Amprius Technologies, Inc. (NYSE:AMPX) CTO Constantin Ionel Stefan Sells 9,066 Shares

Amprius Technologies, Inc. (NYSE:AMPX) CTO Constantin Ionel Stefan sold 9,066 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 $28,376.58. Following the sale, the chief technology officer now owns 421,489 shares in the company, valued at approximately $1,319,260.57. This trade represents a 2.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Amprius Technologies Price Performance

Amprius Technologies stock opened at $2.52 on Wednesday. The stock’s 50 day moving average is $3.06 and its 200 day moving average is $1.99. The firm has a market cap of $266.19 million, a P/E ratio of -5.59 and a beta of 2.45. Amprius Technologies, Inc. has a one year low of $0.61 and a one year high of $4.20.

Hedge Funds Weigh In On Amprius Technologies

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

Analyst Upgrades and Downgrades

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