Constantin Ionel Stefan Sells 29,681 Shares of Amprius Technologies (NYSE:AMPX) Stock

Amprius Technologies, Inc. (NYSE:AMPX) CTO Constantin Ionel Stefan sold 29,681 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.34, for a total value of $306,901.54. Following the completion of the sale, the chief technology officer owned 771,629 shares of the company’s stock, valued at $7,978,643.86. This represents a 3.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Constantin Ionel Stefan also recently made the following trade(s):

• On Wednesday, May 27th, Constantin Ionel Stefan sold 3,208 shares of Amprius Technologies stock. The stock was sold at an average price of $17.19, for a total value of $55,145.52.

Amprius Technologies Trading Up 0.1%

Shares of Amprius Technologies stock opened at $10.19 on Thursday. The stock’s fifty day moving average price is $11.52 and its 200-day moving average price is $14.85. The firm has a market cap of $1.44 billion, a P/E ratio of -35.14 and a beta of 2.33. Amprius Technologies, Inc. has a 12 month low of $6.66 and a 12 month high of $24.23.

Institutional Trading of Amprius Technologies

Several hedge funds have recently modified their holdings of the company. TD Waterhouse Canada Inc. boosted its holdings in shares of Amprius Technologies by 355.6% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock valued at $29,000 after buying an additional 1,643 shares in the last quarter. Bank of America Corp DE raised its stake in shares of 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 in the last quarter. Quarry LP purchased a new stake in Amprius Technologies during the third quarter valued at approximately $42,000. Rhumbline Advisers lifted its position in Amprius Technologies by 61.1% during the first quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock valued at $42,000 after acquiring an additional 5,951 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Amprius Technologies by 1,385.4% in the second quarter. Legal & General Group Plc now owns 10,383 shares of the company’s stock valued at $44,000 after acquiring an additional 9,684 shares in the last quarter. 5.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.