Don't Ignore The Insider Selling In Amprius Technologies

Anyone interested in Amprius Technologies, Inc. (NYSE:AMPX) should probably be aware that the Independent Director, Justin Mirro, recently divested US$352k worth of shares in the company, at an average price of US$0.90 each. The eyebrow raising move amounted to a reduction of 24% in their holding.

See our latest analysis for Amprius Technologies

Amprius Technologies Insider Transactions Over The Last Year

Notably, that recent sale by Independent Director Justin Mirro was not the only time they sold Amprius Technologies shares this year. Earlier in the year, they fetched US$3.81 per share in a -US$1.5m sale. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$0.71. So it may not tell us anything about how insiders feel about the current share price.

Amprius Technologies insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

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Does Amprius Technologies Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Based on our data, Amprius Technologies insiders have about 2.8% of the stock, worth approximately US$2.2m. But they may have an indirect interest through a corporate structure that we haven't picked up on. I generally like to see higher levels of ownership.

So What Do The Amprius Technologies Insider Transactions Indicate?

Insiders sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. Insiders own relatively few shares in the company, and when you consider the sales, we're not particularly excited about the stock. So we're not rushing to buy, to say the least. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Amprius Technologies. At Simply Wall St, we've found that Amprius Technologies has 6 warning signs (1 makes us a bit uncomfortable!) that deserve your attention before going any further with your analysis.

But note: Amprius Technologies may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.