Aspen Aerogels, Inc. (NYSE:ASPN) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Aspen Aerogels, Inc. (NYSE:ASPN) by 5.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,385,968 shares of the construction company’s stock after acquiring an additional 75,024 shares during the quarter. Geode Capital Management LLC owned 1.69% of Aspen Aerogels worth $38,385,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ASPN. FMR LLC lifted its holdings in Aspen Aerogels by 23.6% during the 3rd quarter. FMR LLC now owns 4,050,896 shares of the construction company’s stock worth $112,169,000 after buying an additional 773,647 shares in the last quarter. Driehaus Capital Management LLC increased its position in shares of Aspen Aerogels by 130.4% during the second quarter. Driehaus Capital Management LLC now owns 2,156,789 shares of the construction company’s stock worth $51,439,000 after acquiring an additional 1,220,724 shares during the period. Loomis Sayles & Co. L P raised its stake in shares of Aspen Aerogels by 22.7% in the third quarter. Loomis Sayles & Co. L P now owns 1,619,320 shares of the construction company’s stock valued at $44,839,000 after acquiring an additional 300,076 shares in the last quarter. State Street Corp raised its stake in shares of Aspen Aerogels by 0.6% in the third quarter. State Street Corp now owns 1,410,543 shares of the construction company’s stock valued at $39,058,000 after acquiring an additional 8,344 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Aspen Aerogels by 21.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,374,631 shares of the construction company’s stock valued at $32,790,000 after purchasing an additional 240,921 shares during the period. 97.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Donald R. Young sold 63,355 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $30.03, for a total transaction of $1,902,550.65. Following the completion of the sale, the chief executive officer now owns 483,640 shares of the company’s stock, valued at approximately $14,523,709.20. This represents a 11.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on ASPN shares. Piper Sandler cut their target price on shares of Aspen Aerogels from $36.00 to $33.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 22nd. Barclays reduced their price objective on shares of Aspen Aerogels from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th. StockNews.com raised shares of Aspen Aerogels to a “sell” rating in a research report on Wednesday, November 13th. HC Wainwright reissued a “buy” rating and issued a $30.00 target price on shares of Aspen Aerogels in a report on Wednesday, October 16th. Finally, Roth Mkm decreased their price target on Aspen Aerogels from $36.00 to $31.00 and set a “buy” rating for the company in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.70.

Aspen Aerogels Stock Performance

NYSE:ASPN opened at $11.90 on Wednesday. Aspen Aerogels, Inc. has a fifty-two week low of $10.75 and a fifty-two week high of $33.15. The firm’s 50 day moving average is $16.10 and its two-hundred day moving average is $22.15. The company has a market cap of $976.36 million, a P/E ratio of 1,191.19 and a beta of 2.12. The company has a quick ratio of 2.48, a current ratio of 2.93 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.