Amprius Technologies, Inc. (NYSE:AMPX) Insider Jonathan Bornstein Sells 13,527 Shares

Amprius Technologies, Inc. (NYSE:AMPX) insider Jonathan Bornstein sold 13,527 shares of the company’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 $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. This trade represents a 3.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Amprius Technologies Stock Down 6.8 %

AMPX opened at $2.80 on Tuesday. Amprius Technologies, Inc. has a twelve month low of $0.61 and a twelve month high of $4.20. The company has a 50-day moving average price of $3.02 and a 200 day moving average price of $1.97. The company has a market cap of $295.82 million, a PE ratio of -6.21 and a beta of 2.45.

Institutional Trading of Amprius Technologies

Large investors have recently bought and sold shares of the business. Rhumbline Advisers grew its stake in Amprius Technologies by 49.4% during the 4th quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock valued at $27,000 after acquiring an additional 3,222 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Amprius Technologies during the 4th quarter valued at about $28,000. Kingswood Wealth Advisors LLC purchased a new stake in Amprius Technologies during the 4th quarter valued at about $30,000. O Dell Group LLC purchased a new stake in Amprius Technologies during the 4th quarter valued at about $35,000. Finally, Bank of America Corp DE grew its stake in Amprius Technologies by 31.1% during the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock valued at $36,000 after acquiring an additional 3,055 shares in the last quarter. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Wall Street Analyst Weigh In

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