Insider Selling: Amprius Technologies, Inc. (NYSE:AMPX) Insider Sells 18,170 Shares of Stock

Amprius Technologies, Inc. (NYSE:AMPX) insider Jonathan Bornstein sold 18,170 shares of Amprius Technologies stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total transaction of $35,613.20. Following the completion of the transaction, the insider now owns 454,131 shares in the company, valued at approximately $890,096.76. This trade represents a 3.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Amprius Technologies Price Performance

NYSE AMPX traded down $0.04 on Friday, reaching $1.94. The company had a trading volume of 1,177,771 shares, compared to its average volume of 1,026,991. Amprius Technologies, Inc. has a 1 year low of $0.61 and a 1 year high of $6.02. The firm has a 50-day moving average of $1.39 and a 200-day moving average of $1.30. The firm has a market capitalization of $205.33 million, a PE ratio of -4.38 and a beta of 2.42.

Amprius Technologies (NYSE:AMPX) last announced its earnings results on Thursday, November 7th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.01. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. The business had revenue of $7.86 million during the quarter, compared to the consensus estimate of $7.70 million. During the same period in the prior year, the firm earned ($0.10) earnings per share. As a group, sell-side analysts expect that Amprius Technologies, Inc. will post -0.44 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AMPX shares. Northland Capmk upgraded Amprius Technologies to a “strong-buy” rating in a report on Wednesday, October 2nd. Roth Mkm reduced their price objective on Amprius Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. HC Wainwright reissued a “buy” rating and set a $10.00 target price on shares of Amprius Technologies in a research report on Monday, November 11th. Oppenheimer reduced their price target on shares of Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Finally, Northland Securities dropped their price objective on shares of Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $8.17.

Institutional Trading of Amprius Technologies

Several large investors have recently modified their holdings of AMPX. XTX Topco Ltd acquired a new stake in Amprius Technologies in the second quarter valued at $72,000. B. Riley Wealth Advisors Inc. increased its position in shares of Amprius Technologies by 84.4% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock worth $29,000 after purchasing an additional 10,300 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of Amprius Technologies in the 2nd quarter valued at about $99,000. Geode Capital Management LLC lifted its position in shares of Amprius Technologies by 50.9% during the third quarter. Geode Capital Management LLC now owns 548,138 shares of the company’s stock worth $608,000 after purchasing an additional 184,863 shares during the last quarter. Finally, State Street Corp grew its stake in Amprius Technologies by 4.7% in the third quarter. State Street Corp now owns 286,390 shares of the company’s stock worth $318,000 after purchasing an additional 12,900 shares in the last quarter. 5.04% of the stock is currently owned by institutional investors and hedge funds.

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.