Key Points
- CTO insider sale: Constantin Ionel Stefan sold 198,255 shares on Dec. 11 at an average price of $10.51 for total proceeds of about $2.08M, cutting his ownership by 20.94% to 748,696 shares (≈ $7.87M).
- Company and market context: Amprius (NYSE:AMPX) has a $1.31B market cap and recent quarterly results beat estimates on revenue ($21.43M vs $16.45M est.) and EPS (-$0.03 vs -$0.06 est.), but it still has a negative net margin (-53.16%) and a consensus analyst rating of "Moderate Buy" with a $14.29 target.
Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) CTO Constantin Ionel Stefan sold 198,255 shares of the company's stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $10.51, for a total value of $2,083,660.05. Following the sale, the chief technology officer directly owned 748,696 shares in the company, valued at approximately $7,868,794.96. This represents a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Constantin Ionel Stefan also recently made the following trade(s):
- On Friday, November 21st, Constantin Ionel Stefan sold 25,024 shares of Amprius Technologies stock. The stock was sold at an average price of $10.08, for a total transaction of $252,241.92.
Amprius Technologies Price Performance
AMPX stock opened at $10.05 on Tuesday. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -38.63 and a beta of 2.94. Amprius Technologies, Inc. has a 1-year low of $1.63 and a 1-year high of $16.03. The firm has a fifty day moving average price of $11.92 and a two-hundred day moving average price of $8.72.
Amprius Technologies (NYSE:AMPX - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. Amprius Technologies had a negative net margin of 53.16% and a negative return on equity of 38.85%. The business had revenue of $21.43 million during the quarter, compared to analyst estimates of $16.45 million. As a group, analysts expect 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 bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Amprius Technologies by 37.0% in the third quarter. Vanguard Group Inc. now owns 6,512,620 shares of the company's stock valued at $68,513,000 after acquiring an additional 1,757,395 shares in the last quarter. Invesco Ltd. raised its holdings in Amprius Technologies by 113.3% during the third quarter. Invesco Ltd. now owns 2,379,384 shares of the company's stock worth $25,031,000 after purchasing an additional 1,263,846 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Amprius Technologies by 1,117.9% in the third quarter. BNP Paribas Financial Markets now owns 1,943,905 shares of the company's stock worth $20,450,000 after purchasing an additional 1,784,291 shares during the period. Voloridge Investment Management LLC bought a new position in Amprius Technologies during the 3rd quarter valued at $19,737,000. Finally, Two Sigma Investments LP increased its position in shares of Amprius Technologies by 24.2% during the 3rd quarter. Two Sigma Investments LP now owns 1,753,577 shares of the company's stock valued at $18,448,000 after purchasing an additional 341,969 shares during the period. Institutional investors own 5.04% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on the company. Weiss Ratings reiterated a "sell (e+)" rating on shares of Amprius Technologies in a research report on Wednesday, October 8th. Roth Capital set a $14.00 target price on Amprius Technologies and gave the stock a "buy" rating in a research report on Wednesday, October 22nd. Cantor Fitzgerald boosted their price target on shares of Amprius Technologies from $12.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, November 7th. Finally, Northland Securities set a $20.00 price target on shares of Amprius Technologies in a research report on Tuesday, October 7th. Eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Amprius Technologies has an average rating of "Moderate Buy" and a consensus target price of $14.29.
View Our Latest Stock Report on Amprius Technologies
Amprius Technologies Company Profile
(
Get Free Report)
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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