Piper Sandler began coverage on shares of Alignment Healthcare (NASDAQ:ALHC) in a report released on Tuesday, Analyst Price Targets reports. The brokerage issued an overweight rating and a $30.00 price target on the stock.
Shares of NASDAQ:ALHC opened at $23.02 on Tuesday. Alignment Healthcare has a 1 year low of $16.32 and a 1 year high of $26.17.
In related news, Director Warburg Pincus Llc sold 716,624 shares of the business’s stock in a transaction dated Tuesday, April 6th. The stock was sold at an average price of $16.83, for a total value of $12,060,781.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert Thomas Freeman sold 38,919 shares of the business’s stock in a transaction dated Tuesday, April 6th. The shares were sold at an average price of $16.83, for a total value of $655,006.77. Following the completion of the sale, the chief financial officer now directly owns 223,347 shares of the company’s stock, valued at $3,758,930.01. The disclosure for this sale can be found here. Insiders sold a total of 806,386 shares of company stock valued at $13,571,476 over the last ninety days.
Alignment Healthcare, Inc operates as a health insurance company in the United States. Its technology platform, Alignment's Virtual Application is designed specifically for senior care and provides end-to-end coordination of the healthcare ecosystem. The company's product portfolio consists of Medicare Advantage plans and Preferred Provider Organization.
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