Aspen Aerogels Inc (NYSE:ASPN) major shareholder Craig A. Huff sold 2,895,981 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $4.30, for a total transaction of $12,452,718.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Aspen Aerogels Inc (NYSE:ASPN) opened at $5.07 on Thursday. Aspen Aerogels Inc has a 1-year low of $3.84 and a 1-year high of $5.13.
Aspen Aerogels (NYSE:ASPN) last posted its earnings results on Thursday, November 2nd. The construction company reported ($0.13) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.01. The firm had revenue of $27.20 million during the quarter, compared to the consensus estimate of $28.23 million. Aspen Aerogels had a negative net margin of 22.72% and a negative return on equity of 21.86%. The company’s revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.13) EPS. equities analysts anticipate that Aspen Aerogels Inc will post -0.88 earnings per share for the current year.
Separately, Zacks Investment Research lowered shares of Aspen Aerogels from a “buy” rating to a “hold” rating in a report on Monday, September 11th.
About Aspen Aerogels
Aspen Aerogels, Inc is an energy technology company that designs, develops and manufactures aerogel insulation used primarily in energy infrastructure facilities. The Company also performs contract research services for various federal and non-federal government agencies, including the Department of Defense, the Department of Energy and other institutions.
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