Sandra Wallach Sells 18,142 Shares of Amprius Technologies, Inc. (NYSE:AMPX) Stock

Amprius Technologies, Inc. (NYSE:AMPX) CFO Sandra Wallach sold 18,142 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $56,784.46. Following the transaction, the chief financial officer now owns 678,000 shares in the company, valued at approximately $2,122,140. This trade represents a 2.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Amprius Technologies Price Performance

Shares of NYSE AMPX opened at $2.52 on Wednesday. The stock has a market capitalization of $266.19 million, a price-to-earnings ratio of -5.59 and a beta of 2.45. The firm’s 50 day simple moving average is $3.06 and its 200-day simple moving average is $1.99. Amprius Technologies, Inc. has a 12 month low of $0.61 and a 12 month high of $4.20.

Analyst Ratings Changes

AMPX has been the topic of several recent analyst reports. Cantor Fitzgerald initiated coverage on shares of Amprius Technologies in a report on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price objective on the stock. Northland Securities increased their price target on shares of Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Finally, HC Wainwright reiterated a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a report on Monday, November 11th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Amprius Technologies currently has a consensus rating of “Buy” and a consensus target price of $9.29.

Hedge Funds Weigh In On Amprius Technologies

Several institutional investors have recently made changes to their positions in AMPX. Charles Schwab Investment Management Inc. increased its holdings in shares of Amprius Technologies by 124.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock valued at $304,000 after purchasing an additional 152,102 shares in the last quarter. State Street Corp increased its holdings in shares of Amprius Technologies by 4.7% during the 3rd quarter. State Street Corp now owns 286,390 shares of the company’s stock valued at $318,000 after purchasing an additional 12,900 shares in the last quarter. Geode Capital Management LLC increased its holdings 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 purchasing an additional 184,863 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of Amprius Technologies by 29.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock valued at $31,000 after purchasing an additional 6,700 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Amprius Technologies by 343.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock valued at $30,000 after purchasing an additional 20,939 shares in the last quarter. 5.04% of the stock is owned by hedge funds and other institutional investors.

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.