Alignment Healthcare, Inc. (NASDAQ:ALHC) President of Markets, Dawn Christine Maroney, recently sold a significant amount of company stock, transactions that totaled over $144,000. The sales took place on March 19 and March 20, with Maroney disposing of 15,861 and 13,252 shares, respectively.
The shares were sold at weighted-average prices, with individual transactions occurring within a price range of $4.83 to $5.58 per share. The total proceeds from the sales on the two dates amounted to approximately $144,117. It should be noted that these transactions were executed to cover tax withholding obligations related to the grant of immediately vested common stock acquired on March 13, 2024, and are not considered discretionary trades by Maroney.
Following the transactions, Maroney's stake in the company stands at 1,986,248 shares of common stock. The sales were made public through a Form 4 filing with the Securities and Exchange Commission, which provides transparency on the trading activities of a company's insiders.
Investors often keep a close eye on insider transactions as they can provide valuable insights into the company's health and the confidence that executives have in the firm's future prospects. Alignment Healthcare, Inc., which specializes in hospital and medical service plans, continues to be a notable player in the healthcare sector.
For those interested in the company's stock performance and insider transactions, further details can be obtained from the company's filings and public disclosures.
InvestingPro Insights
As investors digest the recent insider transactions at Alignment Healthcare, Inc. (NASDAQ:ALHC), it's important to consider the company's financial health and market performance. According to InvestingPro data, Alignment Healthcare holds a market capitalization of $916.54 million USD. Despite a notable revenue growth of 27.16% over the last twelve months as of Q4 2023, the company's current P/E Ratio stands at -6.15, reflecting that it is not currently profitable.
One of the InvestingPro Tips highlights that Alignment Healthcare is trading at a low revenue valuation multiple, which could be of interest to value investors seeking potential growth opportunities. Additionally, the company holds more cash than debt on its balance sheet, which can be a positive sign of financial stability. However, analysts do not anticipate the company will be profitable this year, and the stock has fared poorly over the last month, with a price total return of -25.27%.
These insights, along with a broader array of InvestingPro Tips available on the product's website, can provide a deeper understanding of the company's financial position and future outlook. For those looking to explore these metrics further, there are additional tips listed on InvestingPro. To access these resources and enhance your investment analysis, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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