Aspen Aerogels, Inc. (NYSE:ASPN) CEO Purchases $107,000.00 in Stock

Aspen Aerogels, Inc. (NYSE:ASPN) CEO Donald R. Young acquired 20,000 shares of the stock in a transaction dated Monday, May 12th. The stock was bought at an average cost of $5.35 per share, with a total value of $107,000.00. Following the completion of the purchase, the chief executive officer now directly owns 550,856 shares in the company, valued at approximately $2,947,079.60. The trade was a 3.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Aspen Aerogels Stock Down 3.4%

Shares of ASPN opened at $5.74 on Thursday. The firm has a market capitalization of $471.28 million, a P/E ratio of 35.88 and a beta of 2.72. Aspen Aerogels, Inc. has a 12-month low of $4.16 and a 12-month high of $33.15. The company has a current ratio of 2.93, a quick ratio of 2.48 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average price of $5.95 and a 200-day moving average price of $10.31.

Aspen Aerogels (NYSE:ASPN) last announced its quarterly earnings data on Thursday, May 8th. The construction company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $78.72 million during the quarter, compared to analyst estimates of $82.75 million. Aspen Aerogels had a net margin of 2.95% and a return on equity of 7.49%. The firm’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.02) EPS. Equities research analysts expect that Aspen Aerogels, Inc. will post 0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ASPN. TD Cowen upgraded Aspen Aerogels to a “strong-buy” rating in a report on Tuesday, March 11th. Roth Mkm cut their price objective on shares of Aspen Aerogels from $22.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. StockNews.com raised shares of Aspen Aerogels to a “sell” rating in a research note on Wednesday, February 19th. Canaccord Genuity Group dropped their price target on shares of Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Finally, B. Riley cut their price target on shares of Aspen Aerogels from $35.00 to $22.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $19.11.

Hedge Funds Weigh In On Aspen Aerogels

Institutional investors have recently modified their holdings of the stock. Banque Cantonale Vaudoise bought a new position in Aspen Aerogels in the first quarter worth approximately $45,000. Exchange Traded Concepts LLC lifted its holdings in shares of Aspen Aerogels by 460.4% in the 1st quarter. Exchange Traded Concepts LLC now owns 7,436 shares of the construction company’s stock worth $48,000 after buying an additional 6,109 shares during the period. CWM LLC grew its position in shares of Aspen Aerogels by 2,137.9% during the 1st quarter. CWM LLC now owns 8,325 shares of the construction company’s stock worth $53,000 after buying an additional 7,953 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Aspen Aerogels during the 1st quarter worth $65,000. Finally, FORA Capital LLC purchased a new position in shares of Aspen Aerogels during the first quarter valued at $79,000. 97.64% of the stock is owned by hedge funds and other 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.