American Superconductor Co. (NASDAQ:AMSC) CFO John W. Kosiba, Jr. Sells 4,744 Shares

American Superconductor Co. (NASDAQ:AMSC - Get Free Report) CFO John W. Kosiba, Jr. sold 4,744 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $31.83, for a total value of $151,001.52. Following the completion of the transaction, the chief financial officer now owns 409,532 shares of the company's stock, valued at $13,035,403.56. This trade represents a 1.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

American Superconductor Stock Down 1.5%

Shares of NASDAQ:AMSC traded down $0.44 during midday trading on Thursday, reaching $29.23. The company's stock had a trading volume of 1,796,025 shares, compared to its average volume of 1,144,288. The business has a 50 day moving average price of $22.87 and a 200 day moving average price of $24.80. American Superconductor Co. has a 1 year low of $13.98 and a 1 year high of $38.02. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 417.63 and a beta of 2.87.

American Superconductor (NASDAQ:AMSC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The technology company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $66.66 million during the quarter, compared to analysts' expectations of $60.27 million. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. The business's revenue for the quarter was up 58.6% compared to the same quarter last year. Sell-side analysts anticipate that American Superconductor Co. will post 0.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Superconductor

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Gen Wealth Partners Inc purchased a new stake in shares of American Superconductor during the 4th quarter valued at $58,000. SBI Securities Co. Ltd. acquired a new position in American Superconductor in the fourth quarter valued at $65,000. Jones Financial Companies Lllp grew its position in American Superconductor by 1,083.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company's stock valued at $73,000 after acquiring an additional 2,708 shares during the period. PNC Financial Services Group Inc. grew its position in American Superconductor by 8,670.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company's stock valued at $73,000 after acquiring an additional 2,948 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in American Superconductor during the fourth quarter worth about $170,000. Institutional investors and hedge funds own 52.28% of the company's stock.

American Superconductor Company Profile

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand.