Insider Selling: Amprius Technologies, Inc. (NYSE:AMPX) Director Sells $293,800.00 in Stock

Amprius Technologies, Inc. (NYSE:AMPX) Director Justin E. Mirro sold 260,000 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $1.13, for a total transaction of $293,800.00. Following the sale, the director now owns 1,467,142 shares of the company’s stock, valued at $1,657,870.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Amprius Technologies Stock Performance

NYSE AMPX opened at $1.09 on Monday. The firm has a 50-day simple moving average of $1.63 and a 200 day simple moving average of $3.00. Amprius Technologies, Inc. has a twelve month low of $1.08 and a twelve month high of $9.51. The stock has a market cap of $102.97 million, a PE ratio of -2.53 and a beta of 2.74.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). Amprius Technologies had a negative net margin of 350.70% and a negative return on equity of 59.58%. The firm had revenue of $2.34 million during the quarter, compared to analyst estimates of $1.70 million. During the same quarter in the prior year, the business posted ($0.11) earnings per share. Research analysts forecast that Amprius Technologies, Inc. will post -0.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AMPX shares. Alliance Global Partners decreased their price target on shares of Amprius Technologies from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, May 10th. Oppenheimer restated an “outperform” rating and set a $15.00 price target on shares of Amprius Technologies in a report on Friday, March 22nd. B. Riley reduced their target price on shares of Amprius Technologies from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. Finally, HC Wainwright reiterated a “buy” rating and issued a $10.00 target price on shares of Amprius Technologies in a research note on Thursday, April 4th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $10.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMPX. Invesco Ltd. acquired a new position in Amprius Technologies in the third quarter worth about $8,006,000. Kestra Advisory Services LLC acquired a new position in Amprius Technologies in the third quarter worth about $484,000. Barclays PLC raised its position in Amprius Technologies by 2,623.0% in the third quarter. Barclays PLC now owns 29,163 shares of the company’s stock worth $140,000 after purchasing an additional 28,092 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Amprius Technologies in the fourth quarter worth about $84,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Amprius Technologies during the fourth quarter worth approximately $710,000. Institutional investors and hedge funds 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.