Amprius Technologies (NYSE:AMPX) CTO Sells $252,241.92 in Stock

Amprius Technologies, Inc. (NYSE:AMPX) CTO Constantin Ionel Stefan sold 25,024 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $10.08, for a total value of $252,241.92. Following the transaction, the chief technology officer directly owned 821,951 shares of the company’s stock, valued at approximately $8,285,266.08. This trade represents a 2.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Amprius Technologies Price Performance

Shares of NYSE AMPX traded down $0.06 during trading on Tuesday, reaching $10.74. 3,951,160 shares of the stock traded hands, compared to its average volume of 6,196,325. The stock has a market capitalization of $1.40 billion, a P/E ratio of -41.32 and a beta of 2.87. Amprius Technologies, Inc. has a 52-week low of $1.63 and a 52-week high of $16.03. The company has a 50-day moving average of $12.02 and a 200-day moving average of $7.88.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03. The company 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%. Analysts expect that Amprius Technologies, Inc. will post -0.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMPX has been the topic of a number of recent research reports. Roth Capital set a $14.00 price target on shares of Amprius Technologies and gave the company a “buy” rating in a research note on Wednesday, October 22nd. HC Wainwright restated a “buy” rating and set a $18.00 target price (up previously from $10.00) on shares of Amprius Technologies in a research report on Friday, August 8th. B. Riley lifted their price target on Amprius Technologies from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Northland Securities set a $20.00 price objective on Amprius Technologies in a report on Tuesday, October 7th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.29.

Hedge Funds Weigh In On Amprius Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its holdings in shares of Amprius Technologies by 31.1% during the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock valued at $36,000 after acquiring an additional 3,055 shares in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new position in Amprius Technologies during the 1st quarter valued at $40,000. Ameritas Investment Partners Inc. raised its holdings 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 worth $40,000 after purchasing an additional 9,072 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Amprius Technologies in the 2nd quarter worth about $42,000. Finally, Quarry LP purchased a new stake in shares of Amprius Technologies in the 3rd quarter worth about $42,000. 5.04% of the stock is owned by institutional investors.

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.