Aspen Aerogels (NYSE:ASPN) Stock: Insider Wood River Capital, Llc Sells 12,280,426 Shares

Aspen Aerogels, Inc. (NYSE:ASPN) major shareholder Wood River Capital, Llc sold 12,280,426 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $4.73, for a total value of $58,086,414.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Aspen Aerogels Stock Down 6.8%

Shares of ASPN stock traded down $0.39 during trading hours on Thursday, reaching $5.29. 2,364,746 shares of the stock were exchanged, compared to its average volume of 683,511. The business’s fifty day moving average is $5.19 and its two-hundred day moving average is $4.87. The firm has a market capitalization of $439.18 million, a P/E ratio of -3.46 and a beta of 2.97. Aspen Aerogels, Inc. has a 12-month low of $2.30 and a 12-month high of $9.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.52 and a quick ratio of 2.24.

Aspen Aerogels (NYSE:ASPN) last issued its quarterly earnings results on Thursday, August 6th. The construction company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.01. Aspen Aerogels had a negative net margin of 62.45% and a negative return on equity of 31.12%. The company had revenue of $49.85 million during the quarter, compared to the consensus estimate of $42.42 million. Aspen Aerogels has set its Q3 2026 guidance at -0.110–0.070 EPS. As a group, research analysts expect that Aspen Aerogels, Inc. will post -0.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ASPN. WINTON GROUP Ltd purchased a new position in shares of Aspen Aerogels during the second quarter worth approximately $388,000. Baird Financial Group Inc. purchased a new stake in Aspen Aerogels in the 2nd quarter valued at $2,189,000. Concurrent Investment Advisors LLC raised its position in Aspen Aerogels by 6.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 32,050 shares of the construction company’s stock valued at $203,000 after purchasing an additional 2,000 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Aspen Aerogels during the 2nd quarter worth $174,000. Finally, Equitable Holdings Inc. acquired a new stake in Aspen Aerogels during the 2nd quarter worth $88,000. 97.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ASPN has been the subject of a number of analyst reports. Roth Capital reiterated a “buy” rating and set a $7.75 target price on shares of Aspen Aerogels in a research note on Friday, August 7th. B. Riley Financial restated a “buy” rating on shares of Aspen Aerogels in a research note on Friday, August 7th. Barclays lifted their price target on Aspen Aerogels from $4.00 to $5.00 and gave the stock an “underweight” rating in a report on Tuesday, August 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aspen Aerogels in a report on Monday. Finally, Wall Street Zen lowered Aspen Aerogels from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $5.94.

Aspen Aerogels Company Profile

Aspen Aerogels, Inc is a technology company that develops, manufactures and sells advanced aerogel-based materials. Aerogels are highly porous materials designed to provide thermal insulation, fire protection and other performance benefits in applications where conventional insulation may be less effective or require more space.

The company serves the energy, industrial and automotive markets. Its products include thermal barriers for electric vehicle batteries, insulation materials for industrial and energy infrastructure, and specialty aerogel products used in applications involving heat management, fire mitigation and cryogenic or high-temperature environments.