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 the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $107,524.89. Following the transaction, the chief executive officer now owns 1,282,621 shares of the company’s stock, valued at approximately $4,014,603.73. The trade was a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Amprius Technologies Price Performance

Amprius Technologies stock traded down $0.21 during mid-day trading on Monday, reaching $2.80. 3,180,815 shares of the company were exchanged, compared to its average volume of 3,692,507. The company has a fifty day simple moving average of $3.02 and a 200-day simple moving average of $1.97. The firm has a market cap of $295.82 million, a PE ratio of -6.21 and a beta of 2.45. Amprius Technologies, Inc. has a 12 month low of $0.61 and a 12 month high of $4.20.

Institutional Investors Weigh In On Amprius Technologies

Several hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in shares of 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 acquiring an additional 184,863 shares during the period. Charles Schwab Investment Management Inc. grew its position 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 worth $304,000 after purchasing an additional 152,102 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Amprius Technologies by 343.1% in 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 during the last quarter. State Street Corp raised its position in Amprius Technologies by 4.7% in the third quarter. State Street Corp now owns 286,390 shares of the company’s stock worth $318,000 after acquiring an additional 12,900 shares during the period. Finally, Kingswood Wealth Advisors LLC bought a new position in Amprius Technologies during the fourth quarter valued at $30,000. 5.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.