Insider Selling: Amprius Technologies, Inc. (NYSE:AMPX) CFO Sells $56,784.46 in Stock

Amprius Technologies, Inc. (NYSE:AMPX) CFO Sandra Wallach sold 18,142 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 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. The trade was a 2.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Amprius Technologies Price Performance

Shares of AMPX stock opened at $2.77 on Thursday. The stock’s fifty day simple moving average is $3.08 and its 200 day simple moving average is $1.99. The firm has a market cap of $292.64 million, a price-to-earnings ratio of -6.14 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.

Wall Street Analysts Forecast Growth

AMPX has been the topic of a number of analyst reports. HC Wainwright reissued a “buy” rating and issued a $10.00 target price on shares of Amprius Technologies in a research note on Monday, November 11th. Cantor Fitzgerald assumed coverage on Amprius Technologies in a report on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price objective on the stock. Finally, Northland Securities increased their target price on Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a 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 company. Based on data from MarketBeat.com, Amprius Technologies presently has a consensus rating of “Buy” and a consensus target price of $9.29.

Institutional Trading of Amprius Technologies

Several institutional investors have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. boosted its stake in Amprius Technologies by 55.8% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 45,500 shares of the company’s stock valued at $127,000 after buying an additional 16,300 shares in the last quarter. Wolverine Trading LLC acquired a new position in Amprius Technologies in the fourth quarter worth $48,000. Two Sigma Advisers LP acquired a new position in Amprius Technologies in the fourth quarter worth $128,000. Two Sigma Investments LP boosted its stake in Amprius Technologies by 323.1% in the fourth quarter. Two Sigma Investments LP now owns 443,311 shares of the company’s stock worth $1,241,000 after purchasing an additional 338,524 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in Amprius Technologies in the fourth quarter worth $2,009,000. Institutional investors and hedge funds own 5.04% of the company’s stock.

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.