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

Amprius Technologies, Inc. (NYSE:AMPX) CEO Kang Sun sold 34,353 shares of Amprius Technologies stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $3.13, for a total value of $107,524.89. Following the completion of the transaction, the chief executive officer now owns 1,282,621 shares in the company, valued at $4,014,603.73. This trade represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Amprius Technologies Stock Down 6.8 %

Shares of AMPX opened at $2.80 on Tuesday. Amprius Technologies, Inc. has a 52-week low of $0.61 and a 52-week high of $4.20. The company has a 50-day simple moving average of $3.02 and a 200-day simple moving average of $1.97. The company has a market capitalization of $295.82 million, a PE ratio of -6.21 and a beta of 2.45.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AMPX shares. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price target on shares of Amprius Technologies in a report on Monday, November 11th. Cantor Fitzgerald started coverage on shares of Amprius Technologies in a report on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 target price on the stock. Finally, Northland Securities increased their price target 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. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $9.29.

Institutional Investors Weigh In On Amprius Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of AMPX. Invesco Ltd. increased its stake in Amprius Technologies by 56.5% in the 4th quarter. Invesco Ltd. now owns 2,484,662 shares of the company’s stock valued at $6,957,000 after purchasing an additional 897,222 shares in the last quarter. Board of Trustees of The Leland Stanford Junior University acquired a new stake in Amprius Technologies in the fourth quarter valued at $4,081,000. Renaissance Technologies LLC increased its position 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 buying an additional 752,000 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Amprius Technologies during the 4th quarter worth $2,009,000. Finally, Geode Capital Management LLC boosted its position in shares of Amprius Technologies by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 580,819 shares of the company’s stock worth $1,626,000 after buying an additional 32,681 shares in the last quarter. 5.04% of the stock is currently owned by institutional investors and hedge funds.

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.