Alpha Teknova, Inc. (NASDAQ:TKNO) Short Interest Update

Alpha Teknova, Inc. (NASDAQ:TKNO - Get Free Report) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 346,100 shares, a growth of 28.7% from the August 31st total of 268,900 shares. Approximately 3.3% of the company's stock are short sold. Based on an average daily volume of 618,200 shares, the short-interest ratio is currently 0.6 days.

Insider Activity at Alpha Teknova

In related news, CEO Stephen Gunstream bought 80,645 shares of the business's stock in a transaction on Friday, July 12th. The stock was bought at an average price of $1.24 per share, for a total transaction of $99,999.80. Following the transaction, the chief executive officer now directly owns 243,497 shares in the company, valued at $301,936.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Stephen Gunstream bought 80,645 shares of the company's stock in a transaction on Friday, July 12th. The shares were bought at an average cost of $1.24 per share, with a total value of $99,999.80. Following the transaction, the chief executive officer now directly owns 243,497 shares in the company, valued at approximately $301,936.28. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Telegraph Hill Partners Iv, L. purchased 12,096,773 shares of the business's stock in a transaction dated Friday, July 12th. The shares were purchased at an average cost of $1.24 per share, with a total value of $14,999,998.52. Following the completion of the purchase, the insider now directly owns 11,126,929 shares in the company, valued at $13,797,391.96. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 12,217,740 shares of company stock valued at $15,149,998. Corporate insiders own 15.20% of the company's stock.

Institutional Trading of Alpha Teknova

Several hedge funds and other institutional investors have recently bought and sold shares of TKNO. Conestoga Capital Advisors LLC lifted its stake in shares of Alpha Teknova by 81.6% in the second quarter. Conestoga Capital Advisors LLC now owns 453,899 shares of the company's stock valued at $622,000 after buying an additional 203,950 shares during the period. FourWorld Capital Management LLC bought a new stake in shares of Alpha Teknova in the 1st quarter worth approximately $135,000. State Board of Administration of Florida Retirement System bought a new stake in shares of Alpha Teknova in the 1st quarter worth approximately $35,000. Finally, Redmile Group LLC grew its holdings in shares of Alpha Teknova by 6.5% during the 1st quarter. Redmile Group LLC now owns 171,453 shares of the company's stock worth $434,000 after purchasing an additional 10,448 shares in the last quarter. 13.81% of the stock is currently owned by institutional investors and hedge funds.

Alpha Teknova Stock Performance

TKNO stock traded up $0.20 during mid-day trading on Friday, reaching $4.71. 96,939 shares of the stock traded hands, compared to its average volume of 225,709. The firm has a market capitalization of $251.04 million, a PE ratio of -4.54 and a beta of 0.43. The business has a 50-day moving average of $4.27 and a two-hundred day moving average of $2.75. Alpha Teknova has a 52 week low of $1.15 and a 52 week high of $5.45. The company has a quick ratio of 3.28, a current ratio of 4.76 and a debt-to-equity ratio of 0.16.

Alpha Teknova (NASDAQ:TKNO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.03. Alpha Teknova had a negative return on equity of 37.00% and a negative net margin of 98.08%. The company had revenue of $9.61 million for the quarter, compared to the consensus estimate of $9.50 million. During the same period in the previous year, the business posted ($0.25) EPS. As a group, equities analysts predict that Alpha Teknova will post -0.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Stephens reissued an "overweight" rating and issued a $5.00 price target on shares of Alpha Teknova in a research report on Wednesday, July 10th.

Alpha Teknova Company Profile

Alpha Teknova, Inc produces critical reagents for the research, discovery, development, and commercialization of novel therapies, vaccines, and molecular diagnostics in the United States and internationally. The company offers pre-poured media plates for cell growth and cloning; liquid cell culture media and supplements for cellular expansion; and molecular biology reagents for sample manipulation, resuspension, and purification.

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