarter. Goldman Sachs Group Inc. now owns 244,646 shares of the company’s stock valued at $656,000 after acquiring an additional 137,640 shares during the last quarter. Bessemer Group Inc. acquired a new position in Amprius Technologies during the second quarter valued at approximately $174,000. Baird Financial Group Inc. grew its stake in Amprius Technologies by 99.9% in the second quarter. Baird Financial Group Inc. now owns 1,000,711 shares of the company’s stock valued at $4,213,000 after purchasing an additional 500,212 shares in the last quarter. Calamos Advisors LLC acquired a new position in shares of Amprius Technologies during the 3rd quarter worth approximately $1,799,000. Finally, Huntleigh Advisors Inc. bought a new stake in shares of Amprius Technologies during the 2nd quarter worth approximately $614,000. Institutional investors own 5.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AMPX shares. Oppenheimer reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Amprius Technologies in a research note on Tuesday, December 23rd. Weiss Ratings restated 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 shares of Amprius Technologies in a research report on Tuesday, October 7th. Cantor Fitzgerald increased their target price on Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Roth Capital set a $14.00 price target on Amprius Technologies and gave the company a “buy” rating in a report on Wednesday, October 22nd. Seven investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $14.57.

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About Amprius Technologies

(Get Free Report)

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.

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