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

Amprius Technologies, Inc. (NYSE:AMPX) Director Kang Sun sold 950,548 shares of the company’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $11.07, for a total transaction of $10,522,566.36. Following the completion of the transaction, the director owned 1,403,651 shares in the company, valued at approximately $15,538,416.57. This represents a 40.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through 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 shares were sold at an average price of $11.03, for a total transaction of $476,330.55.
• On Monday, January 12th, Kang Sun sold 506,267 shares of Amprius Technologies stock. The stock was sold at an average price of $10.10, for a total transaction of $5,113,296.70.
• On Friday, November 21st, Kang Sun sold 68,655 shares of Amprius Technologies stock. The shares were 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 value of $10,600,000.00.

Amprius Technologies Price Performance

Shares of NYSE:AMPX opened at $11.10 on Wednesday. The company has a market cap of $1.45 billion, a P/E 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 stock’s fifty day moving average price is $10.13 and its 200-day moving average price is $9.75.

Amprius Technologies (NYSE:AMPX) last released 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 company 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, sell-side analysts anticipate that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Analysts Set New Price Targets

AMPX has been the topic of several research reports. Northland Securities set a $20.00 target price on shares of Amprius Technologies in a report on Tuesday, October 7th. Cantor Fitzgerald raised their price target on Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Roth Capital set a $14.00 price objective on Amprius Technologies and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Oppenheimer reiterated an “outperform” rating and set a $17.00 price objective on shares of Amprius Technologies in a research report on Tuesday, December 23rd. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a research report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.57.

Institutional Trading of Amprius Technologies

Several hedge funds have recently bought and sold shares of AMPX. Bank of America Corp DE raised its stake in shares of Amprius Technologies by 31.1% in the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after buying an additional 3,055 shares during the period. 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 worth $40,000 after acquiring an additional 9,072 shares in the last quarter. Quarry LP bought a new stake in Amprius Technologies during the 3rd quarter worth approximately $42,000. Rhumbline Advisers lifted its holdings in Amprius Technologies by 61.1% during the first quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock valued at $42,000 after purchasing an additional 5,951 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Amprius Technologies by 1,385.4% during the second quarter. Legal & General Group Plc now owns 10,383 shares of the company’s stock valued at $44,000 after purchasing an additional 9,684 shares in the last quarter. Institutional investors own 5.04% of the company’s stock.

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.