Jonathan Bornstein Sells 18,170 Shares of Amprius Technologies, Inc. (NYSE:AMPX) Stock

Amprius Technologies, Inc. (NYSE:AMPX) insider Jonathan Bornstein sold 18,170 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $1.96, for a total transaction of $35,613.20. Following the transaction, the insider now owns 454,131 shares of the company’s stock, valued at approximately $890,096.76. The trade was a 3.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Amprius Technologies Price Performance

Shares of Amprius Technologies stock opened at $1.94 on Friday. The business has a 50-day simple moving average of $1.41 and a 200 day simple moving average of $1.30. Amprius Technologies, Inc. has a one year low of $0.61 and a one year high of $6.02. The firm has a market capitalization of $205.33 million, a price-to-earnings ratio of -4.31 and a beta of 2.42.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in shares of Amprius Technologies during the second quarter valued at about $72,000. B. Riley Wealth Advisors Inc. lifted its position in Amprius Technologies by 84.4% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock valued at $29,000 after acquiring an additional 10,300 shares in the last quarter. AQR Capital Management LLC acquired a new position in Amprius Technologies during the 2nd quarter valued at about $99,000. Geode Capital Management LLC increased its holdings in Amprius Technologies by 50.9% during the 3rd quarter. Geode Capital Management LLC now owns 548,138 shares of the company’s stock worth $608,000 after purchasing an additional 184,863 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Amprius Technologies by 4.7% in the third quarter. State Street Corp now owns 286,390 shares of the company’s stock worth $318,000 after purchasing an additional 12,900 shares during the last quarter. Institutional investors and hedge funds own 5.04% of the company’s stock.

Analyst Ratings Changes

AMPX has been the subject of several recent analyst reports. Northland Securities decreased 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 report on Tuesday, August 13th. Roth Mkm lowered their price objective on Amprius Technologies from $10.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Oppenheimer cut their target price on Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. HC Wainwright reaffirmed a “buy” rating and set a $10.00 target price on shares of Amprius Technologies in a research note on Monday, November 11th. Finally, Northland Capmk raised Amprius Technologies to a “strong-buy” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $8.17.

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.