Amprius Technologies, Inc. (NYSE:AMPX – Get Free Report) Director Kang Sun sold 67,796 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $14.79, for a total transaction of $1,002,702.84. Following the completion of the sale, the director owned 1,280,854 shares in the company, valued at $18,943,830.66. The trade was a 5.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Kang Sun also recently made the following trade(s):
- On Wednesday, May 27th, Kang Sun sold 356 shares of Amprius Technologies stock. The shares were sold at an average price of $17.19, for a total transaction of $6,119.64.
- On Wednesday, April 1st, Kang Sun sold 1,500,000 shares of Amprius Technologies stock. The shares were sold at an average price of $15.91, for a total transaction of $23,865,000.00.
- On Monday, March 23rd, Kang Sun sold 217,869 shares of Amprius Technologies stock. The shares were sold at an average price of $18.80, for a total transaction of $4,095,937.20.
Amprius Technologies Stock Performance
AMPX stock opened at $21.31 on Friday. The firm has a market cap of $3.02 billion, a PE ratio of -71.03 and a beta of 2.20. The firm’s fifty day moving average is $18.07 and its 200 day moving average is $13.73. Amprius Technologies, Inc. has a one year low of $2.55 and a one year high of $22.80.
Key Stories Impacting Amprius Technologies
Here are the key news stories impacting Amprius Technologies this week:
- Positive Sentiment: Traders bought 46,001 call options on Amprius, a 134% jump above average, suggesting rising speculative demand for upside in AMPX.
- Positive Sentiment: A recent market analysis highlighted Amprius as a June catalyst stock, citing expected updates on capacity, ecosystem development, and backlog, with analysts forecasting roughly 90% revenue growth and continued rapid expansion.
- Neutral Sentiment: Insider selling disclosed this week included director Donald R. Dixon, CEO Thomas M. Stepien, CTO Constantin Ionel Stefan, and director Kang Sun. Several sales were small, and management said some were made to cover tax withholding tied to equity vesting.
- Neutral Sentiment: A research note on the broader silicon anode battery market projected strong long-term growth, which is supportive for Amprius because the company is one of the commercial players in this space.
- Negative Sentiment: Block & Leviton said it is investigating Amprius for potential securities law violations, which could create overhang and legal uncertainty for investors.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on AMPX. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a research report on Monday, April 20th. B. Riley Financial lifted their target price on shares of Amprius Technologies from $16.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Craig Hallum lifted their target price on shares of Amprius Technologies from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 target price on shares of Amprius Technologies in a research report on Tuesday, March 10th. Finally, William Blair reiterated an “outperform” rating on shares of Amprius Technologies in a research report on Friday, March 6th. Eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.25.
Check Out Our Latest Research Report on AMPX
Hedge Funds Weigh In On Amprius Technologies
Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Amprius Technologies by 9.5% in the fourth quarter. Vanguard Group Inc. now owns 7,128,657 shares of the company’s stock worth $56,245,000 after buying an additional 616,037 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Amprius Technologies by 10.5% in the fourth quarter. Geode Capital Management LLC now owns 2,678,417 shares of the company’s stock worth $21,137,000 after buying an additional 253,529 shares in the last quarter. State Street Corp lifted its stake in shares of Amprius Technologies by 16.6% in the fourth quarter. State Street Corp now owns 2,553,710 shares of the company’s stock worth $20,149,000 after buying an additional 363,928 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Amprius Technologies by 113.3% in the third quarter. Invesco Ltd. now owns 2,379,384 shares of the company’s stock worth $25,031,000 after buying an additional 1,263,846 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Amprius Technologies by 23.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,194,841 shares of the company’s stock worth $17,317,000 after buying an additional 410,724 shares in the last quarter. 5.04% of the stock is owned by hedge funds and other institutional investors.
Amprius Technologies Company Profile
Amprius Technologies, Inc (NYSE: AMPX) is a U.S.-based developer of high-energy-density lithium-ion batteries that leverage silicon anode technology to deliver performance levels beyond conventional graphite-based cells. The company’s batteries are designed to offer industry-leading gravimetric energy density, enabling longer run times and reduced weight for portable power applications. Amprius blends advanced materials science and scalable manufacturing processes to commercialize next-generation battery solutions.
At the core of Amprius’ product portfolio are cylindrical and prismatic cells that employ a proprietary silicon nanowire anode, which supports high charge/discharge rates while maintaining cycle life.
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