Amprius Technologies, Inc. (NYSE:AMPX) CEO Kang Sun Sells 34,353 Shares

Amprius Technologies, Inc. (NYSE:AMPX) CEO Kang Sun sold 34,353 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 value of $107,524.89. Following the transaction, the chief executive officer now directly owns 1,282,621 shares of the company’s stock, valued at approximately $4,014,603.73. This represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Amprius Technologies Price Performance

Shares of NYSE:AMPX opened at $2.80 on Tuesday. Amprius Technologies, Inc. has a 12 month low of $0.61 and a 12 month high of $4.20. The firm has a market capitalization of $295.82 million, a P/E ratio of -6.21 and a beta of 2.45. The company’s fifty day moving average price is $3.02 and its 200 day moving average price is $1.97.

Institutional Trading of Amprius Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. 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 worth $27,000 after buying an additional 3,222 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Amprius Technologies in the fourth quarter valued at approximately $28,000. JPMorgan Chase & Co. grew its position in shares of Amprius Technologies by 343.1% during the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock worth $30,000 after acquiring an additional 20,939 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of Amprius Technologies in the 4th quarter valued at $30,000. Finally, B. Riley Wealth Advisors Inc. boosted its stake in 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 purchasing an additional 6,700 shares during the period. Institutional investors and hedge funds own 5.04% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on AMPX. HC Wainwright reiterated a “buy” rating and set a $10.00 price target on shares of Amprius Technologies in a report on Monday, November 11th. Cantor Fitzgerald initiated coverage on shares of Amprius Technologies in a research note on Tuesday, January 21st. They set an “overweight” rating and a $10.00 target price for the company. Finally, Northland Securities raised their price target on Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus 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.