Constantin Ionel Stefan Sells 19,159 Shares of Amprius Technologies (NYSE:AMPX) Stock

Key Points

• Constantin Ionel Stefan, CTO of Amprius Technologies, sold 19,159 shares of the company's stock for approximately $130,664, reducing his holdings by 2.21% to 846,975 shares valued at about $5.78 million.
• Amprius Technologies recently reported better-than-expected earnings, with an EPS of ($0.05) compared to the consensus estimate of ($0.08) and revenue of $15.07 million surpassing expectations.
• Several equities analysts have upgraded their ratings on AMPX shares, with HC Wainwright setting a new price target of $18.00, reflecting increased investor confidence.

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) CTO Constantin Ionel Stefan sold 19,159 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $6.82, for a total transaction of $130,664.38. Following the completion of the transaction, the chief technology officer owned 846,975 shares of the company's stock, valued at approximately $5,776,369.50. This trade represents a 2.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Amprius Technologies Stock Up 7.1%

Shares of NYSE AMPX traded up $0.51 during mid-day trading on Monday, hitting $7.68. The company had a trading volume of 6,284,845 shares, compared to its average volume of 8,006,897. The business's 50-day simple moving average is $6.41 and its 200 day simple moving average is $3.96. Amprius Technologies, Inc. has a 1-year low of $0.61 and a 1-year high of $9.66.

Amprius Technologies (NYSE:AMPX - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. Amprius Technologies had a negative return on equity of 55.79% and a negative net margin of 84.77%.The firm had revenue of $15.07 million during the quarter, compared to analysts' expectations of $12.38 million. As a group, equities analysts predict that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AMPX shares. HC Wainwright reissued a "buy" rating and set a $18.00 price objective (up from $10.00) on shares of Amprius Technologies in a research report on Friday, August 8th. William Blair upgraded shares of Amprius Technologies from a "market perform" rating to an "outperform" rating in a report on Friday, July 18th. Roth Capital reissued a "buy" rating and issued a $10.00 price objective (up from $6.00) on shares of Amprius Technologies in a research report on Tuesday, August 5th. Cantor Fitzgerald lifted their price objective on shares of Amprius Technologies from $10.00 to $12.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Finally, B. Riley boosted their target price on shares of Amprius Technologies from $10.00 to $11.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $11.71.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. purchased a new stake in Amprius Technologies in the second quarter valued at approximately $213,000. BNP Paribas Financial Markets increased its holdings in shares of Amprius Technologies by 2,677.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 159,614 shares of the company's stock valued at $672,000 after acquiring an additional 153,867 shares during the period. Bank of America Corp DE increased its holdings in shares of Amprius Technologies by 50.7% in the 2nd quarter. Bank of America Corp DE now owns 126,779 shares of the company's stock valued at $534,000 after acquiring an additional 42,625 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Amprius Technologies by 419.1% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,041 shares of the company's stock valued at $215,000 after purchasing an additional 41,208 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in Amprius Technologies during the 2nd quarter worth $144,000. Hedge funds and other institutional investors own 5.04% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.