Amprius Technologies, Inc. (NYSE:AMPX) Insider Jonathan Bornstein Sells 13,527 Shares

Amprius Technologies, Inc. (NYSE:AMPX) insider Jonathan Bornstein sold 13,527 shares of the 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 $42,339.51. Following the completion of the sale, the insider now directly owns 419,197 shares of the company’s stock, valued at approximately $1,312,086.61. This trade represents a 3.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Amprius Technologies Stock Performance

Amprius Technologies stock opened at $2.80 on Tuesday. 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 50 day moving average price of $3.02 and a 200 day moving average price 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.

Institutional Trading of Amprius Technologies

Several institutional investors have recently added to or reduced their stakes in AMPX. Board of Trustees of The Leland Stanford Junior University acquired a new stake in Amprius Technologies in the 4th quarter valued at approximately $4,081,000. Invesco Ltd. increased its holdings 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 during the last quarter. Renaissance Technologies LLC boosted its position in Amprius Technologies by 5,740.5% in the 4th 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 during the period. Millennium Management LLC purchased a new position in Amprius Technologies in the 4th quarter valued at approximately $2,009,000. Finally, Two Sigma Investments LP boosted its position in Amprius Technologies by 323.1% in the 4th quarter. Two Sigma Investments LP now owns 443,311 shares of the company’s stock valued at $1,241,000 after buying an additional 338,524 shares during the period. Institutional investors and hedge funds own 5.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. HC Wainwright reissued a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a research note on Monday, November 11th. Cantor Fitzgerald assumed coverage on shares of Amprius Technologies in a research note on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 price target for the company. Finally, Northland Securities increased their price target on shares of Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target 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.