The SVP & CFO of Aspen Technology is Exercising Options

By Carrie Williams

Yesterday, the SVP & CFO of Aspen Technology, Karl Johnsen, exercised options of Aspen Technology for $626.2K.

Following Karl Johnsen’s last AZPN Sell transaction on February 09, 2018, the stock climbed by 3.2%. In addition to Karl Johnsen, 2 other AZPN executives reported Sell trades in the last month.

Based on Aspen Technology’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $125 million and quarterly net profit of $38.08 million. In comparison, last year the company earned revenue of $120 million and had a net profit of $37.01 million. The company has a one-year high of $84.40 and a one-year low of $53.51. AZPN’s market cap is $5.26B and the company has a P/E ratio of 34.36.

Based on 6 analyst ratings, the analyst consensus is Hold with an average price target of $77.5, reflecting a -2.9% downside.

The insider sentiment on Aspen Technology has been negative according to 37 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Karl Johnsen’s trades have generated a -25.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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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.