Alphatec Holdings, Inc. (NASDAQ:ATEC – Get Free Report) CFO John Todd Koning sold 37,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $12.82, for a total value of $480,750.00. Following the completion of the sale, the chief financial officer now owns 393,356 shares of the company’s stock, valued at $5,042,823.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
John Todd Koning also recently made the following trade(s):
- On Friday, March 1st, John Todd Koning sold 121,601 shares of Alphatec stock. The stock was sold at an average price of $13.30, for a total value of $1,617,293.30.
Alphatec Trading Up 1.6 %
NASDAQ:ATEC opened at $12.44 on Friday. The firm has a market cap of $1.72 billion, a PE ratio of -8.03 and a beta of 1.55. The stock has a fifty day moving average price of $13.63 and a 200 day moving average price of $13.46. Alphatec Holdings, Inc. has a 12-month low of $8.66 and a 12-month high of $19.14. The company has a current ratio of 2.86, a quick ratio of 1.99 and a debt-to-equity ratio of 6.54.
Wall Street Analysts Forecast Growth
ATEC has been the subject of several recent analyst reports. Needham & Company LLC raised their target price on Alphatec from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Wells Fargo & Company initiated coverage on Alphatec in a research note on Friday, February 9th. They set an “overweight” rating and a $26.00 target price for the company. HC Wainwright reissued a “buy” rating and set a $20.00 target price on shares of Alphatec in a research note on Monday, March 4th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $25.00 price target on shares of Alphatec in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.63.
Get Our Latest Research Report on Alphatec
Institutional Trading of Alphatec
A number of institutional investors have recently bought and sold shares of ATEC. AE Wealth Management LLC purchased a new stake in Alphatec during the 3rd quarter worth about $423,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Alphatec by 23.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,120 shares of the medical technology company’s stock worth $157,000 after buying an additional 2,331 shares during the last quarter. BluePath Capital Management LLC purchased a new stake in Alphatec during the 3rd quarter worth about $29,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Alphatec by 10.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,509 shares of the medical technology company’s stock worth $577,000 after buying an additional 4,210 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Alphatec by 140.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,797 shares of the medical technology company’s stock worth $179,000 after buying an additional 8,065 shares during the last quarter. 66.35% of the stock is owned by hedge funds and other institutional investors.
Alphatec Company Profile
Alphatec Holdings, Inc, a medical technology company, designs, develops, and advances technologies for the surgical treatment of spinal disorders in the United States and internationally. It manufactures and sells implants and instruments through third-party suppliers. The company offers Alpha InformatiX product platform, including EOS imaging system that provides full-body imaging; VEA alignment mobile application, which leverages EOS technology to more quickly quantify alignment parameters on a mobile device; SafeOp Neural InformatiX System that automates electromyographic and somatosensory evoked potential monitoring; and Valence, an intra-operative system that integrates navigation and robotics into spine procedures, as well as Sigma Prone TransPsoas (PTP) Access and PTP Patient Positioning Systems.
Featured Articles
- Five stocks we like better than Alphatec
- Dividend Capture Strategy: What You Need to Know
- MarketBeat Week in Review – 4/22 – 4/26
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- 3 Stocks Leading the U.S. Agriculture Comeback
- Pros And Cons Of Monthly Dividend Stocks
- How to Use Put Debit Spreads to Profit From Falling Stocks
Receive News & Ratings for Alphatec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphatec and related companies with MarketBeat.com's FREE daily email newsletter.