Alight, Inc. (NYSE:ALIT) Insider Katie J. Rooney Sells 7,100 Shares of Stock

Alight, Inc. (NYSE:ALITGet Free Report) insider Katie J. Rooney sold 7,100 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $9.00, for a total transaction of $63,900.00. Following the completion of the sale, the insider now directly owns 2,999,434 shares in the company, valued at approximately $26,994,906. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Alight Trading Down 1.0 %

Shares of NYSE ALIT opened at $9.01 on Thursday. Alight, Inc. has a 1 year low of $6.33 and a 1 year high of $10.19. The stock has a market cap of $4.98 billion, a P/E ratio of -17.32, a price-to-earnings-growth ratio of 1.81 and a beta of 0.92. The firm has a 50-day moving average of $8.46 and a 200 day moving average of $7.88. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 1.22.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ALIT. Advisor Group Holdings Inc. grew its stake 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 worth $47,000 after acquiring an additional 1,875 shares during the period. PNC Financial Services Group Inc. bought a new stake in shares of Alight in the first quarter worth approximately $121,000. Natixis Advisors L.P. grew its stake in shares of Alight by 20.1% in the first quarter. Natixis Advisors L.P. now owns 166,182 shares of the company’s stock worth $1,653,000 after acquiring an additional 27,810 shares during the period. Rhumbline Advisers bought a new stake in shares of Alight in the first quarter worth approximately $129,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Alight in the first quarter worth approximately $569,000. 79.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ALIT. TheStreet raised shares of Alight from a “d+” rating to a “c-” rating in a research note on Tuesday, December 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $13.00 target price on shares of Alight in a research note on Monday, December 11th. Canaccord Genuity Group began coverage on shares of Alight in a research note on Wednesday, December 6th. They set a “buy” rating and a $12.00 target price on the stock. UBS Group lifted their target price on shares of Alight from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, Wedbush lifted their target price on shares of Alight from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, December 28th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $12.63.

Get Our Latest Analysis on Alight

About Alight

(Get Free Report)

Alight, Inc provides cloud-based integrated digital human capital and business solutions worldwide. The company operates through Employer Solutions, Professional Services, and Hosted Business segments. 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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