Amprius Technologies, Inc. (NYSE:AMPX) CTO Constantin Ionel Stefan Sells 8,575 Shares of Stock

Amprius Technologies, Inc. (NYSE:AMPX) CTO Constantin Ionel Stefan sold 8,575 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total transaction of $16,807.00. Following the transaction, the chief technology officer now owns 430,555 shares in the company, valued at $843,887.80. This represents a 1.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Amprius Technologies Trading Down 2.0 %

Shares of AMPX stock opened at $1.94 on Friday. Amprius Technologies, Inc. has a 12 month low of $0.61 and a 12 month high of $6.02. The stock has a 50 day moving average of $1.41 and a 200-day moving average of $1.30.

Amprius Technologies (NYSE:AMPX) last released its earnings results on Thursday, November 7th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.01. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. The firm had revenue of $7.86 million during the quarter, compared to analysts’ expectations of $7.70 million. During the same period in the prior year, the company earned ($0.10) EPS. As a group, sell-side analysts expect that Amprius Technologies, Inc. will post -0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in shares of Amprius Technologies by 50.9% in the third quarter. Geode Capital Management LLC now owns 548,138 shares of the company’s stock valued at $608,000 after purchasing an additional 184,863 shares in the last quarter. State Street Corp increased its holdings in Amprius Technologies by 4.7% in the 3rd quarter. State Street Corp now owns 286,390 shares of the company’s stock valued at $318,000 after buying an additional 12,900 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Amprius Technologies by 124.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock valued at $304,000 after buying an additional 152,102 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Amprius Technologies during the 2nd quarter worth about $99,000. Finally, XTX Topco Ltd bought a new position in shares of Amprius Technologies during the 2nd quarter worth about $72,000. Institutional investors and hedge funds own 5.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AMPX shares. Roth Mkm cut their target price on Amprius Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, August 9th. HC Wainwright restated a “buy” rating and issued a $10.00 target price on shares of Amprius Technologies in a report on Monday, November 11th. Northland Securities lowered their price target on Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Oppenheimer reduced their price objective on shares of Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Finally, Northland Capmk raised shares of Amprius Technologies to a “strong-buy” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $8.17.

About Amprius Technologies

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.