Insider Selling: American Superconductor Corporation (NASDAQ:AMSC) Director Sells 9,703 Shares of Stock

Key Points

• Arthur H. House, a director at American Superconductor Corporation, sold 9,703 shares at an average price of $50.92, resulting in a total transaction value of approximately $494,076.76.
• Following the sale, House's ownership decreased by 16.62%, leaving him with 48,663 shares valued at around $2,477,919.96.
• American Superconductor's stock experienced a 6.1% drop on the day of the sale and has seen a significant 58.6% rise in revenue year over year, with earnings surpassing analysts' expectations.

American Superconductor Corporation (NASDAQ:AMSC - Get Free Report) Director Arthur H. House sold 9,703 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $50.92, for a total transaction of $494,076.76. Following the completion of the transaction, the director owned 48,663 shares in the company, valued at approximately $2,477,919.96. This trade represents a 16.62% 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.

American Superconductor Stock Performance

Shares of NASDAQ AMSC traded down $1.92 during trading on Wednesday, reaching $53.97. The company had a trading volume of 324,891 shares, compared to its average volume of 1,041,633. American Superconductor Corporation has a 52 week low of $13.98 and a 52 week high of $58.42. The stock has a market cap of $2.44 billion, a PE ratio of 139.49 and a beta of 2.95. The business's 50 day moving average price is $40.08 and its 200-day moving average price is $28.71.

American Superconductor (NASDAQ:AMSC - Get Free Report) last announced its earnings results on Wednesday, May 21st. The technology company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. The company had revenue of $66.66 million during the quarter, compared to the consensus estimate of $60.27 million. American Superconductor had a net margin of 6.00% and a return on equity of 9.35%. American Superconductor's quarterly revenue was up 58.6% on a year-over-year basis. Equities analysts anticipate that American Superconductor Corporation will post 0.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of American Superconductor from a "hold" rating to a "buy" rating in a research note on Tuesday, July 15th. Oppenheimer reaffirmed an "outperform" rating on shares of American Superconductor in a research note on Thursday, July 31st.

Institutional Investors Weigh In On American Superconductor

A number of institutional investors and hedge funds have recently modified their holdings of AMSC. Atreides Management LP acquired a new position in American Superconductor during the first quarter worth $14,948,000. Nuveen LLC acquired a new stake in American Superconductor in the first quarter valued at $14,123,000. Emerald Advisers LLC lifted its stake in American Superconductor by 1,191.5% in the second quarter. Emerald Advisers LLC now owns 500,054 shares of the technology company's stock valued at $18,347,000 after acquiring an additional 461,335 shares during the last quarter. Wellington Management Group LLP acquired a new stake in American Superconductor in the fourth quarter valued at $11,360,000. Finally, Trexquant Investment LP acquired a new stake in American Superconductor in the first quarter valued at $4,397,000. 52.28% of the stock is owned by institutional investors.

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.