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

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) insider Jonathan Bornstein sold 13,527 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $42,339.51. Following the transaction, the insider now directly owns 419,197 shares of the company's stock, valued at $1,312,086.61. This trade represents a 3.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Amprius Technologies Stock Performance

Shares of NYSE:AMPX traded up $0.02 during midday trading on Friday, hitting $2.56. 1,644,454 shares of the company's stock traded hands, compared to its average volume of 3,565,154. Amprius Technologies, Inc. has a twelve month low of $0.61 and a twelve month high of $4.20. The company has a market cap of $270.42 million, a PE ratio of -5.68 and a beta of 2.45. The firm's fifty day moving average price is $3.10 and its two-hundred day moving average price is $2.00.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Northland Securities boosted their price objective 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 initiated coverage on 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, HC Wainwright restated a "buy" rating and issued a $10.00 price objective on shares of Amprius Technologies in a report on Monday, November 11th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Amprius Technologies currently has an average rating of "Buy" and an average price target of $9.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers grew its stake in shares of Amprius Technologies by 49.4% in 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 in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Amprius Technologies in the 4th quarter worth approximately $28,000. JPMorgan Chase & Co. grew its position in Amprius Technologies by 343.1% in the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company's stock valued at $30,000 after acquiring an additional 20,939 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in shares of Amprius Technologies during the fourth quarter valued at approximately $30,000. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of Amprius Technologies by 29.8% during 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 in the last quarter. 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.