Amprius Technologies (NYSE:AMPX) CEO Sells 23,529 Shares of Stock

Key Points

• CEO Thomas Stepien sold 23,529 Amprius Technologies shares at an average price of $10.34, generating approximately $243,290. The sale covered tax-withholding obligations tied to vested equity awards and reduced his ownership by 3.76%.
• Amprius shares were trading around $10.20, up 3.4% on the day, but remained well below their 52-week high of $24.23. The stock has a $1.44 billion market capitalization and a negative price-to-earnings ratio.
• Analyst sentiment is generally favorable, with MarketBeat reporting a “Moderate Buy” consensus and an average price target of $23.00. Institutional investors and hedge funds own 5.04% of the company.

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) CEO Thomas Stepien sold 23,529 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $10.34, for a total value of $243,289.86. Following the sale, the chief executive officer owned 602,096 shares in the company, valued at $6,225,672.64. The trade was a 3.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Amprius Technologies Trading Up 3.4%

NYSE:AMPX traded up $0.34 during mid-day trading on Tuesday, hitting $10.20. The stock had a trading volume of 4,115,069 shares, compared to its average volume of 8,184,553. The company has a 50 day simple moving average of $11.72 and a 200-day simple moving average of $14.87. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -35.16 and a beta of 2.34. Amprius Technologies, Inc. has a 52 week low of $6.66 and a 52 week high of $24.23.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AMPX shares. Roth Capital reiterated a "buy" rating on shares of Amprius Technologies in a research report on Friday, May 8th. Wall Street Zen cut Amprius Technologies from a "hold" rating to a "sell" rating in a research note on Saturday, May 9th. JonesTrading initiated coverage on shares of Amprius Technologies in a research report on Friday, July 10th. They issued a "buy" rating and a $30.00 price target on the stock. Northland Securities set a $24.00 price target on shares of Amprius Technologies in a report on Monday, May 11th. Finally, Zacks Research upgraded shares of Amprius Technologies from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $23.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. EWA LLC boosted its position in Amprius Technologies by 3.8% during the fourth quarter. EWA LLC now owns 19,958 shares of the company's stock valued at $157,000 after purchasing an additional 723 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Amprius Technologies by 14.7% during the 3rd quarter. Victory Capital Management Inc. now owns 11,817 shares of the company's stock worth $124,000 after purchasing an additional 1,516 shares in the last quarter. Graham Capital Management L.P. lifted its holdings in shares of Amprius Technologies by 3.2% during the 4th quarter. Graham Capital Management L.P. now owns 49,596 shares of the company's stock valued at $391,000 after buying an additional 1,551 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Amprius Technologies by 5.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 33,280 shares of the company's stock valued at $263,000 after buying an additional 1,621 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in shares of Amprius Technologies by 355.6% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company's stock valued at $29,000 after buying an additional 1,643 shares in the last quarter. Institutional investors and hedge funds 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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