Constantin Ionel Stefan Sells 8,575 Shares of Amprius Technologies, Inc. (NYSE:AMPX) Stock

Amprius Technologies, Inc. (NYSE:AMPX) CTO Constantin Ionel Stefan sold 8,575 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total value of $16,807.00. Following the completion of the sale, the chief technology officer now owns 430,555 shares in the company, valued at $843,887.80. This trade represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Amprius Technologies Price Performance

NYSE AMPX opened at $1.94 on Friday. Amprius Technologies, Inc. has a 52 week low of $0.61 and a 52 week high of $6.02. The stock has a fifty day moving average of $1.41 and a 200-day moving average of $1.30.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. The firm had revenue of $7.86 million during the quarter, compared to analyst estimates of $7.70 million. During the same period last year, the company earned ($0.10) earnings per share. On average, sell-side analysts anticipate that Amprius Technologies, Inc. will post -0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Amprius Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in Amprius Technologies by 50.9% in the third quarter. Geode Capital Management LLC now owns 548,138 shares of the company’s stock valued at $608,000 after purchasing an additional 184,863 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Amprius Technologies by 124.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock worth $304,000 after buying an additional 152,102 shares during the period. AQR Capital Management LLC acquired a new position in shares of Amprius Technologies during the 2nd quarter worth about $99,000. XTX Topco Ltd bought a new stake in shares of Amprius Technologies in the 2nd quarter valued at about $72,000. Finally, State Street Corp raised its position in shares of Amprius Technologies by 4.7% in the 3rd 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 during the period. 5.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AMPX has been the topic of several analyst reports. Oppenheimer lowered their target price on shares of Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. HC Wainwright reissued a “buy” rating and issued a $10.00 target price on shares of Amprius Technologies in a report on Monday, November 11th. Northland Capmk raised Amprius Technologies to a “strong-buy” rating in a report on Wednesday, October 2nd. Roth Mkm cut their price objective on Amprius Technologies from $10.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Northland Securities decreased their target price on Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $8.17.

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.