American Superconductor (NASDAQ:AMSC) Shares Gap Up - Should You Buy?

American Superconductor Co. (NASDAQ:AMSC - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $27.38, but opened at $28.00. American Superconductor shares last traded at $27.05, with a volume of 281,388 shares changing hands.

Wall Street Analyst Weigh In

Separately, Oppenheimer increased their price target on American Superconductor from $33.00 to $39.00 and gave the company an "outperform" rating in a report on Friday, February 7th.

American Superconductor Stock Up 0.9%

The firm's 50-day moving average price is $20.80 and its 200 day moving average price is $24.78. The firm has a market cap of $1.12 billion, a P/E ratio of 404.06 and a beta of 2.81.

American Superconductor (NASDAQ:AMSC - Get Free Report) last posted its 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. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. The firm had revenue of $66.66 million for the quarter, compared to analysts' expectations of $60.27 million. American Superconductor's quarterly revenue was up 58.6% on a year-over-year basis. On average, equities analysts predict that American Superconductor Co. will post 0.41 earnings per share for the current year.

Insider Buying and Selling

In other American Superconductor news, CEO Daniel P. Mcgahn sold 122,655 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $26.39, for a total transaction of $3,236,865.45. Following the transaction, the chief executive officer now directly owns 1,304,486 shares in the company, valued at $34,425,385.54. This trade represents a 8.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John W. Kosiba, Jr. sold 50,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $26.40, for a total value of $1,320,000.00. Following the transaction, the chief financial officer now owns 414,276 shares in the company, valued at approximately $10,936,886.40. This trade represents a 10.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On American Superconductor

Institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System increased its stake in shares of American Superconductor by 4.1% in the fourth quarter. Arizona State Retirement System now owns 11,092 shares of the technology company's stock worth $273,000 after purchasing an additional 439 shares during the period. Atria Wealth Solutions Inc. increased its stake in shares of American Superconductor by 4.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 12,475 shares of the technology company's stock worth $307,000 after purchasing an additional 500 shares during the period. Rhumbline Advisers increased its stake in shares of American Superconductor by 1.2% in the fourth quarter. Rhumbline Advisers now owns 51,119 shares of the technology company's stock worth $1,259,000 after purchasing an additional 606 shares during the period. California State Teachers Retirement System increased its stake in shares of American Superconductor by 2.0% in the fourth quarter. California State Teachers Retirement System now owns 35,559 shares of the technology company's stock worth $876,000 after purchasing an additional 709 shares during the period. Finally, Sei Investments Co. increased its stake in shares of American Superconductor by 1.9% in the first quarter. Sei Investments Co. now owns 53,070 shares of the technology company's stock worth $963,000 after purchasing an additional 964 shares during the period. 52.28% of the stock is currently owned by institutional investors.

About American Superconductor

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.