Insider Selling: Amprius Technologies (NYSE:AMPX) CFO Sells 28,390 Shares of Stock

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 stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $6.82, for a total value of $193,619.80. Following the sale, the chief financial officer owned 1,005,275 shares of the company's stock, valued at approximately $6,855,975.50. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Amprius Technologies Price Performance

Shares of Amprius Technologies stock traded up $0.51 during mid-day trading on Monday, hitting $7.68. 6,284,845 shares of the stock were exchanged, compared to its average volume of 8,006,897. Amprius Technologies, Inc. has a 12 month low of $0.61 and a 12 month high of $9.66. The company has a 50-day simple moving average of $6.41 and a 200 day simple moving average of $3.96.

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 analysts' consensus estimates of ($0.08) by $0.03. The firm had revenue of $15.07 million during the quarter, compared to analyst estimates of $12.38 million. Amprius Technologies had a negative net margin of 84.77% and a negative return on equity of 55.79%. On average, equities analysts predict that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMPX. William Blair raised shares of Amprius Technologies from a "market perform" rating to an "outperform" rating in a report on Friday, July 18th. B. Riley boosted their target price on Amprius Technologies from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Cantor Fitzgerald raised their target price 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. Roth Capital reaffirmed a "buy" rating and issued a $10.00 price target (up previously from $6.00) on shares of Amprius Technologies in a research report on Tuesday, August 5th. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $18.00 price target (up previously from $10.00) on shares of Amprius Technologies in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. According to data from MarketBeat, Amprius Technologies has an average rating of "Buy" and an average price target of $11.71.

Institutional Investors Weigh In On Amprius Technologies

Large investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its position in 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 purchasing an additional 9,072 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Amprius Technologies in the fourth quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Amprius Technologies in the second quarter valued at approximately $42,000. Legal & General Group Plc raised its holdings in Amprius Technologies by 1,385.4% in the second quarter. Legal & General Group Plc now owns 10,383 shares of the company's stock valued at $44,000 after acquiring an additional 9,684 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Amprius Technologies during the second quarter worth approximately $44,000. Hedge funds and other institutional investors own 5.04% of the company's stock.

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.

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