Amprius Technologies (NYSE:AMPX) Trading Down 2.4% After Insider Selling

Shares of Amprius Technologies, Inc. (NYSE:AMPX) were down 2.4% during mid-day trading on Monday following insider selling activity. The company traded as low as $10.72 and last traded at $10.90. Approximately 5,305,860 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 7,824,201 shares. The stock had previously closed at $11.17.

Specifically, CTO Constantin Ionel Stefan sold 73,280 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $12.00, for a total transaction of $879,360.00. Following the sale, the chief technology officer directly owned 748,696 shares of the company’s stock, valued at approximately $8,984,352. This represents a 8.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Constantin Ionel Stefan sold 492,827 shares of Amprius Technologies stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $12.04, for a total transaction of $5,933,637.08. Following the completion of the transaction, the chief technology officer directly owned 748,696 shares of the company’s stock, valued at approximately $9,014,299.84. This represents a 39.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In other Amprius Technologies news, Director Kang Sun sold 950,548 shares of the stock in a transaction on Friday, January 16th. The shares were sold at an average price of $11.07, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Amprius Technologies in a report on Tuesday, December 23rd. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, January 21st. Northland Securities set a $20.00 target price on Amprius Technologies in a report on Tuesday, October 7th. Roth Mkm set a $14.00 price target on Amprius Technologies and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Cantor Fitzgerald boosted their price objective on Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Amprius Technologies Stock Down 2.4%

The firm’s 50 day simple moving average is $10.12 and its 200 day simple moving average is $9.90. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -41.92 and a beta of 3.04.

Amprius Technologies (NYSE:AMPX) last posted its earnings results on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, beating 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 return on equity of 38.85% and a negative net margin of 53.16%. Analysts anticipate that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Quarry LP acquired a new stake in Amprius Technologies in the third quarter worth about $42,000. Jones Financial Companies Lllp raised its position in shares of Amprius Technologies by 353.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock worth $50,000 after buying an additional 3,532 shares in the last quarter. Parallel Advisors LLC acquired a new stake in shares of Amprius Technologies in the 3rd quarter worth approximately $54,000. Geneos Wealth Management Inc. acquired a new stake in shares of Amprius Technologies in the 3rd quarter worth approximately $74,000. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of Amprius Technologies by 2,043.2% in the second quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock valued at $40,000 after acquiring an additional 9,072 shares in the last quarter. 5.04% of the stock is owned by institutional investors and hedge funds.

Amprius Technologies Company Profile

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.