Alignment Healthcare, Inc. (NASDAQ:ALHC) CFO Sells $233,335.35 in Stock

Alignment Healthcare, Inc. (NASDAQ:ALHC - Get Free Report) CFO Robert Thomas Freeman sold 13,815 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $16.89, for a total value of $233,335.35. Following the completion of the sale, the chief financial officer now owns 1,482,595 shares of the company's stock, valued at approximately $25,041,029.55. This trade represents a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Robert Thomas Freeman also recently made the following trade(s):

• On Wednesday, March 12th, Robert Thomas Freeman sold 14,692 shares of Alignment Healthcare stock. The stock was sold at an average price of $15.43, for a total value of $226,697.56.
• On Thursday, March 6th, Robert Thomas Freeman sold 218,295 shares of Alignment Healthcare stock. The stock was sold at an average price of $15.53, for a total value of $3,390,121.35.
• On Tuesday, March 4th, Robert Thomas Freeman sold 250,000 shares of Alignment Healthcare stock. The stock was sold at an average price of $15.58, for a total value of $3,895,000.00.

Alignment Healthcare Price Performance

Alignment Healthcare stock traded up $0.43 on Friday, reaching $17.61. The company's stock had a trading volume of 3,358,496 shares, compared to its average volume of 1,428,436. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market cap of $3.38 billion, a price-to-earnings ratio of -22.87 and a beta of 1.49. The business's fifty day moving average price is $14.90 and its 200 day moving average price is $12.73. Alignment Healthcare, Inc. has a twelve month low of $4.46 and a twelve month high of $17.76.

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Hedge Funds Weigh In On Alignment Healthcare

Institutional investors and hedge funds have recently bought and sold shares of the business. R Squared Ltd acquired a new position in Alignment Healthcare in the fourth quarter worth $55,000. RiverPark Advisors LLC acquired a new position in Alignment Healthcare in the fourth quarter worth $106,000. Tower Research Capital LLC TRC lifted its stake in shares of Alignment Healthcare by 146.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,571 shares of the company's stock valued at $119,000 after acquiring an additional 6,286 shares during the period. Ballentine Partners LLC acquired a new position in shares of Alignment Healthcare during the fourth quarter valued at $121,000. Finally, Aigen Investment Management LP acquired a new position in shares of Alignment Healthcare during the fourth quarter valued at $129,000. Institutional investors and hedge funds own 86.19% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on ALHC shares. Stephens reaffirmed an "overweight" rating and issued a $17.00 price target on shares of Alignment Healthcare in a research report on Monday, February 24th. JPMorgan Chase & Co. boosted their price objective on Alignment Healthcare from $14.00 to $17.00 and gave the company a "neutral" rating in a research report on Thursday, March 6th. William Blair restated an "outperform" rating on shares of Alignment Healthcare in a research report on Friday, February 28th. Bank of America boosted their price objective on Alignment Healthcare from $15.50 to $18.50 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Finally, Piper Sandler upped their price target on Alignment Healthcare from $14.00 to $21.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $14.83.

Alignment Healthcare Company Profile

Alignment Healthcare, Inc, a tech-enabled Medicare advantage company, operates consumer-centric health care platform for seniors in the United States. It provides customized health care designed to meet the needs of a diverse array of seniors through its Medicare advantage plans. The company was founded in 2013 and is based in Orange, California.