Main Officer of experience in Alignment Healthcare Sale Stocks for $ 217,276 byd by Investing.com
Hakan Kardes, Chief Experience Officer of Alignment Healthcare, Inc. (Nasdaq :), a health company with a market capitalization of $ 2.87 billion, whose section has increased by 122% over the last year, has recently sold 14,500 stock companies. The shares were sold at a weighted average price of $ 14,9846, resulting in the total value of a $ 217,276 transaction. After this sale, Kardes retains ownership of 295,444 shares. According to Investingpro Analysis, shares are currently traded close to the highest level in $ 52 from $ 15.05.
The transaction was carried out according to the pre-established Plan of Trading of the Rules 10B5-1, adopted on March 14, 2024. The shares were sold in multiple transactions at prices ranging from $ 14.98 to 15.00 per share. Investingpro Data show that the section is currently in the area of conversion, with 11 additional key insights available to subscribers.
In other recent news, Alignment Healthcare has experienced a number of positive shifts. Stifel’s analysts raised the targeted price of the company from $ 14.00 to $ 16.00, retaining the Kupi rating and emphasizing the solid results of Alignment in the annual enrollment period. This followed after the impressive growth of the company’s revenue of 43.5% in the last twelve months and an increase in membership in the health care plan of 35% compared to the previous year, reaching approximately 209,900 members. Membership growth is expected to reach between 225,000 and 231,000 by the end of 2025.
In addition, the company’s results in the third quarter for 2024 showed an increase of 58% in a healthcare plan and an increase of 52% in total revenue, which is $ 692 million. TD Cowen, a financial services company, responded to these good results by raising the target price for Alignment Healthcare from $ 10.00 at $ 13.00, with Kupi grades. The company management also expects at least 20%growth in Medicare Advantage membership and the custom EBITDA of over $ 40 million by 2025.
These recent movements indicate positive prospects for Alignment Healthcare, with analysts from Stiphel and TD Cowen who express confidence in the strategic positioning and potential of the company’s growth.
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