Insider Selling: Amprius Technologies, Inc. (NYSE:AMPX) CEO Sells 34,353 Shares of Stock

Amprius Technologies, Inc. (NYSE:AMPX) CEO Kang Sun sold 34,353 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $107,524.89. Following the transaction, the chief executive officer now directly owns 1,282,621 shares in the company, valued at approximately $4,014,603.73. This trade represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Amprius Technologies Trading Down 9.9 %

NYSE:AMPX opened at $2.52 on Wednesday. The firm has a market cap of $266.19 million, a price-to-earnings ratio of -5.59 and a beta of 2.45. The company’s 50-day moving average is $3.06 and its two-hundred day moving average is $1.99. Amprius Technologies, Inc. has a 12-month low of $0.61 and a 12-month high of $4.20.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings in Amprius Technologies by 49.4% in the 4th quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock valued at $27,000 after purchasing an additional 3,222 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Amprius Technologies in the 4th quarter valued at about $28,000. JPMorgan Chase & Co. lifted its holdings in Amprius Technologies by 343.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock valued at $30,000 after purchasing an additional 20,939 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in shares of Amprius Technologies during the 4th quarter worth about $30,000. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of Amprius Technologies by 29.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock worth $31,000 after acquiring an additional 6,700 shares during the period. 5.04% of the stock is currently owned by hedge funds and other 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.