Amprius Technologies, Inc. (NYSE:AMPX) CFO Sandra Wallach Sells 17,158 Shares

Amprius Technologies, Inc. (NYSE:AMPX) CFO Sandra Wallach sold 17,158 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.96, for a total value of $33,629.68. Following the sale, the chief financial officer now directly owns 696,142 shares in the company, valued at $1,364,438.32. This represents a 2.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Amprius Technologies Trading Down 2.0 %

Shares of Amprius Technologies stock opened at $1.94 on Friday. The company has a fifty day simple moving average of $1.41 and a 200-day simple moving average of $1.30. Amprius Technologies, Inc. has a 12-month low of $0.61 and a 12-month high of $6.02. The stock has a market cap of $205.33 million, a price-to-earnings ratio of -4.31 and a beta of 2.42.

Amprius Technologies (NYSE:AMPX) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.01. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. The company had revenue of $7.86 million for the quarter, compared to analyst estimates of $7.70 million. During the same quarter last year, the company posted ($0.10) earnings per share. On average, analysts forecast that Amprius Technologies, Inc. will post -0.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in 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 buying an additional 184,863 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in 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 purchasing an additional 152,102 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Amprius Technologies during the 2nd quarter worth $99,000. XTX Topco Ltd purchased a new position in Amprius Technologies during the 2nd quarter worth $72,000. Finally, State Street Corp increased its stake in Amprius Technologies by 4.7% in the third quarter. State Street Corp now owns 286,390 shares of the company’s stock valued at $318,000 after purchasing an additional 12,900 shares during the period. Institutional investors and hedge funds own 5.04% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.