Amprius Technologies (NYSE:AMPX) CFO Sandra Wallach Sells 28,390 Shares

Key Points

• Amprius Technologies CFO Sandra Wallach sold 28,390 shares of stock at an average price of $6.82, amounting to a total of $193,619.80.
• The company's recent earnings report showed a revenue of $15.07 million, exceeding analysts' expectations, while also reporting a negative net margin of 84.77%.
• Analyst ratings for Amprius Technologies have improved, with price targets raised, including B. Riley's increase from $10.00 to $11.00 and Cantor Fitzgerald's from $10.00 to $12.00.

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) CFO Sandra Wallach sold 28,390 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $6.82, for a total transaction of $193,619.80. Following the completion of the sale, the chief financial officer owned 1,005,275 shares of the company's stock, valued at approximately $6,855,975.50. This trade represents a 2.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Amprius Technologies Trading Down 4.0%

AMPX stock traded down $0.30 on Friday, hitting $7.09. The company's stock had a trading volume of 4,654,856 shares, compared to its average volume of 7,651,860. The firm has a 50 day moving average of $6.70 and a two-hundred day moving average of $4.06. Amprius Technologies, Inc. has a 1 year low of $0.61 and a 1 year high of $9.66. The stock has a market cap of $886.19 million, a price-to-earnings ratio of -21.47 and a beta of 2.72.

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

Hedge Funds Weigh In On Amprius Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. boosted its position in shares of Amprius Technologies by 2,043.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company's stock worth $40,000 after buying an additional 9,072 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Amprius Technologies in the 4th quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Amprius Technologies in the 2nd quarter worth about $42,000. Legal & General Group Plc boosted its position in shares of Amprius Technologies by 1,385.4% in the 2nd quarter. Legal & General Group Plc now owns 10,383 shares of the company's stock worth $44,000 after buying an additional 9,684 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Amprius Technologies in the 2nd quarter worth about $44,000. 5.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AMPX shares. Cantor Fitzgerald boosted their price objective on shares of Amprius Technologies from $10.00 to $12.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. HC Wainwright reissued a "buy" rating and issued a $18.00 price objective (up from $10.00) on shares of Amprius Technologies in a research note on Friday, August 8th. 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 note on Tuesday, August 5th. B. Riley boosted their price objective on shares of Amprius Technologies from $10.00 to $11.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, William Blair raised shares of Amprius Technologies from a "market perform" rating to an "outperform" rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to MarketBeat.com, Amprius Technologies currently has an average rating of "Buy" and a consensus target price of $11.71.

Amprius Technologies Company Profile

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.