Insider Selling: Amprius Technologies (NYSE:AMPX) CEO Sells $80,240.00 in Stock

Amprius Technologies, Inc. (NYSE:AMPX) CEO Thomas Stepien sold 8,000 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $10.03, for a total transaction of $80,240.00. Following the completion of the transaction, the chief executive officer owned 594,096 shares in the company, valued at approximately $5,958,782.88. This trade represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Amprius Technologies Trading Up 3.4%

Shares of Amprius Technologies stock traded up $0.34 during mid-day trading on Tuesday, hitting $10.20. 4,115,069 shares of the stock were exchanged, compared to its average volume of 8,184,553. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -35.16 and a beta of 2.34. Amprius Technologies, Inc. has a twelve month low of $6.66 and a twelve month high of $24.23. The company has a 50-day simple moving average of $11.72 and a 200 day simple moving average of $14.87.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Zacks Research raised Amprius Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Clear Str started coverage on Amprius Technologies in a research note on Tuesday, June 2nd. They issued a “strong-buy” rating and a $33.00 target price for the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a research report on Friday, July 17th. Northland Securities set a $24.00 target price on Amprius Technologies in a research report on Monday, May 11th. Finally, Roth Capital restated a “buy” rating on shares of Amprius Technologies in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $23.00.

Institutional Investors Weigh In On Amprius Technologies

Several institutional investors have recently bought and sold shares of AMPX. EWA LLC increased its position in shares of Amprius Technologies by 3.8% in the fourth quarter. EWA LLC now owns 19,958 shares of the company’s stock worth $157,000 after acquiring an additional 723 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Amprius Technologies by 14.7% in the third quarter. Victory Capital Management Inc. now owns 11,817 shares of the company’s stock valued at $124,000 after buying an additional 1,516 shares in the last quarter. Graham Capital Management L.P. raised its holdings in shares of Amprius Technologies by 3.2% during the 4th quarter. Graham Capital Management L.P. now owns 49,596 shares of the company’s stock valued at $391,000 after buying an additional 1,551 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Amprius Technologies by 5.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 33,280 shares of the company’s stock valued at $263,000 after buying an additional 1,621 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its position in Amprius Technologies by 355.6% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock worth $29,000 after acquiring an additional 1,643 shares in the last quarter. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

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.