Alight, Inc. (NYSE:ALIT) Insider Sells $24,980.00 in Stock

Alight, Inc. (NYSE:ALITGet Free Report) insider Dinesh V. Tulsiani sold 2,498 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $10.00, for a total transaction of $24,980.00. Following the sale, the insider now owns 746,169 shares in the company, valued at $7,461,690. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Alight Trading Down 3.8 %

NYSE:ALIT opened at $9.93 on Friday. The stock has a fifty day moving average price of $9.09 and a two-hundred day moving average price of $8.07. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.58. Alight, Inc. has a 1 year low of $6.33 and a 1 year high of $10.38.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ALIT. Nomura Asset Management Co. Ltd. purchased a new position in shares of Alight in the first quarter valued at $27,000. Royal Bank of Canada increased its position in shares of Alight by 36.8% in 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. Advisor Group Holdings Inc. increased its position in shares of Alight by 65.8% in the first quarter. Advisor Group Holdings Inc. now owns 4,725 shares of the company’s stock valued at $47,000 after buying an additional 1,875 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Alight during the 1st quarter worth about $49,000. Finally, Lazard Asset Management LLC increased its position in Alight by 117.8% during the 3rd quarter. Lazard Asset Management LLC now owns 7,318 shares of the company’s stock worth $51,000 after purchasing an additional 3,958 shares in the last quarter. Hedge funds and other institutional investors own 79.56% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Citigroup restated a “buy” rating and set a $12.00 target price on shares of Alight in a research note on Friday, January 5th. Canaccord Genuity Group initiated coverage on Alight in a report on Wednesday, December 6th. They issued a “buy” rating and a $12.00 price target for the company. TheStreet raised Alight from a “d+” rating to a “c-” rating in a report on Tuesday, December 12th. Needham & Company LLC increased their price objective on Alight from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday. Finally, Canaccord Genuity Group increased their price objective on Alight from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alight has an average rating of “Buy” and an average price target of $12.71.

Get Our Latest Analysis on Alight

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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