Insider Buying: Aspen Aerogels CFO Purchases 1,000 Shares of Stock (ASPN)
Aspen Aerogels (NASDAQ:ASPN) CFO John F. Fairbanks bought 1,000 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were purchased at an average cost of $10.85 per share, for a total transaction of $10,850.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,485 shares in the company, valued at approximately $16,112. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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.
Shares of Aspen Aerogels (NASDAQ:ASPN) traded down 0.65% on Monday, hitting $10.72. The stock had a trading volume of 45,803 shares. Aspen Aerogels has a 52 week low of $8.04 and a 52 week high of $11.74. The stock has a 50-day moving average of $9.79 and a 200-day moving average of $10.11. The company’s market cap is $220.6 million.
Aspen Aerogels (NASDAQ:ASPN) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.14) EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue was up 15.7% on a year-over-year basis. 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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