Amprius Technologies, Inc. (NYSE:AMPX – Get Free Report) Director Kang Sun sold 67,796 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $14.79, for a total transaction of $1,002,702.84. Following the transaction, the director owned 1,280,854 shares in the company, valued at approximately $18,943,830.66. The trade was a 5.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Kang Sun also recently made the following trade(s):
- On Wednesday, April 1st, Kang Sun sold 1,500,000 shares of Amprius Technologies stock. The stock was sold at an average price of $15.91, for a total transaction of $23,865,000.00.
- On Monday, March 23rd, Kang Sun sold 217,869 shares of Amprius Technologies stock. The stock was sold at an average price of $18.80, for a total transaction of $4,095,937.20.
Amprius Technologies Stock Performance
NYSE:AMPX opened at $17.16 on Thursday. The firm’s 50-day moving average is $18.03 and its 200-day moving average is $13.66. Amprius Technologies, Inc. has a 52-week low of $2.55 and a 52-week high of $22.80. The company has a market cap of $2.43 billion, a price-to-earnings ratio of -57.19 and a beta of 2.20.
Institutional Trading of Amprius Technologies
Several hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC grew its stake in shares of Amprius Technologies by 35.2% during the first quarter. Janus Henderson Group PLC now owns 52,803 shares of the company’s stock valued at $889,000 after purchasing an additional 13,750 shares during the last quarter. Amundi grew its stake in shares of Amprius Technologies by 17.3% during the first quarter. Amundi now owns 164,589 shares of the company’s stock valued at $2,775,000 after purchasing an additional 24,283 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Amprius Technologies by 48.2% during the first quarter. California State Teachers Retirement System now owns 159,903 shares of the company’s stock valued at $2,696,000 after purchasing an additional 51,973 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Amprius Technologies by 10.9% during the first quarter. Royal Bank of Canada now owns 101,914 shares of the company’s stock valued at $1,718,000 after purchasing an additional 9,998 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Amprius Technologies by 76.7% during the first quarter. The Manufacturers Life Insurance Company now owns 58,790 shares of the company’s stock valued at $991,000 after purchasing an additional 25,510 shares during the last quarter. 5.04% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on AMPX shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a research note on Monday, April 20th. Roth Mkm reissued a “buy” rating on shares of Amprius Technologies in a research note on Friday, May 8th. Needham & Company LLC reissued a “buy” rating and issued a $20.00 target price on shares of Amprius Technologies in a research note on Tuesday, March 10th. Craig Hallum upped their target price on shares of Amprius Technologies from $17.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Finally, Northland Securities set a $24.00 target price on shares of Amprius Technologies in a research note on Monday, May 11th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.25.
Read Our Latest Stock Analysis on AMPX
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.
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