Insider Selling: Amprius Technologies, Inc. (NYSE:AMPX) Insider Sells $42,339.51 in Stock

Amprius Technologies, Inc. (NYSE:AMPX) insider Jonathan Bornstein sold 13,527 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 transaction of $42,339.51. Following the completion of the transaction, the insider now owns 419,197 shares of the company’s stock, valued at approximately $1,312,086.61. The trade was a 3.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Amprius Technologies Stock Up 9.7 %

Shares of NYSE AMPX opened at $2.77 on Thursday. The company has a 50 day moving average of $3.08 and a 200 day moving average of $1.99. Amprius Technologies, Inc. has a twelve month low of $0.61 and a twelve month high of $4.20. The firm has a market cap of $292.64 million, a P/E ratio of -6.14 and a beta of 2.45.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AMPX. Rhumbline Advisers boosted its position in shares of Amprius Technologies by 49.4% during 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 last quarter. Mercer Global Advisors Inc. ADV bought a new position in Amprius Technologies during the 4th quarter valued at about $28,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of Amprius Technologies during the 4th quarter valued at about $30,000. O Dell Group LLC bought a new stake in shares of Amprius Technologies in the fourth quarter worth approximately $35,000. Finally, Bank of America Corp DE raised its holdings in shares of Amprius Technologies by 31.1% during the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock valued at $36,000 after purchasing an additional 3,055 shares during the last quarter. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Northland Securities raised 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. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price objective on shares of Amprius Technologies in a research report on Monday, November 11th. Finally, Cantor Fitzgerald began coverage on Amprius Technologies in a report on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 target price on the stock. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Amprius Technologies presently has an average rating of “Buy” and an average target price 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.