Insider Buying: Aspen Aerogels CEO Purchases 1,000 Shares of Stock (ASPN)
Aspen Aerogels (NASDAQ:ASPN) CEO Donald R. Young purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was purchased at an average cost of $10.28 per share, with a total value of $10,280.00. Following the transaction, the chief executive officer now directly owns 10,576 shares of the company’s stock, valued at approximately $108,721. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Aspen Aerogels (NASDAQ:ASPN) traded up 2.59% on Tuesday, hitting $10.31. The stock had a trading volume of 43,292 shares. Aspen Aerogels has a one year low of $8.04 and a one year high of $11.74. The stock has a 50-day moving average of $9.8 and a 200-day moving average of $10.08. The company’s market cap is $212.2 million.
Aspen Aerogels (NASDAQ:ASPN) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.04. The company had revenue of $26.60 million for the quarter, compared to the consensus estimate of $24.38 million. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. Analysts expect that Aspen Aerogels will post $-5.51 EPS for the current fiscal year.
A number of research firms have recently commented on ASPN. Analysts at JPMorgan Chase & Co. initiated coverage on shares of Aspen Aerogels in a research note on Tuesday, July 8th. They set an “overweight” rating and a $17.00 price target on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of Aspen Aerogels in a research note on Tuesday, July 8th. They set a “buy” rating and a $13.50 price target on the stock. Finally, analysts at Citigroup Inc. initiated coverage on shares of Aspen Aerogels in a research note on Tuesday, July 8th. They set a “neutral” rating and a $12.00 price target on the stock.
Aspen Aerogels, Inc is an energy technology company that designs, develops and manufactures aerogel insulation used primarily in large-scale energy infrastructure facilities.
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