Corby C. Whitaker Sells 55,159 Shares of Aspen Aerogels, Inc. (NYSE:ASPN) Stock

Aspen Aerogels, Inc. (NYSE:ASPN) SVP Corby C. Whitaker sold 55,159 shares of Aspen Aerogels stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $25.01, for a total value of $1,379,526.59. Following the sale, the senior vice president now owns 131,533 shares in the company, valued at $3,289,640.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Aspen Aerogels Stock Up 0.4 %

NYSE:ASPN opened at $26.73 on Friday. The company has a current ratio of 4.01, a quick ratio of 3.29 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $17.46 and a 200-day moving average of $14.22. The firm has a market capitalization of $2.04 billion, a PE ratio of -60.75 and a beta of 1.97. Aspen Aerogels, Inc. has a 52 week low of $5.32 and a 52 week high of $27.19.

Aspen Aerogels (NYSE:ASPN) last issued its quarterly earnings data on Tuesday, February 13th. The construction company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.11. The firm had revenue of $84.22 million during the quarter, compared to the consensus estimate of $83.82 million. Aspen Aerogels had a negative return on equity of 6.35% and a negative net margin of 10.73%. During the same period in the prior year, the business earned ($0.20) EPS. Analysts predict that Aspen Aerogels, Inc. will post 0.03 EPS for the current year.

Institutional Trading of Aspen Aerogels

A number of large investors have recently modified their holdings of the company. Banque Cantonale Vaudoise grew its position in Aspen Aerogels by 37.5% in the 1st quarter. Banque Cantonale Vaudoise now owns 4,593 shares of the construction company’s stock worth $81,000 after purchasing an additional 1,252 shares during the last quarter. McAdam LLC bought a new position in Aspen Aerogels in the 4th quarter worth approximately $191,000. Mirae Asset Global Investments Co. Ltd. increased its position in Aspen Aerogels by 71.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,052 shares of the construction company’s stock valued at $198,000 after acquiring an additional 9,601 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Aspen Aerogels by 38.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,971 shares of the construction company’s stock valued at $205,000 after acquiring an additional 3,607 shares in the last quarter. Finally, Cornerstone Investment Partners LLC bought a new stake in Aspen Aerogels during the 4th quarter valued at $230,000. Institutional investors and hedge funds own 97.64% of the company’s stock.

Analyst Ratings Changes

ASPN has been the subject of a number of recent analyst reports. Piper Sandler raised their price target on shares of Aspen Aerogels from $20.00 to $29.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. B. Riley raised their price objective on shares of Aspen Aerogels from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Roth Mkm restated a “buy” rating and issued a $22.00 target price on shares of Aspen Aerogels in a research note on Tuesday, April 30th. TheStreet upgraded Aspen Aerogels from a “d+” rating to a “c-” rating in a research report on Wednesday, March 6th. Finally, HC Wainwright boosted their price target on Aspen Aerogels from $20.00 to $25.00 and gave the company a “buy” rating in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.17.

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.