48,482 Shares in Aspen Aerogels, Inc. (NYSE:ASPN) Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC acquired a new stake in Aspen Aerogels, Inc. (NYSE:ASPN) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 48,482 shares of the construction company’s stock, valued at approximately $1,342,000. Penserra Capital Management LLC owned 0.06% of Aspen Aerogels as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 buying an additional 1,339 shares during the period. nVerses Capital LLC grew its holdings in shares of Aspen Aerogels by 45.0% during the 3rd quarter. nVerses Capital LLC now owns 5,800 shares of the construction company’s stock worth $161,000 after purchasing an additional 1,800 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Aspen Aerogels by 15.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,580 shares of the construction company’s stock worth $257,000 after purchasing an additional 1,938 shares during the period. Point72 Hong Kong Ltd acquired a new position in Aspen Aerogels in the second quarter valued at about $84,000. Finally, Quent Capital LLC bought a new stake in Aspen Aerogels during the third quarter worth about $118,000. Institutional investors and hedge funds own 97.64% of the company’s stock.

Insider Activity

In related news, CEO Donald R. Young sold 63,355 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $30.03, for a total value of $1,902,550.65. Following the sale, the chief executive officer now owns 483,640 shares of the company’s stock, valued at $14,523,709.20. The trade was a 11.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Benchmark reaffirmed a “buy” rating and set a $14.00 price target on shares of Aspen Aerogels in a report on Thursday, August 8th. StockNews.com upgraded Aspen Aerogels to a “sell” rating in a research note on Wednesday, November 13th. Roth Mkm reduced their target price on Aspen Aerogels from $36.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Barclays lowered their price target 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, HC Wainwright reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Aspen Aerogels in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.70.

Aspen Aerogels Price Performance

Aspen Aerogels stock opened at $14.33 on Wednesday. The stock has a 50-day moving average price of $20.69 and a two-hundred day moving average price of $24.15. Aspen Aerogels, Inc. has a 12 month low of $10.31 and a 12 month high of $33.15. The company has a market capitalization of $1.18 billion, a PE ratio of 1,433.00 and a beta of 2.21. The company has a current ratio of 2.93, a quick ratio of 2.48 and a debt-to-equity ratio of 0.27.

Aspen Aerogels Company Profile

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.