Amprius Technologies, Inc. (NYSE:AMPX) Chief Technology Officer Stefan Constantin Ionel has recently sold a total of 9,393 shares of the company's common stock, transactions that amounted to over $12,000. According to the latest filings, the sales took place on May 21 and May 22, with prices ranging from $1.31 to $1.3824 per share.
On the first day, Ionel sold 5,272 shares at an average price of $1.3276, while on the following day, he sold an additional 4,121 shares at an average price of $1.356. These transactions were part of pre-arranged plans to cover tax withholding obligations related to the vesting of restricted stock units.
Following these transactions, Ionel still maintains a substantial position in the company, owning 394,968 shares, which includes 351,159 restricted stock units. These units represent a contingent right to receive shares of common stock contingent upon meeting certain conditions and vesting schedules.
Investors and interested parties should note that these sales were executed in multiple transactions within the specified price ranges. Amprius Technologies, Inc., a company specializing in miscellaneous electrical machinery, equipment, and supplies, is incorporated in Delaware with its headquarters located in Fremont, California.
InvestingPro Insights
Amprius Technologies, Inc. (NYSE:AMPX) has been under the investor microscope following the recent sale of shares by its Chief Technology Officer, Stefan Constantin Ionel. To provide a deeper understanding of Amprius Technologies' financial health and market performance, we've compiled key metrics from InvestingPro:
- The company's Market Cap stands at a modest 132.26M USD, reflecting the scale of the business in the current market.
- A significant Revenue Growth of 259.64% over the last twelve months as of Q1 2024 indicates a robust expansion in the company's sales.
- However, the Gross Profit Margin is notably negative at -145.7% for the same period, suggesting challenges in maintaining profitability against the cost of goods sold.
InvestingPro Tips for Amprius Technologies highlight some critical aspects that investors should be aware of:
1. Analysts anticipate sales growth in the current year, which aligns with the impressive revenue growth figures. This could be a sign of developing market traction or successful product launches.
2. The company is quickly burning through cash, a situation that is often a red flag for sustainability and could necessitate future financing.
Investors looking for a comprehensive analysis of Amprius Technologies, including additional insights, can find 15 InvestingPro Tips on https://www.investing.com/pro/AMPX. For those considering an in-depth exploration, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. This insight could be invaluable for making informed decisions, especially given the company's high revenue valuation multiple and the recent stock price volatility.
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