Insider Selling: American Superconductor (NASDAQ:AMSC) CEO Sells $603,581.65 in Stock

American Superconductor Corporation (NASDAQ:AMSC) CEO Daniel Mcgahn sold 16,117 shares of American Superconductor stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $37.45, for a total transaction of $603,581.65. Following the completion of the sale, the chief executive officer owned 1,131,929 shares in the company, valued at approximately $42,390,741.05. This trade represents a 1.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

American Superconductor Stock Up 1.3%

Shares of NASDAQ AMSC opened at $40.02 on Friday. The company’s 50-day simple moving average is $45.95 and its 200-day simple moving average is $36.51. American Superconductor Corporation has a 52-week low of $24.87 and a 52-week high of $70.49. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 13.34 and a beta of 3.20.

American Superconductor (NASDAQ:AMSC) last announced its earnings results on Wednesday, May 27th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.11. American Superconductor had a net margin of 44.73% and a return on equity of 32.19%. The business had revenue of $86.41 million for the quarter, compared to analyst estimates of $82.10 million. During the same quarter last year, the business earned $0.12 earnings per share. The company’s revenue for the quarter was up 29.6% compared to the same quarter last year. American Superconductor has set its Q1 2026 guidance at 0.170- EPS. Equities research analysts anticipate that American Superconductor Corporation will post 0.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMSC has been the topic of several research analyst reports. Zacks Research lowered shares of American Superconductor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Weiss Ratings upgraded shares of American Superconductor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, American Superconductor has an average rating of “Hold”.

Hedge Funds Weigh In On American Superconductor

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in American Superconductor by 19.6% during the fourth quarter. Vanguard Group Inc. now owns 3,526,632 shares of the technology company’s stock worth $101,496,000 after acquiring an additional 576,831 shares during the last quarter. Baillie Gifford & Co. boosted its position in American Superconductor by 5.6% during the fourth quarter. Baillie Gifford & Co. now owns 1,506,841 shares of the technology company’s stock worth $43,367,000 after acquiring an additional 79,509 shares during the last quarter. State Street Corp boosted its position in American Superconductor by 4.9% during the fourth quarter. State Street Corp now owns 1,192,093 shares of the technology company’s stock worth $34,308,000 after acquiring an additional 56,215 shares during the last quarter. Atreides Management LP boosted its position in American Superconductor by 34.0% during the second quarter. Atreides Management LP now owns 1,104,458 shares of the technology company’s stock worth $40,523,000 after acquiring an additional 280,418 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in American Superconductor by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,090,710 shares of the technology company’s stock worth $31,396,000 after acquiring an additional 20,855 shares during the last quarter. 52.28% of the stock is currently owned by institutional investors and hedge funds.

About American Superconductor

American Superconductor Corporation (NASDAQ:AMSC) is a technology company specializing in power electronics and high-temperature superconductor systems. Founded in 1987 and headquartered in Devens, Massachusetts, AMSC develops hardware and software solutions aimed at improving the efficiency, reliability and stability of electric power systems and renewable energy infrastructure. The company’s engineering expertise spans from the lab scale to full commercial deployment, with a focus on tackling grid integration challenges for utilities and independent power producers.

AMSC’s portfolio includes superconducting wire and cryogenic systems, power grid stabilization devices, and turnkey wind turbine electronics.