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

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) CEO Kang Sun sold 34,353 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $107,524.89. Following the transaction, the chief executive officer now owns 1,282,621 shares in the company, valued at approximately $4,014,603.73. The trade was a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Amprius Technologies Stock Up 0.6 %

Amprius Technologies stock traded up $0.02 during mid-day trading on Friday, hitting $2.56. 1,644,454 shares of the company's stock were exchanged, compared to its average volume of 3,565,154. Amprius Technologies, Inc. has a fifty-two week low of $0.61 and a fifty-two week high of $4.20. The firm has a market capitalization of $270.42 million, a P/E ratio of -5.68 and a beta of 2.45. The company's 50 day simple moving average is $3.10 and its 200-day simple moving average is $2.00.

Analysts Set New Price Targets

Several analysts have commented on the stock. Northland Securities upped their target price on shares of Amprius Technologies from $4.00 to $10.00 and gave the company an "outperform" rating in a research report on Friday, January 10th. HC Wainwright reiterated a "buy" rating and issued a $10.00 price objective on shares of Amprius Technologies in a report on Monday, November 11th. Finally, Cantor Fitzgerald started coverage on Amprius Technologies in a report on Tuesday, January 21st. They set an "overweight" rating and a $10.00 target price on the stock. 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 data from MarketBeat.com, Amprius Technologies currently has an average rating of "Buy" and a consensus price target of $9.29.

Institutional Investors Weigh In On Amprius Technologies

Hedge funds have recently modified their holdings of the business. Rhumbline Advisers increased 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 purchasing an additional 3,222 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Amprius Technologies in the fourth quarter valued at approximately $28,000. JPMorgan Chase & Co. increased 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 in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of Amprius Technologies during the fourth quarter worth $30,000. Finally, B. Riley Wealth Advisors Inc. lifted its position in Amprius Technologies by 29.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company's stock valued at $31,000 after acquiring 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.