Insider Selling: Amprius Technologies, Inc. (NYSE:AMPX) CFO Sells 18,142 Shares of Stock

Amprius Technologies, Inc. (NYSE:AMPX) CFO Sandra Wallach sold 18,142 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $56,784.46. Following the completion of the transaction, the chief financial officer now directly owns 678,000 shares in the company, valued at approximately $2,122,140. This represents a 2.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Amprius Technologies Stock Performance

Amprius Technologies stock traded down $0.21 during midday trading on Monday, reaching $2.80. The stock had a trading volume of 3,180,815 shares, compared to its average volume of 3,692,507. The stock has a market capitalization of $295.82 million, a P/E ratio of -6.21 and a beta of 2.45. The firm’s fifty day simple moving average is $3.02 and its 200-day simple moving average is $1.97. Amprius Technologies, Inc. has a 1-year low of $0.61 and a 1-year high of $4.20.

Wall Street Analyst Weigh In

AMPX has been the topic of several research reports. Northland Securities upped their price target on shares of Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Cantor Fitzgerald started coverage on shares of Amprius Technologies in a research note on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price target on the stock. Finally, HC Wainwright reissued a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a report on Monday, November 11th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $9.29.

Institutional Trading of Amprius Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers boosted its holdings in Amprius Technologies by 49.4% during the fourth 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 stake in Amprius Technologies during the 4th quarter worth about $28,000. Kingswood Wealth Advisors LLC bought a new stake in Amprius Technologies during the 4th quarter worth about $30,000. O Dell Group LLC acquired a new position in shares of Amprius Technologies during the 4th quarter worth about $35,000. Finally, Bank of America Corp DE grew its holdings in shares of 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 acquiring an additional 3,055 shares in the last quarter. 5.04% of the stock is currently 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.