Insider Selling: Amprius Technologies, Inc. (NYSE:AMPX) Insider Sells 18,644 Shares of Stock

Amprius Technologies, Inc. (NYSE:AMPX) insider Jonathan Bornstein sold 18,644 shares of Amprius Technologies stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $1.04, for a total transaction of $19,389.76. Following the completion of the sale, the insider now directly owns 1,528,251 shares in the company, valued at approximately $1,589,381.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Amprius Technologies Stock Down 0.9 %

AMPX opened at $1.07 on Friday. The company has a market capitalization of $115.52 million, a price-to-earnings ratio of -2.49 and a beta of 2.71. The firm has a 50-day moving average price of $1.20 and a 200-day moving average price of $1.97. Amprius Technologies, Inc. has a twelve month low of $1.01 and a twelve month high of $6.02.

Amprius Technologies (NYSE:AMPX) last posted its earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.02). The business had revenue of $3.35 million during the quarter, compared to analysts’ expectations of $2.45 million. Amprius Technologies had a negative return on equity of 59.58% and a negative net margin of 350.70%. During the same quarter in the previous year, the business earned ($0.11) EPS. On average, sell-side analysts expect that Amprius Technologies, Inc. will post -0.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMPX has been the topic of several research reports. HC Wainwright reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Amprius Technologies in a research report on Monday, August 12th. Alliance Global Partners lowered their price objective on shares of Amprius Technologies from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Northland Securities lowered their price objective on shares of Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. Roth Mkm lowered their price objective on shares of Amprius Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, B. Riley raised shares of Amprius Technologies to a “strong-buy” rating in a research report on Tuesday, June 25th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $8.17.

Hedge Funds Weigh In On Amprius Technologies

Large investors have recently modified their holdings of the business. International Assets Investment Management LLC purchased a new position in Amprius Technologies during the fourth quarter valued at approximately $710,000. Tower Research Capital LLC TRC grew its stake in Amprius Technologies by 45.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,252 shares of the company’s stock valued at $44,000 after acquiring an additional 2,597 shares in the last quarter. AQR Capital Management LLC purchased a new position in Amprius Technologies during the second quarter valued at approximately $99,000. B. Riley Wealth Advisors Inc. grew its stake in Amprius Technologies by 84.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock valued at $29,000 after acquiring an additional 10,300 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Amprius Technologies during the second quarter valued at approximately $72,000. 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.