Kang Sun Sells 1,000,000 Shares of Amprius Technologies (NYSE:AMPX) Stock

Amprius Technologies, Inc. (NYSE:AMPX) CEO Kang Sun sold 1,000,000 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $10.60, for a total value of $10,600,000.00. Following the sale, the chief executive officer owned 1,472,306 shares of the company’s stock, valued at approximately $15,606,443.60. This represents a 40.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Kang Sun also recently made the following trade(s):

• On Thursday, August 21st, Kang Sun sold 65,654 shares of Amprius Technologies stock. The stock was sold at an average price of $6.82, for a total value of $447,760.28.

Amprius Technologies Price Performance

Shares of NYSE AMPX opened at $10.33 on Friday. Amprius Technologies, Inc. has a 1-year low of $1.63 and a 1-year high of $16.03. The business has a fifty day moving average price of $11.90 and a 200 day moving average price of $7.63. The stock has a market capitalization of $1.35 billion, a P/E ratio of -39.73 and a beta of 2.87.

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

Hedge Funds Weigh In On Amprius Technologies

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE lifted its position in Amprius Technologies by 31.1% during the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after acquiring an additional 3,055 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Amprius Technologies in the first quarter worth about $40,000. Ameritas Investment Partners Inc. lifted its holdings in shares of Amprius Technologies by 2,043.2% during the second quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock worth $40,000 after purchasing an additional 9,072 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Amprius Technologies in the second quarter valued at approximately $42,000. Finally, Quarry LP purchased a new stake in Amprius Technologies in the third quarter valued at approximately $42,000. 5.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AMPX shares. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, October 8th. Northland Securities set a $20.00 price objective on Amprius Technologies in a report on Tuesday, October 7th. B. Riley raised their price objective on Amprius Technologies from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Roth Capital set a $14.00 target price on Amprius Technologies and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, HC Wainwright reiterated a “buy” rating and issued a $18.00 price target (up from $10.00) on shares of Amprius Technologies in a research note on Friday, August 8th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Amprius Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $14.29.

About Amprius Technologies

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.