American Superconductor (NASDAQ:AMSC) Stock Price Down 7.1% on Insider Selling

American Superconductor Corporation (NASDAQ:AMSC)’s share price fell 7.1% during trading on Wednesday after an insider sold shares in the company. The stock traded as low as $37.36 and last traded at $37.6710. 615,290 shares were traded during mid-day trading, a decline of 48% from the average session volume of 1,193,104 shares. The stock had previously closed at $40.53.

Specifically, CEO Daniel P. Mcgahn sold 9,670 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $41.78, for a total value of $404,012.60. Following the completion of the sale, the chief executive officer directly owned 1,148,046 shares in the company, valued at approximately $47,965,361.88. The trade was a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO John W. Kosiba, Jr. sold 4,835 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $41.77, for a total transaction of $201,957.95. Following the transaction, the chief financial officer directly owned 341,146 shares in the company, valued at approximately $14,249,668.42. This represents a 1.40% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Zacks Research cut shares of American Superconductor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Weiss Ratings raised American Superconductor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

American Superconductor Trading Up 7.4%

The stock has a market cap of $1.88 billion, a PE ratio of 13.17 and a beta of 3.20. The company’s 50 day moving average is $45.80 and its 200-day moving average is $36.49.

American Superconductor (NASDAQ:AMSC) last announced its earnings results on Wednesday, May 27th. The technology company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.11. American Superconductor had a return on equity of 32.19% and a net margin of 44.73%.The company had revenue of $86.41 million during the quarter, compared to the consensus estimate of $82.10 million. During the same period last year, the firm earned $0.12 earnings per share. The company’s revenue was up 29.6% on a year-over-year basis. American Superconductor has set its Q1 2026 guidance at 0.170- EPS. As a group, analysts forecast that American Superconductor Corporation will post 0.66 EPS for the current year.

Institutional Investors Weigh In On American Superconductor

Several hedge funds and other institutional investors have recently bought and sold shares of AMSC. Vanguard Group Inc. boosted its stake in shares of American Superconductor by 19.6% during the 4th quarter. Vanguard Group Inc. now owns 3,526,632 shares of the technology company’s stock valued at $101,496,000 after buying an additional 576,831 shares during the last quarter. UBS Group AG raised its holdings in American Superconductor by 284.3% in the fourth quarter. UBS Group AG now owns 744,563 shares of the technology company’s stock valued at $21,429,000 after acquiring an additional 550,829 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in American Superconductor by 221.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 760,457 shares of the technology company’s stock valued at $45,164,000 after acquiring an additional 524,061 shares during the last quarter. Atreides Management LP grew its holdings in American Superconductor by 34.0% during the 2nd quarter. Atreides Management LP now owns 1,104,458 shares of the technology company’s stock worth $40,523,000 after acquiring an additional 280,418 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in American Superconductor by 49.0% during the 4th quarter. First Trust Advisors LP now owns 682,967 shares of the technology company’s stock worth $19,656,000 after acquiring an additional 224,576 shares in the last quarter. 52.28% of the stock is currently owned by hedge funds and other institutional investors.

American Superconductor Company Profile

American Superconductor Corporation (NASDAQ:AMSC) is a technology company specializing in power electronics and high-temperature superconductor systems. Founded in 1987 and headquartered in Devens, Massachusetts, AMSC develops hardware and software solutions aimed at improving the efficiency, reliability and stability of electric power systems and renewable energy infrastructure. The company’s engineering expertise spans from the lab scale to full commercial deployment, with a focus on tackling grid integration challenges for utilities and independent power producers.

AMSC’s portfolio includes superconducting wire and cryogenic systems, power grid stabilization devices, and turnkey wind turbine electronics.