Insider Selling: Amprius Technologies, Inc. (NYSE:AMPX) CFO Sells 18,142 Shares of Stock

Amprius Technologies, Inc. (NYSE:AMPX) CFO Sandra Wallach sold 18,142 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $56,784.46. Following the completion of the sale, the chief financial officer now owns 678,000 shares in the company, valued at $2,122,140. This represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Amprius Technologies Stock Performance

NYSE AMPX traded down $0.21 during trading on Monday, reaching $2.80. 3,180,815 shares of the company traded hands, compared to its average volume of 3,692,507. Amprius Technologies, Inc. has a 1-year low of $0.61 and a 1-year high of $4.20. The company has a market cap of $295.82 million, a price-to-earnings ratio of -6.21 and a beta of 2.45. The stock’s 50 day moving average price is $3.02 and its two-hundred day moving average price is $1.97.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Northland Securities increased 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. Cantor Fitzgerald began coverage on Amprius Technologies in a research report on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 price objective for the company. Finally, HC Wainwright restated a “buy” rating and set a $10.00 price objective on shares of Amprius Technologies in a research report on Monday, November 11th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $9.29.

Institutional Trading of Amprius Technologies

Several institutional investors have recently bought and sold shares of AMPX. Wolverine Trading LLC acquired a new position in Amprius Technologies during the fourth quarter worth $48,000. Two Sigma Advisers LP bought a new stake in shares of Amprius Technologies in the 4th quarter worth about $128,000. Two Sigma Investments LP increased its position in shares of Amprius Technologies by 323.1% during the 4th 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. Millennium Management LLC bought a new position in Amprius Technologies during the 4th quarter valued at about $2,009,000. Finally, Blackstone Inc. bought a new position in Amprius Technologies during the 4th quarter valued at about $722,000. Institutional investors and hedge funds own 5.04% of the company’s stock.

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.