Amprius Technologies (NYSE:AMPX) Stock Price Down 4.4% After Insider Selling

Key Points

• CEO Kang Sun sold 1,000,000 shares at an average $10.60 (≈$10.6M), cutting his stake ~40.45%, and the stock fell about 4.4% intraday to ~$10.33 on above-average volume.
• Analysts remain broadly positive—eight Buy ratings vs. one Sell—with an average target of $14.29 and several recent target increases (e.g., Cantor Fitzgerald to $16, Northland to $20), indicating perceived upside.
• Amprius beat quarterly estimates (EPS -$0.03 vs. -$0.06; revenue $21.43M vs. $16.45M) but remains unprofitable with negative margins and ROE.

Shares of Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) fell 4.4% during mid-day trading on Thursday after an insider sold shares in the company. The stock traded as low as $10.29 and last traded at $10.33. 7,325,266 shares traded hands during mid-day trading, an increase of 18% from the average session volume of 6,197,985 shares. The stock had previously closed at $10.81.

Specifically, CEO Kang Sun sold 1,000,000 shares of Amprius Technologies stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $10.60, for a total transaction of $10,600,000.00. Following the transaction, the chief executive officer directly owned 1,472,306 shares in the company, valued at approximately $15,606,443.60. The trade was a 40.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. 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. Roth Capital set a $14.00 price objective on Amprius Technologies and gave the stock a "buy" rating in a research note on Wednesday, October 22nd. Northland Securities set a $20.00 target price on Amprius Technologies in a research note on Tuesday, October 7th. B. Riley upped their target price on Amprius Technologies from $10.00 to $11.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, HC Wainwright restated a "buy" rating and set a $18.00 price target (up from $10.00) on shares of Amprius Technologies in a report on Friday, August 8th. Eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Amprius Technologies currently has an average rating of "Moderate Buy" and an average target price of $14.29.

Amprius Technologies Trading Down 4.4%

The business's fifty day moving average price is $11.86 and its two-hundred day moving average price is $7.62. The firm has a market cap of $1.35 billion, a P/E ratio of -39.73 and a beta of 2.87.

Amprius Technologies (NYSE:AMPX - Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.03. Amprius Technologies had a negative net margin of 53.16% and a negative return on equity of 38.85%. The firm had revenue of $21.43 million for the quarter, compared to the consensus estimate of $16.45 million. Research analysts predict that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AMPX. Caitong International Asset Management Co. Ltd lifted its holdings in Amprius Technologies by 761.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 15,220 shares of the company's stock worth $160,000 after purchasing an additional 13,454 shares during the last quarter. Dark Forest Capital Management LP bought a new position in shares of Amprius Technologies in the third quarter valued at approximately $212,000. PharVision Advisers LLC acquired a new stake in shares of Amprius Technologies in the third quarter worth $279,000. XTX Topco Ltd boosted its holdings in shares of Amprius Technologies by 1,560.3% during the 3rd quarter. XTX Topco Ltd now owns 173,005 shares of the company's stock worth $1,820,000 after buying an additional 162,585 shares during the period. Finally, Voleon Capital Management LP acquired a new position in Amprius Technologies in the 3rd quarter valued at $352,000. 5.04% of the stock is owned by institutional investors.

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.

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