Insider Buying: Donald R. Young Buys 1,000 Shares of Aspen Aerogels Stock (ASPN)
Aspen Aerogels (NASDAQ:ASPN) CEO Donald R. Young acquired 1,000 shares of Aspen Aerogels stock on the open market in a transaction dated Friday, August 15th. The shares were purchased at an average cost of $10.28 per share, for a total transaction of $10,280.00. Following the acquisition, the chief executive officer now directly owns 10,576 shares in the company, valued at approximately $108,721. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
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 (NASDAQ:ASPN) opened at 10.23 on Thursday. 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 $9.7 and a 200-day moving average of $10.0. The company’s market cap is $210.6 million.
Aspen Aerogels (NASDAQ:ASPN) last announced its earnings results on Thursday, August 7th. The company reported ($0.14) earnings per share for the quarter, beating the analysts’ 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. Aspen Aerogels’s revenue was up 15.7% compared to the same quarter last year. On average, analysts predict that Aspen Aerogels will post $-5.51 earnings per share for the current fiscal year.
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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