15,175 Shares in Aspen Aerogels, Inc. (NYSE:ASPN) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in shares of Aspen Aerogels, Inc. (NYSE:ASPN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,175 shares of the construction company’s stock, valued at approximately $420,000.

A number of other large investors have also bought and sold shares of the company. Assenagon Asset Management S.A. grew its stake in shares of Aspen Aerogels by 577.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 244,512 shares of the construction company’s stock worth $5,832,000 after acquiring an additional 208,398 shares during the period. Calamos Advisors LLC bought a new position in Aspen Aerogels during the second quarter worth about $328,000. Bank of New York Mellon Corp increased its stake in shares of Aspen Aerogels by 26.2% in the second quarter. Bank of New York Mellon Corp now owns 226,666 shares of the construction company’s stock worth $5,406,000 after purchasing an additional 46,988 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Aspen Aerogels by 10.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,310 shares of the construction company’s stock valued at $341,000 after purchasing an additional 1,339 shares during the period. Finally, nVerses Capital LLC purchased a new stake in shares of Aspen Aerogels during the 2nd quarter valued at approximately $95,000. 97.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Aspen Aerogels

In related news, CEO Donald R. Young sold 63,355 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $30.03, for a total transaction of $1,902,550.65. Following the transaction, the chief executive officer now directly owns 483,640 shares of the company’s stock, valued at approximately $14,523,709.20. This trade represents a 11.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 4.30% of the stock is currently owned by insiders.

Aspen Aerogels Trading Down 1.6 %

Shares of Aspen Aerogels stock opened at $12.93 on Tuesday. The company has a 50 day simple moving average of $17.13 and a two-hundred day simple moving average of $22.78. The firm has a market cap of $1.06 billion, a PE ratio of 1,293.00 and a beta of 2.11. Aspen Aerogels, Inc. has a 1 year low of $10.75 and a 1 year high of $33.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.93 and a quick ratio of 2.48.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. HC Wainwright reiterated a “buy” rating and issued a $30.00 price objective on shares of Aspen Aerogels in a research note on Wednesday, October 16th. Piper Sandler reduced their price target on Aspen Aerogels from $36.00 to $33.00 and set an “overweight” rating for the company in a research report on Tuesday, October 22nd. TD Cowen increased their price objective on Aspen Aerogels from $36.00 to $41.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Barclays reduced their target price on Aspen Aerogels from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, November 12th. Finally, StockNews.com upgraded Aspen Aerogels to a “sell” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.70.

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.