Traders Purchase High Volume of Call Options on Amprius Technologies (NYSE:AMPX)

Amprius Technologies, Inc. (NYSE:AMPX) saw unusually large options trading on Thursday. Stock investors bought 22,391 call options on the stock. This is an increase of approximately 141% compared to the average daily volume of 9,288 call options.

Insider Activity at Amprius Technologies

In other news, CEO Kang Sun sold 1,000,000 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $10.60, for a total value of $10,600,000.00. Following the transaction, the chief executive officer owned 1,472,306 shares of the company’s stock, valued at $15,606,443.60. This represents a 40.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 sale, the chief technology officer directly owned 748,696 shares of the company’s stock, valued at $9,014,299.84. This represents a 39.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 3,359,641 shares of company stock worth $36,572,335. 12.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Stephens Investment Management Group LLC purchased a new position in shares of Amprius Technologies in the 3rd quarter worth about $11,392,000. Bessemer Group Inc. bought a new stake in Amprius Technologies during the 2nd quarter valued at about $174,000. Baird Financial Group Inc. raised its holdings 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 worth $4,213,000 after buying an additional 500,212 shares during the last quarter. Calamos Advisors LLC purchased a new position in Amprius Technologies in the third quarter worth about $1,799,000. Finally, Huntleigh Advisors Inc. purchased a new stake in shares of Amprius Technologies during the second quarter valued at approximately $614,000. 5.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AMPX. Needham & Company LLC started coverage on Amprius Technologies in a research report on Thursday. They issued a “buy” rating and a $20.00 price objective for the company. Northland Securities set a $20.00 target price on shares of Amprius Technologies in a research note on Tuesday, October 7th. Roth Mkm set a $14.00 price target on shares of Amprius Technologies and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, January 21st. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Amprius Technologies in a research note on Tuesday, December 23rd. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.57.

Amprius Technologies Stock Performance

Shares of NYSE:AMPX opened at $13.61 on Friday. The firm has a market capitalization of $1.78 billion, a P/E ratio of -52.35 and a beta of 3.04. The stock has a 50 day moving average price of $10.23 and a 200-day moving average price of $9.98. Amprius Technologies has a 52-week low of $1.70 and a 52-week high of $16.03.

Amprius Technologies (NYSE:AMPX) last issued its quarterly earnings results 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 company 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%. On average, equities analysts forecast that Amprius Technologies will post -0.45 EPS for the current fiscal year.

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.