Amprius Technologies, Inc. (NYSE:AMPX) Insider Jonathan Bornstein Sells 18,170 Shares of Stock

Amprius Technologies, Inc. (NYSE:AMPX) insider Jonathan Bornstein sold 18,170 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.96, for a total value of $35,613.20. Following the completion of the sale, the insider now directly owns 454,131 shares in the company, valued at approximately $890,096.76. This represents a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Amprius Technologies Trading Down 2.0 %

AMPX opened at $1.94 on Friday. The firm’s 50 day simple moving average is $1.41 and its two-hundred day simple moving average is $1.30. Amprius Technologies, Inc. has a 1-year low of $0.61 and a 1-year high of $6.02.

Amprius Technologies (NYSE:AMPX) last announced its earnings results on Thursday, November 7th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. The company had revenue of $7.86 million for the quarter, compared to analysts’ expectations 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 period last year, the firm earned ($0.10) EPS. As a group, sell-side analysts predict that Amprius Technologies, Inc. will post -0.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Oppenheimer cut their target price on Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Northland Capmk raised Amprius Technologies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Northland Securities reduced their price objective on Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Roth Mkm lowered their target price on shares of Amprius Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, HC Wainwright reiterated a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $8.17.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AMPX. B. Riley Wealth Advisors Inc. raised its position in shares of Amprius Technologies by 84.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock valued at $29,000 after purchasing an additional 10,300 shares during the period. XTX Topco Ltd bought a new stake in shares of Amprius Technologies during the 2nd quarter valued at $72,000. AQR Capital Management LLC bought a new stake in shares of Amprius Technologies during the 2nd quarter valued at $99,000. Charles Schwab Investment Management Inc. raised its position in shares of Amprius Technologies by 124.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock valued at $304,000 after purchasing an additional 152,102 shares during the period. Finally, State Street Corp raised its position in shares of Amprius Technologies by 4.7% during the 3rd quarter. State Street Corp now owns 286,390 shares of the company’s stock valued at $318,000 after purchasing an additional 12,900 shares during the period. 5.04% of the stock is currently owned by institutional investors.

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.