Kang Sun Sells 62,101 Shares of Amprius Technologies (NYSE:AMPX) Stock

Key Points

• Director Kang Sun sold 62,101 Amprius Technologies shares at an average price of $10.34, generating $642,124.34. The sale covered tax-withholding obligations tied to vested equity awards and reduced his holdings by 4.85% to 1,218,397 shares.
• Amprius shares recently traded at $10.20, up 3.4%, but remained below their 50-day and 200-day moving averages. The stock has a market capitalization of about $1.44 billion and has traded between $6.66 and $24.23 over the past year.
• Analyst sentiment remains broadly positive, with an average rating of “Moderate Buy” and a $23.00 price target, while institutional investors own 5.04% of the company after several funds increased their positions.

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) Director Kang Sun sold 62,101 shares of the business's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.34, for a total value of $642,124.34. Following the sale, the director owned 1,218,397 shares of the company's stock, valued at approximately $12,598,224.98. This represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kang Sun also recently made the following trade(s):

• On Wednesday, May 27th, Kang Sun sold 356 shares of Amprius Technologies stock. The stock was sold at an average price of $17.19, for a total transaction of $6,119.64.

Amprius Technologies Trading Up 3.4%

NYSE AMPX traded up $0.34 during trading hours on Tuesday, hitting $10.20. 4,115,069 shares of the company's stock traded hands, compared to its average volume of 8,184,553. The business's fifty day moving average price is $11.72 and its two-hundred day moving average price is $14.87. The firm has a market capitalization of $1.44 billion, a P/E 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.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AMPX. California State Teachers Retirement System raised its holdings in Amprius Technologies by 1,124.4% during the second quarter. California State Teachers Retirement System now owns 1,957,919 shares of the company's stock valued at $27,137,000 after acquiring an additional 1,798,016 shares during the period. TD Waterhouse Canada Inc. grew its position in shares of Amprius Technologies by 355.6% during the second quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company's stock worth $29,000 after purchasing an additional 1,643 shares in the last quarter. Nykredit A S bought a new stake in Amprius Technologies during the 2nd quarter valued at approximately $79,000. Headlands Technologies LLC raised its stake in Amprius Technologies by 49.0% during the 2nd quarter. Headlands Technologies LLC now owns 36,716 shares of the company's stock valued at $509,000 after purchasing an additional 12,081 shares during the period. Finally, Wellington Management Group LLP purchased a new position in Amprius Technologies in the 2nd quarter worth approximately $4,751,000. Institutional investors own 5.04% of the company's stock.

Analyst Upgrades and Downgrades

AMPX has been the subject of several analyst reports. Zacks Research upgraded Amprius Technologies from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. Roth Capital reissued a "buy" rating on shares of Amprius Technologies in a report on Friday, May 8th. Clear Str initiated coverage on Amprius Technologies in a research report on Tuesday, June 2nd. They issued a "strong-buy" rating and a $33.00 price target for the company. Wall Street Zen downgraded Amprius Technologies from a "hold" rating to a "sell" rating in a research note on Saturday, May 9th. Finally, Northland Securities set a $24.00 price objective on Amprius Technologies in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently 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.

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