State Board of Administration of Florida Retirement System Takes Position in Alpha Teknova, Inc. (NASDAQ:TKNO)

State Board of Administration of Florida Retirement System acquired a new stake in shares of Alpha Teknova, Inc. (NASDAQ:TKNOGet Rating) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 15,390 shares of the company’s stock, valued at approximately $129,000. State Board of Administration of Florida Retirement System owned approximately 0.05% of Alpha Teknova at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Conestoga Capital Advisors LLC raised its position in Alpha Teknova by 20.2% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 105,949 shares of the company’s stock valued at $890,000 after buying an additional 17,839 shares during the last quarter. Nicholas Investment Partners LP increased its position in shares of Alpha Teknova by 11.8% during the 1st quarter. Nicholas Investment Partners LP now owns 720,524 shares of the company’s stock worth $9,950,000 after purchasing an additional 76,139 shares during the last quarter. Parkman Healthcare Partners LLC increased its position in shares of Alpha Teknova by 13.6% during the 1st quarter. Parkman Healthcare Partners LLC now owns 119,468 shares of the company’s stock worth $1,650,000 after purchasing an additional 14,260 shares during the last quarter. Grandeur Peak Global Advisors LLC increased its position in shares of Alpha Teknova by 2.9% during the 1st quarter. Grandeur Peak Global Advisors LLC now owns 227,170 shares of the company’s stock worth $3,137,000 after purchasing an additional 6,304 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Alpha Teknova by 27.7% during the 1st quarter. Wellington Management Group LLP now owns 1,333,638 shares of the company’s stock worth $18,418,000 after purchasing an additional 289,433 shares during the last quarter. Institutional investors own 24.59% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on TKNO shares. Cowen lowered their price target on Alpha Teknova from $13.00 to $8.00 in a research report on Thursday, November 10th. Cowen lowered their price target on Alpha Teknova from $13.00 to $8.00 in a research report on Thursday, November 10th. Finally, Stephens lowered their price target on Alpha Teknova to $12.00 in a research report on Wednesday, November 16th.

Alpha Teknova Stock Down 5.9 %

TKNO stock opened at $4.48 on Wednesday. The company has a current ratio of 5.68, a quick ratio of 4.85 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $125.84 million, a PE ratio of -3.53 and a beta of 0.40. Alpha Teknova, Inc. has a 1-year low of $3.02 and a 1-year high of $24.34. The business’s 50 day simple moving average is $4.03 and its 200 day simple moving average is $6.11.

Alpha Teknova (NASDAQ:TKNOGet Rating) last posted its earnings results on Wednesday, November 9th. The company reported ($0.21) earnings per share for the quarter. The business had revenue of $10.69 million for the quarter, compared to analyst estimates of $9.10 million. Alpha Teknova had a negative return on equity of 16.09% and a negative net margin of 86.67%. As a group, research analysts anticipate that Alpha Teknova, Inc. will post -0.97 EPS for the current year.

Alpha Teknova Profile

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Alpha Teknova, Inc provides critical reagents for life sciences market in the United States and internationally. Its reagents enable the discovery, development, and production of biopharmaceutical products, such as drug therapies, novel vaccines, and molecular diagnostics. 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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Institutional Ownership by Quarter for Alpha Teknova (NASDAQ:TKNO)

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