Alpha Teknova, Inc. (NASDAQ:TKNO) Short Interest Update

Alpha Teknova, Inc. (NASDAQ:TKNO) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 346,100 shares, a growth of 28.7% from the August 31st total of 268,900 shares. Currently, 3.3% of the shares of the stock are sold short. Based on an average daily volume of 618,200 shares, the days-to-cover ratio is currently 0.6 days.

Alpha Teknova Price Performance

NASDAQ TKNO traded up $0.20 on Friday, hitting $4.71. 96,939 shares of the company were exchanged, compared to its average volume of 225,709. Alpha Teknova has a 1-year low of $1.15 and a 1-year high of $5.45. The firm has a 50 day moving average of $4.27 and a two-hundred day moving average of $2.75. The company has a current ratio of 4.76, a quick ratio of 3.28 and a debt-to-equity ratio of 0.16. The company has a market cap of $251.04 million, a P/E ratio of -4.54 and a beta of 0.43.

Alpha Teknova (NASDAQ:TKNO) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.03. Alpha Teknova had a negative net margin of 98.08% and a negative return on equity of 37.00%. The business had revenue of $9.61 million during the quarter, compared to analyst estimates of $9.50 million. During the same quarter last year, the business posted ($0.25) earnings per share. On average, equities analysts predict that Alpha Teknova will post -0.54 EPS for the current year.

Analysts Set New Price Targets

Separately, Stephens reaffirmed an “overweight” rating and set a $5.00 price target on shares of Alpha Teknova in a report on Wednesday, July 10th.

Insider Buying and Selling at Alpha Teknova

In related news, major shareholder Telegraph Hill Partners Iv, L. bought 12,096,773 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was acquired at an average cost of $1.24 per share, with a total value of $14,999,998.52. Following the acquisition, the insider now owns 11,126,929 shares in the company, valued at approximately $13,797,391.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Telegraph Hill Partners Iv, L. bought 12,096,773 shares of Alpha Teknova stock in a transaction dated Friday, July 12th. The shares were bought at an average price of $1.24 per share, for a total transaction of $14,999,998.52. Following the purchase, the insider now owns 11,126,929 shares of the company’s stock, valued at $13,797,391.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew Lowell bought 40,322 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were purchased at an average price of $1.24 per share, with a total value of $49,999.28. Following the transaction, the chief financial officer now directly owns 128,376 shares in the company, valued at $159,186.24. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 12,217,740 shares of company stock valued at $15,149,998. 15.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Alpha Teknova

Several large investors have recently made changes to their positions in TKNO. State Board of Administration of Florida Retirement System bought a new stake in Alpha Teknova during the 1st quarter worth about $35,000. Redmile Group LLC lifted its holdings in Alpha Teknova by 6.5% in the first quarter. Redmile Group LLC now owns 171,453 shares of the company’s stock valued at $434,000 after buying an additional 10,448 shares during the period. FourWorld Capital Management LLC acquired a new position in Alpha Teknova in the first quarter valued at approximately $135,000. Finally, Conestoga Capital Advisors LLC boosted its stake in Alpha Teknova by 81.6% in the second quarter. Conestoga Capital Advisors LLC now owns 453,899 shares of the company’s stock valued at $622,000 after acquiring an additional 203,950 shares during the last quarter. Institutional investors and hedge funds own 13.81% of the company’s stock.

About Alpha Teknova

Alpha Teknova, Inc produces critical reagents for the research, discovery, development, and commercialization of novel therapies, vaccines, and molecular diagnostics in the United States and internationally. The company offers pre-poured media plates for cell growth and cloning; liquid cell culture media and supplements for cellular expansion; and molecular biology reagents for sample manipulation, resuspension, and purification.