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 transaction, the chief technology officer now owns 421,489 shares of the company’s stock, valued at approximately $1,319,260.57. This trade represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Amprius Technologies Trading Down 6.8 %

AMPX traded down $0.21 during trading on Monday, hitting $2.80. 3,180,815 shares of the company traded hands, compared to its average volume of 3,692,507. The company has a market cap of $295.82 million, a PE ratio of -6.21 and a beta of 2.45. The stock’s 50-day simple moving average is $3.02 and its two-hundred 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.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AMPX. Charles Schwab Investment Management Inc. lifted its position in shares of Amprius Technologies by 124.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock worth $304,000 after buying an additional 152,102 shares in the last quarter. State Street Corp increased its stake in Amprius Technologies by 4.7% in the 3rd 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 last quarter. Geode Capital Management LLC increased its stake in Amprius Technologies by 50.9% in the 3rd quarter. Geode Capital Management LLC now owns 548,138 shares of the company’s stock worth $608,000 after acquiring an additional 184,863 shares during the last quarter. B. Riley Wealth Advisors Inc. raised 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 worth $31,000 after acquiring an additional 6,700 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position 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 acquiring an additional 20,939 shares during the last quarter. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Cantor Fitzgerald began coverage on shares of Amprius Technologies in a report on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price target on the stock. Northland Securities lifted their target price 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, 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. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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.