Amprius Technologies (NYSE:AMPX) CEO Thomas Stepien Sells 8,000 Shares

Key Points

• CEO Thomas Stepien sold 8,000 Amprius Technologies shares at an average price of $10.03, totaling $80,240. The sale covered tax-withholding obligations tied to vested equity awards, reducing his direct holdings by 1.33% to 594,096 shares.
• AMPX shares rose 3.4% to $10.20, but remain well below their 12-month high of $24.23. The company has a $1.44 billion market capitalization and negative earnings.
• Analyst sentiment is moderately bullish, with an average price target of $23.00, while institutional ownership stands at 5.04%; recent investors including Millennium Management and Goldman Sachs increased their positions.

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) CEO Thomas Stepien sold 8,000 shares of the firm's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $10.03, for a total value of $80,240.00. Following the completion of the sale, the chief executive officer directly owned 594,096 shares of the company's stock, valued at approximately $5,958,782.88. This trade represents a 1.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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%

Shares of AMPX traded up $0.34 during trading hours on Tuesday, reaching $10.20. The company had a trading volume of 4,115,069 shares, compared to its average volume of 8,184,553. The firm has a 50 day simple moving average of $11.72 and a 200-day simple moving average of $14.87. The company 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 12-month low of $6.66 and a 12-month high of $24.23.

Institutional Trading of Amprius Technologies

Several large investors have recently modified their holdings of AMPX. Bank of America Corp DE increased its stake in shares of Amprius Technologies by 31.1% during the 4th 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 grew its holdings in Amprius Technologies by 86.7% during the 1st quarter. AQR Capital Management LLC now owns 77,764 shares of the company's stock valued at $208,000 after buying an additional 36,116 shares during the last quarter. Millennium Management LLC increased its position in Amprius Technologies by 94.5% during the first 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. raised its holdings in shares of Amprius Technologies by 128.6% in the first quarter. Goldman Sachs Group Inc. now owns 244,646 shares of the company's stock worth $656,000 after acquiring an additional 137,640 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Amprius Technologies by 61.1% in the first quarter. Rhumbline Advisers now owns 15,690 shares of the company's stock worth $42,000 after acquiring an additional 5,951 shares during the last quarter. 5.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Amprius Technologies in a report on Friday, July 17th. Zacks Research upgraded Amprius Technologies from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. Clear Str started coverage on Amprius Technologies in a research note on Tuesday, June 2nd. They issued a "strong-buy" rating and a $33.00 price objective for the company. Roth Capital reiterated a "buy" rating on shares of Amprius Technologies in a research report on Friday, May 8th. Finally, Northland Securities set a $24.00 target price on Amprius Technologies in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $23.00.

About Amprius Technologies

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source