Kang Sun Sells 61,251 Shares of Amprius Technologies (NYSE:AMPX) Stock

Amprius Technologies, Inc. (NYSE:AMPX) Director Kang Sun sold 61,251 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $10.16, for a total transaction of $622,310.16. Following the completion of the transaction, the director owned 1,342,400 shares in the company, valued at approximately $13,638,784. The trade was a 4.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, January 16th, Kang Sun sold 950,548 shares of Amprius Technologies stock. The stock was sold at an average price of $11.07, for a total transaction of $10,522,566.36.
• On Tuesday, January 20th, Kang Sun sold 43,185 shares of Amprius Technologies stock. The shares were sold at an average price of $11.03, for a total value of $476,330.55.
• On Monday, January 12th, Kang Sun sold 506,267 shares of Amprius Technologies stock. The shares were sold at an average price of $10.10, for a total value of $5,113,296.70.

Amprius Technologies Stock Performance

Shares of Amprius Technologies stock traded up $0.62 during trading hours on Tuesday, reaching $10.82. The company’s stock had a trading volume of 6,076,578 shares, compared to its average volume of 8,098,249. The stock’s fifty day simple moving average is $10.26 and its two-hundred day simple moving average is $10.43. The company has a market capitalization of $1.41 billion, a P/E ratio of -41.61 and a beta of 2.98. Amprius Technologies, Inc. has a one year low of $1.70 and a one year high of $16.03.

Wall Street Analysts Forecast Growth

AMPX has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, January 21st. Oppenheimer reissued an “outperform” rating and set a $17.00 target price on shares of Amprius Technologies in a research report on Tuesday, December 23rd. Craig Hallum started coverage on shares of Amprius Technologies in a research note on Monday. They set a “buy” rating and a $17.00 price target for the company. Needham & Company LLC initiated coverage on Amprius Technologies in a research note on Thursday, January 29th. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, Cantor Fitzgerald raised their target price on Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Eight analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $16.63.

Institutional Investors Weigh In On Amprius Technologies

Several large investors have recently added to or reduced their stakes in the business. Quarry LP bought a new position in shares of Amprius Technologies in the 3rd quarter worth $42,000. Jones Financial Companies Lllp lifted its holdings in shares of Amprius Technologies by 353.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock worth $50,000 after acquiring an additional 3,532 shares during the last quarter. Parallel Advisors LLC purchased a new position in Amprius Technologies in the third quarter worth $54,000. Leonteq Securities AG bought a new position in Amprius Technologies in the fourth quarter valued at $47,000. Finally, Summit Securities Group LLC purchased a new stake in Amprius Technologies during the fourth quarter valued at about $54,000. Institutional investors own 5.04% of the company’s stock.

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.