Roth Mkm Boosts American Superconductor (NASDAQ:AMSC) Price Target to $27.00

American Superconductor (NASDAQ:AMSCFree Report) had its price objective increased by Roth Mkm from $20.00 to $27.00 in a research note issued to investors on Thursday morning, Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

AMSC has been the subject of several other research reports. Oppenheimer upped their price target on shares of American Superconductor from $16.00 to $23.00 and gave the stock an outperform rating in a research report on Friday, May 31st. Craig Hallum upped their price target on shares of American Superconductor from $16.00 to $23.00 and gave the stock a buy rating in a research report on Friday, May 31st.

View Our Latest Research Report on American Superconductor

American Superconductor Price Performance

Shares of AMSC stock opened at $25.92 on Thursday. The company has a market capitalization of $958.91 million, a P/E ratio of -66.46 and a beta of 2.08. The company’s 50-day simple moving average is $15.48 and its two-hundred day simple moving average is $13.19. American Superconductor has a one year low of $5.25 and a one year high of $27.38.

Insider Activity at American Superconductor

In related news, CFO John W. Kosiba, Jr. sold 32,000 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $21.68, for a total transaction of $693,760.00. Following the completion of the sale, the chief financial officer now owns 316,136 shares of the company’s stock, valued at $6,853,828.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO John W. Kosiba, Jr. sold 32,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $21.68, for a total transaction of $693,760.00. Following the sale, the chief financial officer now owns 316,136 shares in the company, valued at $6,853,828.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Daniel P. Mcgahn sold 37,165 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $21.69, for a total transaction of $806,108.85. Following the sale, the chief executive officer now owns 1,019,956 shares in the company, valued at approximately $22,122,845.64. The disclosure for this sale can be found here. Insiders sold 118,724 shares of company stock valued at $2,234,333 over the last 90 days. Insiders own 6.10% of the company’s stock.

Institutional Trading of American Superconductor

Several institutional investors have recently modified their holdings of AMSC. Virtu Financial LLC purchased a new position in shares of American Superconductor in the first quarter worth about $152,000. AWM Investment Company Inc. lifted its stake in shares of American Superconductor by 19.4% in the first quarter. AWM Investment Company Inc. now owns 2,661,319 shares of the technology company’s stock worth $35,954,000 after buying an additional 433,018 shares in the last quarter. Hood River Capital Management LLC purchased a new position in shares of American Superconductor in the first quarter worth about $21,870,000. Quadrature Capital Ltd purchased a new position in shares of American Superconductor in the first quarter worth about $203,000. Finally, CM Management LLC lifted its stake in shares of American Superconductor by 28.2% in the first quarter. CM Management LLC now owns 250,000 shares of the technology company’s stock worth $3,378,000 after buying an additional 55,000 shares in the last quarter. Institutional investors and hedge funds own 52.28% of the company’s stock.

American Superconductor Company Profile

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American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand; and engineering planning services.

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