Aspen Aerogels, Inc. (NYSE:ASPN) Shares Sold by Bouvel Investment Partners LLC

Bouvel Investment Partners LLC reduced its position in shares of Aspen Aerogels, Inc. (NYSE:ASPN - Free Report) by 29.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,363 shares of the construction company's stock after selling 26,629 shares during the period. Bouvel Investment Partners LLC owned 0.08% of Aspen Aerogels worth $765,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ASPN. Driehaus Capital Management LLC raised its position in Aspen Aerogels by 130.4% in the second quarter. Driehaus Capital Management LLC now owns 2,156,789 shares of the construction company's stock valued at $51,439,000 after purchasing an additional 1,220,724 shares during the period. FMR LLC increased its position in shares of 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 purchasing an additional 773,647 shares during the last quarter. American Century Companies Inc. raised its holdings in Aspen Aerogels by 562.3% in the 2nd quarter. American Century Companies Inc. now owns 770,729 shares of the construction company's stock valued at $18,382,000 after buying an additional 654,350 shares during the period. Millennium Management LLC acquired a new position in Aspen Aerogels in the second quarter valued at about $9,339,000. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Aspen Aerogels during the third quarter valued at about $10,126,000. 97.64% of the stock is owned by hedge funds and other institutional investors.

Aspen Aerogels Stock Up 1.3 %

Shares of Aspen Aerogels stock traded up $0.17 on Friday, reaching $12.73. 1,371,812 shares of the company were exchanged, compared to its average volume of 1,462,883. The stock's 50 day moving average price is $13.47 and its 200-day moving average price is $20.24. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.93 and a quick ratio of 2.48. Aspen Aerogels, Inc. has a 1-year low of $10.75 and a 1-year high of $33.15. The company has a market cap of $1.04 billion, a P/E ratio of 1,273.77 and a beta of 2.14.

Analyst Ratings Changes

Several equities analysts have recently commented on ASPN shares. Roth Mkm decreased their price objective on shares of Aspen Aerogels from $36.00 to $31.00 and set a "buy" rating on the stock in a report on Friday, November 8th. HC Wainwright restated a "buy" rating and set a $30.00 price target on shares of Aspen Aerogels in a research note on Wednesday, October 16th. Piper Sandler dropped their price objective on Aspen Aerogels from $36.00 to $33.00 and set an "overweight" rating for the company in a research note on Tuesday, October 22nd. StockNews.com raised Aspen Aerogels to a "sell" rating in a research note on Wednesday, November 13th. Finally, Canaccord Genuity Group dropped their target price on Aspen Aerogels from $28.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $29.11.

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.