Aspen Aerogels, Inc. (NYSE:ASPN) CEO Sells $1,902,550.65 in Stock

Aspen Aerogels, Inc. (NYSE:ASPN) CEO Donald R. Young sold 63,355 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $30.03, for a total value of $1,902,550.65. Following the completion of the sale, the chief executive officer now owns 483,640 shares of the company’s stock, valued at approximately $14,523,709.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Aspen Aerogels Price Performance

Shares of ASPN stock opened at $24.16 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.82 and a current ratio of 3.46. Aspen Aerogels, Inc. has a fifty-two week low of $6.62 and a fifty-two week high of $33.15. The firm has a market cap of $1.84 billion, a P/E ratio of -54.91 and a beta of 2.16. The business’s 50 day moving average price is $25.33 and its 200-day moving average price is $23.82.

Aspen Aerogels (NYSE:ASPN) last released its quarterly earnings results on Wednesday, August 7th. The construction company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.16. Aspen Aerogels had a net margin of 0.39% and a return on equity of 0.74%. The business had revenue of $117.80 million for the quarter, compared to analysts’ expectations of $101.99 million. During the same quarter in the previous year, the business posted ($0.22) earnings per share. The firm’s revenue for the quarter was up 144.4% compared to the same quarter last year. On average, equities research analysts anticipate that Aspen Aerogels, Inc. will post 0.21 earnings per share for the current year.

Wall Street Analyst Weigh In

ASPN has been the subject of a number of recent research reports. Benchmark restated a “buy” rating and issued a $14.00 price objective on shares of Aspen Aerogels in a report on Thursday, August 8th. HC Wainwright upped their price target on shares of Aspen Aerogels from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, August 9th. TD Cowen lifted their price objective on Aspen Aerogels from $36.00 to $41.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Barclays started coverage on Aspen Aerogels in a report on Tuesday, August 6th. They set an “overweight” rating and a $27.00 target price for the company. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $36.00 price target on shares of Aspen Aerogels in a research note on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.70.

Hedge Funds Weigh In On Aspen Aerogels

A number of institutional investors have recently bought and sold shares of the stock. Banque Cantonale Vaudoise grew its holdings in shares of Aspen Aerogels by 37.5% during the 1st quarter. Banque Cantonale Vaudoise now owns 4,593 shares of the construction company’s stock worth $81,000 after acquiring an additional 1,252 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Aspen Aerogels in the 2nd quarter valued at approximately $84,000. nVerses Capital LLC bought a new stake in shares of Aspen Aerogels during the second quarter valued at approximately $95,000. Point72 DIFC Ltd purchased a new stake in Aspen Aerogels in the second quarter worth $121,000. Finally, Public Employees Retirement Association of Colorado bought a new position in Aspen Aerogels in the second quarter worth $145,000. 97.64% of the stock is owned by institutional investors.

About Aspen Aerogels

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier.