Aspen Aerogels (NYSE:ASPN) Major Shareholder Wood River Capital, Llc Sells 12,280,426 Shares of Company Stock

Aspen Aerogels, Inc. (NYSE:ASPN) major shareholder Wood River Capital, Llc sold 12,280,426 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $4.73, for a total transaction of $58,086,414.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Aspen Aerogels Trading Down 6.8%

Shares of Aspen Aerogels stock opened at $5.29 on Friday. Aspen Aerogels, Inc. has a 1-year low of $2.30 and a 1-year high of $9.35. The company’s fifty day simple moving average is $5.19 and its 200-day simple moving average is $4.87. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.52 and a quick ratio of 2.24. The stock has a market capitalization of $439.18 million, a PE ratio of -3.46 and a beta of 2.97.

Aspen Aerogels (NYSE:ASPN) last posted its quarterly earnings data on Thursday, August 6th. The construction company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.01. Aspen Aerogels had a negative return on equity of 31.12% and a negative net margin of 62.45%.The firm had revenue of $49.85 million during the quarter, compared to analyst estimates of $42.42 million. Aspen Aerogels has set its Q3 2026 guidance at -0.110–0.070 EPS. As a group, equities analysts anticipate that Aspen Aerogels, Inc. will post -0.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

ASPN has been the topic of a number of analyst reports. Barclays lifted their price objective on Aspen Aerogels from $4.00 to $5.00 and gave the company an “underweight” rating in a research report on Tuesday, August 11th. B. Riley Financial restated a “buy” rating on shares of Aspen Aerogels in a research note on Friday, August 7th. Wall Street Zen downgraded shares of Aspen Aerogels from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aspen Aerogels in a research report on Monday. Finally, Roth Capital reissued a “buy” rating and issued a $7.75 price objective on shares of Aspen Aerogels in a research note on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Aspen Aerogels has an average rating of “Hold” and a consensus target price of $5.94.

Hedge Funds Weigh In On Aspen Aerogels

Hedge funds have recently made changes to their positions in the business. WINTON GROUP Ltd bought a new stake in shares of Aspen Aerogels during the second quarter valued at approximately $388,000. Baird Financial Group Inc. bought a new position in shares of Aspen Aerogels during the 2nd quarter valued at approximately $2,189,000. Concurrent Investment Advisors LLC grew its holdings in shares of Aspen Aerogels by 6.7% in the second quarter. Concurrent Investment Advisors LLC now owns 32,050 shares of the construction company’s stock valued at $203,000 after purchasing an additional 2,000 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Aspen Aerogels in the second quarter valued at $174,000. Finally, Equitable Holdings Inc. bought a new stake in Aspen Aerogels in the second quarter worth $88,000. Institutional investors own 97.64% of the company’s stock.

About Aspen Aerogels

Aspen Aerogels, Inc is a technology company that develops, manufactures and sells advanced aerogel-based materials. Aerogels are highly porous materials designed to provide thermal insulation, fire protection and other performance benefits in applications where conventional insulation may be less effective or require more space.

The company serves the energy, industrial and automotive markets. Its products include thermal barriers for electric vehicle batteries, insulation materials for industrial and energy infrastructure, and specialty aerogel products used in applications involving heat management, fire mitigation and cryogenic or high-temperature environments.