Constantin Ionel Stefan Sells 9,066 Shares of Amprius Technologies, Inc. (NYSE:AMPX) Stock

Amprius Technologies, Inc. (NYSE:AMPX) CTO Constantin Ionel Stefan sold 9,066 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $28,376.58. Following the completion of the transaction, the chief technology officer now directly owns 421,489 shares of the company’s stock, valued at $1,319,260.57. This represents a 2.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Amprius Technologies Stock Performance

AMPX opened at $2.52 on Wednesday. Amprius Technologies, Inc. has a fifty-two week low of $0.61 and a fifty-two week high of $4.20. The company has a market capitalization of $266.19 million, a P/E ratio of -5.59 and a beta of 2.45. The stock has a fifty day moving average of $3.06 and a 200-day moving average of $1.99.

Institutional Investors Weigh In On Amprius Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE lifted 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 worth $36,000 after buying an additional 3,055 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Amprius Technologies by 49.4% during the fourth quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock worth $27,000 after buying an additional 3,222 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of Amprius Technologies by 29.8% in the third 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. Mercer Global Advisors Inc. ADV bought a new position in shares of Amprius Technologies in the fourth quarter worth $28,000. Finally, Kingswood Wealth Advisors LLC bought a new position in shares of Amprius Technologies in the fourth quarter worth $30,000. Institutional investors and hedge funds own 5.04% of the company’s stock.

Analysts Set New Price Targets

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