Today it was reported that a Director at Aspen Technology (AZPN), Donald P. Casey, exercised options to sell 5,710 AZPN shares at $26.10 a share, for a total transaction value of $554.5K.
Following Donald P. Casey’s last AZPN Sell transaction on February 09, 2018, the stock climbed by 23.0%.
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Based on Aspen Technology’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $140 million and quarterly net profit of $59.22 million. In comparison, last year the company earned revenue of $125 million and had a net profit of $38.08 million. AZPN’s market cap is $6.63B and the company has a P/E ratio of 39.39. Currently, Aspen Technology has an average volume of 622.8K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $108.00, reflecting a 12.6% upside.
The insider sentiment on Aspen Technology has been negative according to 47 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Aspen Technology, Inc. engages in the provision of asset optimization solutions. It develops its applications to design, and optimize processes across the engineering, manufacturing and supply chain, and asset performance management areas. It operates through the Subscription and Software, and Services segments.
