Insider Selling: Amprius Technologies, Inc. (NYSE:AMPX) CEO Sells $107,524.89 in Stock

Amprius Technologies, Inc. (NYSE:AMPX) CEO Kang Sun sold 34,353 shares of Amprius Technologies 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 completion of the transaction, the chief executive officer now directly owns 1,282,621 shares of the company’s stock, valued at $4,014,603.73. The trade was a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Amprius Technologies Stock Up 9.7 %

AMPX stock opened at $2.77 on Thursday. Amprius Technologies, Inc. has a twelve month low of $0.61 and a twelve month high of $4.20. The firm has a market cap of $292.64 million, a price-to-earnings ratio of -6.14 and a beta of 2.45. The business’s fifty day simple moving average is $3.08 and its two-hundred day simple moving average is $1.99.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. boosted its position in Amprius Technologies by 55.8% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 45,500 shares of the company’s stock valued at $127,000 after buying an additional 16,300 shares during the period. Wolverine Trading LLC bought a new stake in shares of Amprius Technologies during the fourth quarter valued at approximately $48,000. Two Sigma Advisers LP purchased a new stake in shares of Amprius Technologies in the fourth quarter valued at approximately $128,000. Two Sigma Investments LP grew its stake in Amprius Technologies by 323.1% in the fourth quarter. Two Sigma Investments LP now owns 443,311 shares of the company’s stock worth $1,241,000 after purchasing an additional 338,524 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Amprius Technologies during the 4th quarter worth $2,009,000. 5.04% of the stock is currently owned by institutional investors.

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.