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

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

Amprius Technologies Stock Performance

AMPX stock opened at $1.94 on Friday. The firm has a market cap of $205.33 million, a PE ratio of -4.31 and a beta of 2.42. Amprius Technologies, Inc. has a one year low of $0.61 and a one year high of $6.02. The firm’s 50 day moving average price is $1.41 and its 200-day moving average price is $1.30.

Amprius Technologies (NYSE:AMPX) last announced its quarterly 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. The business had revenue of $7.86 million for the quarter, compared to analyst estimates of $7.70 million. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. During the same quarter in the prior year, the company posted ($0.10) EPS. Equities research analysts predict that Amprius Technologies, Inc. will post -0.44 EPS for the current fiscal year.

Analysts Set New Price Targets

AMPX has been the topic of several research analyst reports. Roth Mkm lowered their price objective 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 reaffirmed a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a research note on Monday, November 11th. Northland Securities dropped their price target on Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Oppenheimer decreased their price objective on Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Finally, Northland Capmk raised shares of Amprius Technologies to a “strong-buy” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $8.17.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Amprius Technologies by 84.4% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock worth $29,000 after acquiring an additional 10,300 shares during the last quarter. XTX Topco Ltd acquired a new position in Amprius Technologies during the second quarter worth $72,000. AQR Capital Management LLC purchased a new position in shares of Amprius Technologies during the second quarter worth $99,000. Charles Schwab Investment Management Inc. grew its stake in shares of Amprius Technologies by 124.7% in the third 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. Finally, State Street Corp raised its holdings in shares of 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. Hedge funds and other institutional investors own 5.04% of the company’s stock.

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.