Amprius Technologies, Inc. (NYSE:AMPX) CFO Sells $56,784.46 in Stock

Amprius Technologies, Inc. (NYSE:AMPX) CFO Sandra Wallach sold 18,142 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were 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 directly owns 678,000 shares in the company, valued at approximately $2,122,140. This trade represents a 2.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Amprius Technologies Trading Down 6.8 %

Shares of AMPX opened at $2.80 on Tuesday. The firm has a market cap of $295.82 million, a PE ratio of -6.21 and a beta of 2.45. The company’s 50 day simple moving average is $3.02 and its 200-day simple moving average is $1.97. Amprius Technologies, Inc. has a 12-month low of $0.61 and a 12-month high of $4.20.

Hedge Funds Weigh In On Amprius Technologies

A number of hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its position 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 acquiring an additional 3,055 shares during the last quarter. Rhumbline Advisers grew its position 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 acquiring an additional 3,222 shares during the last quarter. B. Riley Wealth Advisors Inc. grew 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 acquiring an additional 6,700 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of Amprius Technologies during the fourth quarter worth approximately $28,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in shares of Amprius Technologies during the fourth quarter worth approximately $30,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AMPX. Northland Securities raised their price objective on shares of Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. HC Wainwright reissued a “buy” rating and set a $10.00 price objective on shares of Amprius Technologies in a report on Monday, November 11th. Finally, Cantor Fitzgerald began coverage on shares of Amprius Technologies in a report on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price objective 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 stock. According to MarketBeat.com, Amprius Technologies currently has a consensus rating of “Buy” and a consensus 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.