Insider Selling: Amprius Technologies, Inc. (NYSE:AMPX) CFO Sells 17,158 Shares of Stock

Amprius Technologies, Inc. (NYSE:AMPX) CFO Sandra Wallach sold 17,158 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.96, for a total transaction of $33,629.68. Following the completion of the sale, the chief financial officer now owns 696,142 shares of the company’s stock, valued at $1,364,438.32. This trade represents a 2.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Amprius Technologies Stock Performance

NYSE:AMPX opened at $1.94 on Friday. The firm has a 50-day moving average price of $1.41 and a two-hundred day moving average price of $1.30. Amprius Technologies, Inc. has a twelve month low of $0.61 and a twelve month high of $6.02.

Amprius Technologies (NYSE:AMPX) last posted its earnings results on Thursday, November 7th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.01. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. The firm had revenue of $7.86 million during the quarter, compared to the consensus estimate of $7.70 million. During the same period last year, the firm posted ($0.10) EPS. On average, equities analysts anticipate that Amprius Technologies, Inc. will post -0.44 earnings per share for the current year.

Institutional Investors Weigh In On Amprius Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. grew its holdings in shares of Amprius Technologies by 84.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock worth $29,000 after buying an additional 10,300 shares in the last quarter. State Street Corp grew its holdings in shares of Amprius Technologies by 4.7% during the third quarter. State Street Corp now owns 286,390 shares of the company’s stock worth $318,000 after buying an additional 12,900 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Amprius Technologies during the second quarter worth about $72,000. AQR Capital Management LLC purchased a new stake in shares of Amprius Technologies during the second quarter worth about $99,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Amprius Technologies by 124.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock valued at $304,000 after purchasing an additional 152,102 shares during the period. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Roth Mkm reduced their price objective on shares of Amprius Technologies from $10.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Oppenheimer reduced their price objective on shares of Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Northland Securities reduced their price objective on shares of Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Northland Capmk upgraded shares of Amprius Technologies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, HC Wainwright reiterated a “buy” rating and issued a $10.00 price objective on shares of Amprius Technologies in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $8.17.

About Amprius Technologies

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.