Insider Buying: Aspen Aerogels CFO Buys 1,000 Shares of Stock (ASPN)
Aspen Aerogels (NASDAQ:ASPN) CFO John F. Fairbanks bought 1,000 shares of Aspen Aerogels stock on the open market in a transaction dated Monday, August 25th. The stock was purchased at an average price of $10.85 per share, with a total value of $10,850.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,485 shares of the company’s stock, valued at approximately $16,112. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Aspen Aerogels (NASDAQ:ASPN) opened at 10.81 on Wednesday. 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. and a 200-day moving average of $10.13. The company’s market cap is $222.5 million.
Aspen Aerogels (NASDAQ:ASPN) last posted 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 earnings per share for the current fiscal year.
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.
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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