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

Amprius Technologies, Inc. (NYSE:AMPX) CEO Kang Sun sold 34,353 shares of the firm’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 directly owns 1,282,621 shares in the company, valued at $4,014,603.73. This trade represents a 2.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Amprius Technologies Trading Up 9.7 %

Shares of AMPX opened at $2.77 on Thursday. Amprius Technologies, Inc. has a 12 month low of $0.61 and a 12 month high of $4.20. The stock has a fifty day moving average price of $3.08 and a 200-day moving average price of $1.99. The firm has a market cap of $292.64 million, a PE ratio of -6.14 and a beta of 2.45.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AMPX shares. 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. Cantor Fitzgerald initiated coverage on 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 raised their price objective on Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Amprius Technologies has an average rating of “Buy” and a consensus price target of $9.29.

Institutional Investors Weigh In On Amprius Technologies

Institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. increased its holdings in shares of Amprius Technologies by 56.5% during the fourth quarter. Invesco Ltd. now owns 2,484,662 shares of the company’s stock valued at $6,957,000 after acquiring an additional 897,222 shares in the last quarter. Board of Trustees of The Leland Stanford Junior University acquired a new position in shares of Amprius Technologies in the fourth quarter valued at about $4,081,000. Renaissance Technologies LLC increased its holdings in shares of Amprius Technologies by 5,740.5% in the fourth quarter. Renaissance Technologies LLC now owns 765,100 shares of the company’s stock valued at $2,142,000 after purchasing an additional 752,000 shares during the period. Millennium Management LLC purchased a new position in shares of Amprius Technologies in the fourth quarter worth about $2,009,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Amprius Technologies by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 580,819 shares of the company’s stock worth $1,626,000 after purchasing an additional 32,681 shares during the period. 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.