Daniel P. Mcgahn Sells 37,165 Shares of American Superconductor Co. (NASDAQ:AMSC) Stock

American Superconductor Co. (NASDAQ:AMSC) CEO Daniel P. Mcgahn sold 37,165 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $21.69, for a total transaction of $806,108.85. Following the transaction, the chief executive officer now owns 1,019,956 shares of the company’s stock, valued at approximately $22,122,845.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

American Superconductor Stock Performance

Shares of AMSC opened at $25.92 on Friday. The firm has a market cap of $958.78 million, a P/E ratio of -66.46 and a beta of 2.08. American Superconductor Co. has a twelve month low of $5.25 and a twelve month high of $27.38. The firm’s 50 day moving average price is $15.48 and its two-hundred day moving average price is $13.16.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Roth Mkm lifted their price target on shares of American Superconductor from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday. Oppenheimer lifted their target price on American Superconductor from $16.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Finally, Craig Hallum increased their price target on American Superconductor from $16.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, May 31st.

Institutional Investors Weigh In On American Superconductor

Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new position in American Superconductor during the 1st quarter worth about $152,000. AWM Investment Company Inc. boosted its position in shares of American Superconductor by 19.4% during the first quarter. AWM Investment Company Inc. now owns 2,661,319 shares of the technology company’s stock worth $35,954,000 after buying an additional 433,018 shares during the period. Hood River Capital Management LLC bought a new position in shares of American Superconductor during the first quarter worth about $21,870,000. Quadrature Capital Ltd acquired a new stake in American Superconductor in the 1st quarter valued at approximately $203,000. Finally, CM Management LLC raised its position in American Superconductor by 28.2% in the 1st quarter. CM Management LLC now owns 250,000 shares of the technology company’s stock valued at $3,378,000 after buying an additional 55,000 shares during the last quarter. 52.28% of the stock is owned by institutional investors.

About American Superconductor

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand; and engineering planning services.