Alignment Healthcare CEO John Kao sells $1.18m in inventory

Following these gross sales, Kao’s oblique holdings, managed by way of the JEK Belief, stand at 2,273,100 shares. This exercise displays a unbroken pattern of govt inventory transactions, offering potential insights into firm management’s views on inventory valuation and market situations. For deeper insights into ALHC’s valuation and 12+ further key metrics, try the excellent Professional Analysis Report obtainable on InvestingPro. For deeper insights into ALHC’s valuation and 12+ further key metrics, try the excellent Professional Analysis Report obtainable on InvestingPro.

Following these gross sales, Kao’s oblique holdings, managed by way of the JEK Belief, stand at 2,273,100 shares. This exercise displays a unbroken pattern of govt inventory transactions, offering potential insights into firm management’s views on inventory valuation and market situations.

In different latest information, Alignment Healthcare has reported promising developments. The corporate noticed a 35% year-on-year improve in well being plan membership, rising to roughly 209,900 members as of the beginning of the yr. The corporate forecasts that membership will attain between 225,000 and 231,000 by the top of 2025, according to their ongoing development technique.

Monetary providers agency TD Cowen has raised its value goal for Alignment Healthcare to $13.00, sustaining a Purchase ranking on the corporate’s inventory. This choice adopted the corporate’s robust third-quarter monetary outcomes for 2024, which exceeded consensus estimates by way of income, gross revenue, and adjusted EBITDA.

Alignment Healthcare additionally reported a major year-over-year development in its third-quarter outcomes for 2024, with a 58% improve in well being plan membership and a 52% improve in whole income, reaching $692 million. The corporate’s adjusted EBITDA turned optimistic at $6 million, marking the second consecutive quarter of profitability. These are the latest developments for Alignment Healthcare.

This text was generated with the assist of AI and reviewed by an editor. For extra info see our T&C.