Jonathan Bornstein Sells 13,527 Shares of Amprius Technologies, Inc. (NYSE:AMPX) 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 transaction, the insider now directly owns 419,197 shares of the company’s stock, valued at $1,312,086.61. The trade was a 3.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Amprius Technologies Stock Down 9.9 %

Shares of NYSE AMPX opened at $2.52 on Wednesday. The business has a fifty day simple moving average of $3.06 and a two-hundred day simple moving average of $1.99. The firm has a market cap of $266.19 million, a PE ratio of -5.59 and a beta of 2.45. Amprius Technologies, Inc. has a twelve month low of $0.61 and a twelve month high of $4.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMPX. Geode Capital Management LLC grew its stake in Amprius Technologies by 50.9% during the 3rd quarter. Geode Capital Management LLC now owns 548,138 shares of the company’s stock valued at $608,000 after purchasing an additional 184,863 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Amprius Technologies by 124.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock valued at $304,000 after acquiring an additional 152,102 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Amprius Technologies by 343.1% during the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock worth $30,000 after purchasing an additional 20,939 shares in the last quarter. State Street Corp lifted its position in shares of Amprius Technologies by 4.7% in the third quarter. State Street Corp now owns 286,390 shares of the company’s stock valued at $318,000 after acquiring an additional 12,900 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of Amprius Technologies during the fourth quarter worth approximately $30,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. HC Wainwright reiterated a “buy” rating and issued a $10.00 price objective on shares of Amprius Technologies in a research report on Monday, November 11th. Northland Securities upped their price target on Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Finally, Cantor Fitzgerald started coverage on Amprius Technologies in a research note on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 target price on the stock. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $9.29.

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.