Today, the President & CEO of Aspen Technology, Antonio Pietri, exercised options of Aspen Technology (NASDAQ: AZPN) for $100K.
Following Antonio Pietri’s last AZPN Buy transaction on March 01, 2017, the stock climbed by 35.5%. In addition to Antonio Pietri, one other AZPN executive reported Buy trades in the last month.
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Based on Aspen Technology’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $126 million and quarterly net profit of $37.84 million. In comparison, last year the company earned revenue of $119 million and had a net profit of $35.83 million. AZPN’s market cap is $6.78B and the company has a P/E ratio of 42.33. Currently, Aspen Technology has an average volume of 348.9K.
Eight different firms, including Avondale and Berenberg Bank, currently also have a Buy rating on the stock. Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $90.40, reflecting a 5.4% upside.
In the last 30 days, insiders have sold $235K worth of AZPN shares and purchased $100K worth of AZPN shares. The insider sentiment on Aspen Technology has been negative according to 41 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 process optimization software solutions designed to manage and optimize plant and process design, operational performance, and supply chain planning. The company’s aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, and engineering and construction industries. It operates through the following segments: Subscription & Software, and Services. The Subscription & Software segment engages in the licensing of process optimization software solutions and associated support services. The Services segment includes professional services and training. The company was founded by Lawrence B. Evans in 1981 and is headquartered in Bedford, MA.
