Amprius Technologies, Inc. (NYSE:AMPX) CTO Sells $28,376.58 in Stock

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

Amprius Technologies Stock Down 6.8 %

AMPX traded down $0.21 during trading hours on Monday, reaching $2.80. 3,180,815 shares of the company’s stock traded hands, compared to its average volume of 3,692,507. The firm has a 50-day moving average price of $3.02 and a 200 day moving average price of $1.97. The firm has a market capitalization of $295.82 million, a PE ratio of -6.21 and a beta of 2.45. Amprius Technologies, Inc. has a 52-week low of $0.61 and a 52-week high of $4.20.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMPX. HC Wainwright reiterated a “buy” rating and issued a $10.00 target price on shares of Amprius Technologies in a report on Monday, November 11th. Cantor Fitzgerald assumed coverage on shares of Amprius Technologies in a research note on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price objective for the company. Finally, 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 report on Friday, January 10th. Six 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 company has an average rating of “Buy” and an average price target of $9.29.

Institutional Trading of Amprius Technologies

A number of large investors have recently made changes to their positions in AMPX. Wolverine Trading LLC purchased a new position in Amprius Technologies in the 4th quarter worth about $48,000. Two Sigma Advisers LP purchased a new stake in Amprius Technologies in the 4th quarter valued at about $128,000. Two Sigma Investments LP grew its stake in Amprius Technologies by 323.1% in the 4th quarter. Two Sigma Investments LP now owns 443,311 shares of the company’s stock worth $1,241,000 after acquiring an additional 338,524 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Amprius Technologies during the fourth quarter worth approximately $2,009,000. Finally, Blackstone Inc. bought a new stake in shares of Amprius Technologies during the fourth quarter valued at approximately $722,000. 5.04% of the stock is owned by hedge funds and other institutional investors.

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.