Amprius Technologies, Inc. (NYSE:AMPX) CFO Sells $33,629.68 in Stock

Amprius Technologies, Inc. (NYSE:AMPX) CFO Sandra Wallach sold 17,158 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.96, for a total value of $33,629.68. Following the completion of the sale, the chief financial officer now owns 696,142 shares in the company, valued at $1,364,438.32. This represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Amprius Technologies Price Performance

AMPX traded down $0.04 during trading on Friday, hitting $1.94. 1,177,771 shares of the stock traded hands, compared to its average volume of 1,026,991. The firm has a market capitalization of $205.33 million, a P/E ratio of -4.31 and a beta of 2.42. Amprius Technologies, Inc. has a 12-month low of $0.61 and a 12-month high of $6.02. The firm has a 50-day moving average of $1.39 and a 200 day moving average of $1.30.

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

Institutional Investors Weigh In On Amprius Technologies

Several institutional investors and hedge funds have recently bought and sold shares of AMPX. B. Riley Wealth Advisors Inc. raised its holdings in shares of Amprius Technologies by 84.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock valued at $29,000 after acquiring an additional 10,300 shares in the last quarter. State Street Corp boosted its holdings in Amprius Technologies by 4.7% in the third quarter. State Street Corp now owns 286,390 shares of the company’s stock valued at $318,000 after acquiring an additional 12,900 shares in the last quarter. XTX Topco Ltd purchased a new position in Amprius Technologies during the 2nd quarter valued at $72,000. AQR Capital Management LLC purchased a new position in Amprius Technologies during the 2nd quarter valued at $99,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Amprius Technologies by 124.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock worth $304,000 after purchasing an additional 152,102 shares in the last quarter. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Wall Street Analyst Weigh In

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

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.