Aspen Aerogels, Inc. (NYSE:ASPN) CAO Sells $15,080.00 in Stock

Aspen Aerogels, Inc. (NYSE:ASPN) CAO Santhosh P. Daniel sold 2,000 shares of Aspen Aerogels stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $7.54, for a total value of $15,080.00. Following the sale, the chief accounting officer directly owned 17,879 shares in the company, valued at approximately $134,807.66. The trade was a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Aspen Aerogels Stock Up 2.7%

Shares of Aspen Aerogels stock opened at $7.25 on Friday. The company has a market cap of $597.11 million, a price-to-earnings ratio of -1.90 and a beta of 2.73. The company’s 50 day moving average is $6.86 and its 200 day moving average is $6.95. Aspen Aerogels, Inc. has a twelve month low of $4.16 and a twelve month high of $33.15. The company has a quick ratio of 3.31, a current ratio of 3.98 and a debt-to-equity ratio of 0.34.

Aspen Aerogels (NYSE:ASPN) last issued its quarterly earnings data on Thursday, August 7th. The construction company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.08. The company had revenue of $78.02 million for the quarter, compared to the consensus estimate of $72.53 million. Aspen Aerogels had a negative net margin of 78.53% and a positive return on equity of 2.92%. The firm’s revenue for the quarter was down 33.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Research analysts anticipate that Aspen Aerogels, Inc. will post 0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays cut Aspen Aerogels from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $7.00 to $16.00 in a research report on Monday. Oppenheimer lowered shares of Aspen Aerogels from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 8th. Finally, Canaccord Genuity Group dropped their price objective on shares of Aspen Aerogels from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Aspen Aerogels currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.50.

Institutional Trading of Aspen Aerogels

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its stake in shares of Aspen Aerogels by 1,094.8% in the second quarter. Nisa Investment Advisors LLC now owns 4,791 shares of the construction company’s stock worth $28,000 after purchasing an additional 4,390 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in shares of Aspen Aerogels by 67.3% in the second quarter. SBI Securities Co. Ltd. now owns 6,343 shares of the construction company’s stock worth $38,000 after purchasing an additional 2,551 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Aspen Aerogels by 184.6% in the second quarter. Tower Research Capital LLC TRC now owns 7,235 shares of the construction company’s stock worth $43,000 after purchasing an additional 4,693 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Aspen Aerogels in the first quarter worth $43,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Aspen Aerogels in the first quarter worth $45,000. 97.64% of the stock is owned by hedge funds and other institutional investors.

Aspen Aerogels Company Profile

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.