Aspen Aerogels, Inc. (NYSE:ASPN) SVP Corby C. Whitaker Sells 55,159 Shares

Aspen Aerogels, Inc. (NYSE:ASPN - Get Free Report) SVP Corby C. Whitaker sold 55,159 shares of Aspen Aerogels stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $25.01, for a total transaction of $1,379,526.59. Following the sale, the senior vice president now directly owns 131,533 shares in the company, valued at $3,289,640.33. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Aspen Aerogels Stock Up 1.4 %

Shares of Aspen Aerogels stock traded up $0.37 on Wednesday, hitting $26.64. The company had a trading volume of 1,297,146 shares, compared to its average volume of 1,120,329. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of -60.55 and a beta of 1.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.29 and a current ratio of 4.01. Aspen Aerogels, Inc. has a 1 year low of $5.32 and a 1 year high of $27.09. The stock has a 50 day moving average of $17.27 and a 200-day moving average of $14.13.

Aspen Aerogels (NYSE:ASPN - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The construction company reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.12) by $0.11. Aspen Aerogels had a negative return on equity of 6.35% and a negative net margin of 10.73%. The business had revenue of $84.22 million during the quarter, compared to analyst estimates of $83.82 million. During the same period in the prior year, the firm posted ($0.20) EPS. As a group, sell-side analysts forecast that Aspen Aerogels, Inc. will post 0.03 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ASPN. Canaccord Genuity Group boosted their price target on shares of Aspen Aerogels from $18.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, May 3rd. HC Wainwright boosted their target price on Aspen Aerogels from $20.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, May 3rd. B. Riley increased their price target on Aspen Aerogels from $24.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, May 3rd. TheStreet upgraded Aspen Aerogels from a "d+" rating to a "c-" rating in a report on Wednesday, March 6th. Finally, Roth Mkm reiterated a "buy" rating and issued a $22.00 target price on shares of Aspen Aerogels in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Aspen Aerogels presently has a consensus rating of "Moderate Buy" and an average target price of $25.17.

Hedge Funds Weigh In On Aspen Aerogels

Several institutional investors have recently added to or reduced their stakes in ASPN. Swiss National Bank boosted its holdings in shares of Aspen Aerogels by 16.2% in the first quarter. Swiss National Bank now owns 120,500 shares of the construction company's stock worth $2,121,000 after acquiring an additional 16,800 shares during the period. Oppenheimer & Co. Inc. bought a new stake in Aspen Aerogels during the 1st quarter worth approximately $388,000. GSA Capital Partners LLP bought a new stake in Aspen Aerogels during the 1st quarter worth approximately $1,181,000. BNP Paribas Financial Markets lifted its stake in Aspen Aerogels by 85.2% in the 1st quarter. BNP Paribas Financial Markets now owns 25,706 shares of the construction company's stock worth $452,000 after purchasing an additional 11,823 shares in the last quarter. Finally, Bridgewater Advisors Inc. bought a new position in Aspen Aerogels in the 1st quarter valued at $750,000. Institutional investors own 97.64% of the company's stock.

About Aspen Aerogels

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier.