Amprius Technologies, Inc. (NYSE:AMPX) CTO Sells $28,376.58 in Stock

Amprius Technologies, Inc. (NYSE:AMPX) CTO Constantin Ionel Stefan sold 9,066 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $3.13, for a total value of $28,376.58. Following the completion of the sale, the chief technology officer now directly owns 421,489 shares of the company’s stock, valued at approximately $1,319,260.57. The trade was a 2.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Amprius Technologies Trading Up 9.7 %

NYSE:AMPX opened at $2.77 on Thursday. The firm has a market capitalization of $292.64 million, a PE ratio of -6.14 and a beta of 2.45. Amprius Technologies, Inc. has a 1 year low of $0.61 and a 1 year high of $4.20. The firm’s fifty day simple moving average is $3.08 and its 200 day simple moving average is $1.99.

Analyst Upgrades and Downgrades

AMPX has been the subject of a number of analyst reports. HC Wainwright reiterated a “buy” rating and issued a $10.00 target price on shares of Amprius Technologies in a research note on Monday, November 11th. Northland Securities lifted 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. Finally, 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 objective for the company. Six investment 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 has a consensus rating of “Buy” and an average target price of $9.29.

Institutional Investors Weigh In On Amprius Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers lifted its position in shares of Amprius Technologies by 49.4% during the 4th quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock worth $27,000 after purchasing an additional 3,222 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Amprius Technologies in the 4th quarter worth approximately $28,000. JPMorgan Chase & Co. lifted its holdings 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 buying an additional 20,939 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of Amprius Technologies in the fourth quarter valued at approximately $30,000. Finally, B. Riley Wealth Advisors Inc. grew 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 worth $31,000 after acquiring an additional 6,700 shares during the last quarter. 5.04% of the stock is owned by institutional investors and hedge funds.

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.