Amprius Technologies (NYSE:AMPX) CTO Sells $130,664.38 in Stock

Amprius Technologies, Inc. (NYSE:AMPX) CTO Constantin Ionel Stefan sold 19,159 shares of Amprius Technologies stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $6.82, for a total value of $130,664.38. Following the transaction, the chief technology officer owned 846,975 shares of the company’s stock, valued at $5,776,369.50. This represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Amprius Technologies Price Performance

Shares of Amprius Technologies stock opened at $7.30 on Thursday. Amprius Technologies, Inc. has a 1 year low of $0.61 and a 1 year high of $9.66. The company has a market capitalization of $912.96 million, a P/E ratio of -22.12 and a beta of 2.72. The business has a 50 day moving average price of $6.56 and a 200 day moving average price of $4.01.

Amprius Technologies (NYSE:AMPX) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.03. Amprius Technologies had a negative return on equity of 55.79% and a negative net margin of 84.77%.The firm had revenue of $15.07 million during the quarter, compared to the consensus estimate of $12.38 million. As a group, research analysts expect that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Amprius Technologies

Several hedge funds have recently modified their holdings of AMPX. JPMorgan Chase & Co. raised its holdings in Amprius Technologies by 12,063.3% in the second quarter. JPMorgan Chase & Co. now owns 1,017,217 shares of the company’s stock valued at $4,282,000 after buying an additional 1,008,854 shares during the period. Geode Capital Management LLC raised its holdings in Amprius Technologies by 167.9% in the second quarter. Geode Capital Management LLC now owns 1,593,607 shares of the company’s stock valued at $6,710,000 after buying an additional 998,649 shares during the period. Essex Investment Management Co. LLC purchased a new position in Amprius Technologies in the first quarter valued at approximately $2,508,000. Millennium Management LLC purchased a new position in Amprius Technologies in the fourth quarter valued at approximately $2,009,000. Finally, Baird Financial Group Inc. purchased a new position in Amprius Technologies in the first quarter valued at approximately $1,341,000. 5.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AMPX shares. B. Riley raised their price target on shares of Amprius Technologies from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Cantor Fitzgerald raised their price target on shares of Amprius Technologies from $10.00 to $12.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. HC Wainwright reaffirmed a “buy” rating and set a $18.00 price target (up from $10.00) on shares of Amprius Technologies in a research note on Friday, August 8th. William Blair raised shares of Amprius Technologies from a “market perform” rating to an “outperform” rating in a research note on Friday, July 18th. Finally, Roth Capital reaffirmed a “buy” rating and set a $10.00 price target (up from $6.00) on shares of Amprius Technologies in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $11.71.

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.