Key Points
- CEO Rohit Verma bought 112,000 shares on March 12 at $0.89 each for $99,680, raising his stake to 1,134,883 shares (a 10.95% increase).
- The March purchase follows a Feb. 24 buy of 100,000 shares at $0.77, signalling repeated insider buying.
- Alight shares trade near $0.92 with a one‑year range of $0.65–$6.39 and a market cap around $494M; the company recently missed quarterly EPS and the consensus analyst rating is Hold (average target $3.56).
Alight, Inc. (NYSE:ALIT - Get Free Report) CEO Rohit Verma bought 112,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average price of $0.89 per share, for a total transaction of $99,680.00. Following the completion of the purchase, the chief executive officer directly owned 1,134,883 shares in the company, valued at $1,010,045.87. The trade was a 10.95% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Rohit Verma also recently made the following trade(s):
- On Tuesday, February 24th, Rohit Verma bought 100,000 shares of Alight stock. The shares were purchased at an average cost of $0.77 per share, with a total value of $77,000.00.
Alight Stock Performance
Shares of Alight stock traded up $0.02 during trading on Friday, reaching $0.92. The company's stock had a trading volume of 13,227,319 shares, compared to its average volume of 24,904,016. Alight, Inc. has a one year low of $0.65 and a one year high of $6.39. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market cap of $493.88 million, a price-to-earnings ratio of -0.16, a price-to-earnings-growth ratio of 0.51 and a beta of 1.16. The business's fifty day moving average price is $1.34 and its 200-day moving average price is $2.29.
Alight (NYSE:ALIT - Get Free Report) last announced its earnings results on Thursday, February 19th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.07). The business had revenue of $653.00 million for the quarter, compared to the consensus estimate of $654.30 million. Alight had a negative net margin of 136.91% and a positive return on equity of 9.61%. As a group, equities research analysts predict that Alight, Inc. will post 0.54 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of ALIT. EverSource Wealth Advisors LLC increased its holdings in Alight by 152.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,201 shares of the company's stock valued at $29,000 after buying an additional 3,138 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Alight by 4.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 72,666 shares of the company's stock valued at $411,000 after acquiring an additional 3,295 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Alight by 68.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 8,100 shares of the company's stock valued at $46,000 after acquiring an additional 3,300 shares in the last quarter. Winslow Asset Management Inc. increased its stake in Alight by 21.7% in the second quarter. Winslow Asset Management Inc. now owns 19,355 shares of the company's stock valued at $110,000 after acquiring an additional 3,450 shares during the period. Finally, Strs Ohio bought a new stake in Alight in the first quarter valued at about $25,000. 96.74% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on ALIT shares. Citigroup lowered shares of Alight from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $6.50 to $1.00 in a research report on Friday, February 20th. KeyCorp downgraded shares of Alight from an "overweight" rating to a "sector weight" rating in a report on Thursday, February 19th. DA Davidson cut their price objective on shares of Alight from $6.00 to $5.00 and set a "buy" rating for the company in a research report on Tuesday, February 10th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Alight in a research note on Wednesday, January 21st. Finally, Needham & Company LLC downgraded Alight from a "buy" rating to a "hold" rating in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Alight presently has a consensus rating of "Hold" and an average target price of $3.56.
Get Our Latest Research Report on Alight
About Alight
(
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Alight, Inc (NYSE: ALIT) is a leading provider of cloud-based human capital and financial solutions designed to help organizations and their employees navigate critical life and work events. The company offers a comprehensive suite of services, including payroll administration, benefits enrollment and management, workforce and analytics solutions, health and welfare support, and financial wellness programs. By integrating advanced technology with expert advisory services, Alight aims to simplify the administration of human resources and benefits functions, improve employee engagement and productivity, and drive cost efficiencies for its clients.
Alight's core platform leverages cloud architecture and automation to deliver scalable and secure solutions that address the needs of mid-sized and large enterprises.
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