Amprius Technologies (NYSE:AMPX) Stock Price Up 8.1% - Here's What Happened

Key Points

• Amprius shares traded up 8.1% on Monday, reaching as high as $12.01 and last at $11.60 on volume of 10.4 million shares, about 29% above the average session volume.
• Wall Street sentiment is largely positive with eight Buy ratings versus one Sell and a consensus price target of $16.63, with individual targets as high as $20.
• Insiders have been net sellers—disposing of 2,392,269 shares valued at $26.38M in the past 90 days (including large sales by the CTO and a director)—even as institutional investors like Millennium and Goldman increased holdings; insiders still own 12.8% of the stock.

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report)'s stock price traded up 8.1% during trading on Monday . The company traded as high as $12.01 and last traded at $11.60. 10,414,673 shares changed hands during mid-day trading, an increase of 29% from the average session volume of 8,103,895 shares. The stock had previously closed at $10.73.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AMPX shares. Craig Hallum started coverage on Amprius Technologies in a research report on Monday, February 23rd. They set a "buy" rating and a $17.00 price target on the stock. Needham & Company LLC assumed 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. Oppenheimer reaffirmed an "outperform" rating and set a $17.00 price objective on shares of Amprius Technologies in a report on Tuesday, December 23rd. Cantor Fitzgerald boosted their price target on shares of Amprius Technologies from $12.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday, November 7th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Amprius Technologies in a research note on Wednesday, January 21st. Eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, Amprius Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $16.63.

Amprius Technologies Trading Up 8.1%

The stock has a fifty day simple moving average of $10.40 and a two-hundred day simple moving average of $10.52. The firm has a market cap of $1.51 billion, a PE ratio of -44.62 and a beta of 3.04.

Insider Activity at Amprius Technologies

In other news, CTO Constantin Ionel Stefan sold 492,827 shares of the business's stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $12.04, for a total transaction of $5,933,637.08. Following the completion of the transaction, the chief technology officer directly owned 748,696 shares in the company, valued at $9,014,299.84. The trade was a 39.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kang Sun sold 950,548 shares of the stock in a transaction on Friday, January 16th. The stock was sold at an average price of $11.07, for a total value of $10,522,566.36. Following the completion of the sale, the director owned 1,403,651 shares in the company, valued at $15,538,416.57. This trade represents a 40.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 2,392,269 shares of company stock valued at $26,384,359. 12.80% of the stock is owned by corporate insiders.

Institutional Trading of Amprius Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its holdings in shares of Amprius Technologies by 31.1% during the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company's stock worth $36,000 after purchasing an additional 3,055 shares in the last quarter. AQR Capital Management LLC lifted its position in Amprius Technologies by 86.7% during the first quarter. AQR Capital Management LLC now owns 77,764 shares of the company's stock valued at $208,000 after purchasing an additional 36,116 shares during the last quarter. Millennium Management LLC grew its stake in Amprius Technologies by 94.5% in the 1st quarter. Millennium Management LLC now owns 1,396,013 shares of the company's stock worth $3,741,000 after buying an additional 678,442 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Amprius Technologies by 128.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 244,646 shares of the company's stock worth $656,000 after buying an additional 137,640 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Amprius Technologies by 61.1% in the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company's stock worth $42,000 after buying an additional 5,951 shares during the last quarter. Hedge funds and other 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.

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