Insider Selling: Amprius Technologies, Inc. (NYSE:AMPX) Insider Sells 13,527 Shares of Stock

Amprius Technologies, Inc. (NYSE:AMPX) insider Jonathan Bornstein sold 13,527 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $42,339.51. Following the completion of the sale, the insider now directly owns 419,197 shares of the company’s stock, valued at $1,312,086.61. This represents a 3.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Amprius Technologies Stock Down 6.8 %

Shares of AMPX stock traded down $0.21 during trading hours on Monday, reaching $2.80. 3,180,815 shares of the company’s stock were exchanged, compared to its average volume of 3,692,507. Amprius Technologies, Inc. has a fifty-two week low of $0.61 and a fifty-two week high of $4.20. The stock has a market capitalization of $295.82 million, a P/E ratio of -6.21 and a beta of 2.45. The business has a fifty day moving average price of $3.02 and a 200-day moving average price of $1.97.

Hedge Funds Weigh In On Amprius Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE boosted its holdings in Amprius Technologies by 31.1% in the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock valued at $36,000 after purchasing an additional 3,055 shares during the period. Rhumbline Advisers raised its position in shares of Amprius Technologies by 49.4% during the fourth quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock valued at $27,000 after buying an additional 3,222 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of Amprius Technologies by 29.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock valued at $31,000 after buying an additional 6,700 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in Amprius Technologies during the fourth quarter worth about $28,000. Finally, Kingswood Wealth Advisors LLC acquired a new stake in Amprius Technologies during the fourth quarter worth about $30,000. Institutional investors own 5.04% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on AMPX shares. Northland Securities raised their price objective on Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Cantor Fitzgerald initiated coverage on Amprius Technologies in a report on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price target on the stock. Finally, HC Wainwright restated a “buy” rating and issued a $10.00 price objective on shares of Amprius Technologies in a research note on Monday, November 11th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amprius Technologies currently has a consensus rating of “Buy” and a consensus price target of $9.29.

Amprius Technologies Company Profile

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.