Insider Selling: Amprius Technologies (NYSE:AMPX) CTO Sells 198,255 Shares of Stock

Amprius Technologies, Inc. (NYSE:AMPX) CTO Constantin Ionel Stefan sold 198,255 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $10.51, for a total value of $2,083,660.05. Following the sale, the chief technology officer owned 748,696 shares in the company, valued at $7,868,794.96. The trade was a 20.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Constantin Ionel Stefan also recently made the following trade(s):

• On Friday, November 21st, Constantin Ionel Stefan sold 25,024 shares of Amprius Technologies stock. The stock was sold at an average price of $10.08, for a total transaction of $252,241.92.

Amprius Technologies Stock Performance

AMPX stock traded down $0.87 during trading on Monday, hitting $10.05. The stock had a trading volume of 4,671,220 shares, compared to its average volume of 6,118,150. The company’s 50 day moving average price is $11.92 and its two-hundred day moving average price is $8.72. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -38.63 and a beta of 2.94. Amprius Technologies, Inc. has a 1-year low of $1.63 and a 1-year high of $16.03.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $21.43 million during the quarter, compared to analyst estimates of $16.45 million. Amprius Technologies had a negative return on equity of 38.85% and a negative net margin of 53.16%. As a group, sell-side analysts forecast that Amprius Technologies, Inc. will post -0.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on AMPX shares. Roth Capital set a $14.00 price objective on shares of Amprius Technologies and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Cantor Fitzgerald increased their price objective on shares of Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Northland Securities set a $20.00 price target on shares of Amprius Technologies in a research report on Tuesday, October 7th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $14.29.

Institutional Trading of Amprius Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in AMPX. Quarry LP purchased a new position in Amprius Technologies in the 3rd quarter worth about $42,000. Jones Financial Companies Lllp boosted 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 acquiring an additional 3,532 shares in the last quarter. Parallel Advisors LLC acquired a new stake in Amprius Technologies during the 3rd quarter valued at $54,000. Geneos Wealth Management Inc. bought a new stake in shares of Amprius Technologies in the 3rd quarter valued at approximately $74,000. Finally, Ameritas Investment Partners Inc. grew its stake 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 valued at $40,000 after buying an additional 9,072 shares during the last quarter. 5.04% of the stock is currently owned by institutional investors.

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.