Constantin Ionel Stefan Sells 29,681 Shares of Amprius Technologies (NYSE:AMPX) Stock

Amprius Technologies, Inc. (NYSE:AMPX) CTO Constantin Ionel Stefan sold 29,681 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $10.34, for a total transaction of $306,901.54. Following the transaction, the chief technology officer owned 771,629 shares in the company, valued at approximately $7,978,643.86. The trade was a 3.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Constantin Ionel Stefan also recently made the following trade(s):

• On Wednesday, May 27th, Constantin Ionel Stefan sold 3,208 shares of Amprius Technologies stock. The shares were sold at an average price of $17.19, for a total transaction of $55,145.52.

Amprius Technologies Price Performance

AMPX stock traded up $0.34 on Tuesday, hitting $10.20. 4,115,069 shares of the company were exchanged, compared to its average volume of 8,184,553. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -35.16 and a beta of 2.34. Amprius Technologies, Inc. has a twelve month low of $6.66 and a twelve month high of $24.23. The business’s fifty day moving average is $11.72 and its two-hundred day moving average is $14.87.

Hedge Funds Weigh In On Amprius Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. TD Waterhouse Canada Inc. boosted its position in Amprius Technologies by 355.6% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock worth $29,000 after purchasing an additional 1,643 shares during the period. Bank of America Corp DE raised its position in Amprius Technologies by 31.1% in the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock valued at $36,000 after purchasing an additional 3,055 shares during the period. Quarry LP purchased a new position in Amprius Technologies in the third quarter valued at about $42,000. Rhumbline Advisers lifted its stake in shares of Amprius Technologies by 61.1% during the first quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock worth $42,000 after purchasing an additional 5,951 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Amprius Technologies by 1,385.4% in the second quarter. Legal & General Group Plc now owns 10,383 shares of the company’s stock worth $44,000 after buying an additional 9,684 shares during the period. Institutional investors and hedge funds own 5.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AMPX shares. JonesTrading started coverage on Amprius Technologies in a report on Friday, July 10th. They issued a “buy” rating and a $30.00 target price on the stock. Wall Street Zen downgraded Amprius Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Northland Securities set a $24.00 price objective on Amprius Technologies in a research note on Monday, May 11th. Zacks Research raised Amprius Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, Roth Capital reiterated a “buy” rating on shares of Amprius Technologies in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Amprius Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

About Amprius Technologies

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.