Aspen Technology Inc’s recently made public that its Former Officer Mouritsen Mark Edgar acquired Company’s shares for reported $0.12 million on Sep 19 ’24. In the deal valued at $239.25 per share,495 shares were bought.
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Then, Mouritsen Mark Edgar bought 875 shares, generating $201,360 in total proceeds.
Before that, Mouritsen Mark Edgar bought 250 shares. Aspen Technology Inc shares valued at $57,500 were divested by the Former Officer at a price of $230.00 per share.
Berenberg upgraded its Aspen Technology Inc [AZPN] rating to a Buy from a a Hold in a research note published on May 17, 2024; the price target was increased to $255 from $185. A number of analysts have revised their coverage, including Loop Capital’s analysts, who increased its forecast for the stock in early December from “a Hold” to “a Buy”. Robert W. Baird also remained covering AZPN and has increased its forecast on November 14, 2023 with a “an Outperform” recommendation from previously “Neutral” rating. KeyBanc Capital Markets revised its rating on July 26, 2023. It rated AZPN as “a Sector weight” which previously was an “an Overweight”.
Price Performance Review of AZPN
On Tuesday, Aspen Technology Inc [NASDAQ:AZPN] saw its stock jump 1.44% to $241.00. Over the last five days, the stock has gained 0.31%. Aspen Technology Inc shares have risen nearly 9.47% since the year began. Nevertheless, the stocks have risen 37.67% over the past one year. While a 52-week high of $244.85 was reached on 11/05/24, a 52-week low of $162.26 was recorded on 08/05/24. SMA at 50 days reached $233.30, while 200 days put it at $208.63.
Levels Of Support And Resistance For AZPN Stock
The 24-hour chart illustrates a support level at 236.34, which if violated will result in even more drops to 231.68. On the upside, there is a resistance level at 246.83. A further resistance level may holdings at 252.66. The Relative Strength Index (RSI) on the 14-day chart is 58.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.73%. Stochastics %K at 42.64% indicates the stock is a holding.
How much short interest is there in Aspen Technology Inc?
A steep rise in short interest was recorded in Aspen Technology Inc stocks on 2024-10-15, dropping by -0.15 million shares to a total of 1.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.47 million shares. There was a decline of -11.0%, which implies that there is a negative sentiment for the stock.
