Insider Selling: Alight, Inc. (NYSE:ALIT) Insider Sells 2,777 Shares of Stock

Alight, Inc. (NYSE:ALITGet Free Report) insider Katie J. Rooney sold 2,777 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $9.70, for a total transaction of $26,936.90. Following the sale, the insider now directly owns 2,927,314 shares in the company, valued at $28,394,945.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Alight Price Performance

Shares of NYSE:ALIT traded down $0.21 during trading hours on Tuesday, hitting $9.44. 6,521,970 shares of the company’s stock traded hands, compared to its average volume of 7,535,987. Alight, Inc. has a 52 week low of $6.33 and a 52 week high of $10.38. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.27 and a current ratio of 1.27. The company’s fifty day simple moving average is $9.26 and its two-hundred day simple moving average is $8.18. The company has a market cap of $5.31 billion, a price-to-earnings ratio of -17.55, a price-to-earnings-growth ratio of 1.52 and a beta of 0.92.

Alight (NYSE:ALITGet Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.06. Alight had a negative net margin of 7.80% and a positive return on equity of 5.09%. The company had revenue of $960.00 million during the quarter, compared to analyst estimates of $1.03 billion. As a group, equities analysts anticipate that Alight, Inc. will post 0.5 EPS for the current fiscal year.

Institutional Trading of Alight

A number of hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in Alight by 6.4% during the third quarter. Tower Research Capital LLC TRC now owns 17,748 shares of the company’s stock valued at $130,000 after buying an additional 1,071 shares in the last quarter. Ensign Peak Advisors Inc lifted its stake in Alight by 1.3% during the first quarter. Ensign Peak Advisors Inc now owns 93,130 shares of the company’s stock valued at $858,000 after buying an additional 1,200 shares in the last quarter. Xponance Inc. lifted its stake in Alight by 5.7% during the fourth quarter. Xponance Inc. now owns 25,035 shares of the company’s stock valued at $214,000 after buying an additional 1,353 shares in the last quarter. Voya Investment Management LLC lifted its stake in Alight by 0.8% during the fourth quarter. Voya Investment Management LLC now owns 174,452 shares of the company’s stock valued at $1,488,000 after buying an additional 1,422 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in Alight by 36.8% during the third quarter. Royal Bank of Canada now owns 6,393 shares of the company’s stock valued at $47,000 after buying an additional 1,720 shares in the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ALIT shares. TheStreet upgraded shares of Alight from a “d+” rating to a “c-” rating in a research report on Tuesday, December 12th. Citigroup restated a “buy” rating and set a $12.00 price target on shares of Alight in a research report on Friday, January 5th. Wedbush upped their price target on shares of Alight from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Canaccord Genuity Group started coverage on shares of Alight in a research report on Wednesday, December 6th. They set a “buy” rating and a $12.00 price target for the company. Finally, UBS Group upped their price target on shares of Alight from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $12.71.

Check Out Our Latest Analysis on ALIT

Alight Company Profile

(Get Free Report)

Alight, Inc provides cloud-based integrated digital human capital and business solutions worldwide. The company operates through two segments, Employer Solutions and Professional Services. The Employer Solutions segment offers employee wellbeing, integrated benefits administration, healthcare navigation, financial wellbeing, leave of absence management, retiree healthcare and payroll; and operates AI-led capabilities software.

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