Alphatec Holdings , Inc. (NASDAQ:ATEC) Chief Financial Officer, Koning John Todd, has sold a total of 37,500 shares of the company's common stock, according to a recent filing with the Securities and Exchange Commission. The transaction, carried out on April 24, involved shares sold at a weighted average price of $12.82, amounting to a total value of $480,750.
The sales took place through a series of transactions with prices ranging from $12.55 to $13.07. The CFO's sale was conducted under a pre-arranged 10b5-1 trading plan, which allows company insiders to sell shares at predetermined times to avoid accusations of trading on non-public information. This plan was adopted on June 14, 2023, and later amended on November 13, 2023.
Following the sale, CFO Koning John Todd continues to hold 393,356 shares in Alphatec. The company, headquartered in Carlsbad, California, specializes in the design, development, and marketing of medical instruments and apparatus, particularly for the surgical and orthopedic sectors.
The transactions were disclosed to the SEC and the details, including the number of shares sold at each price point within the provided range, are available upon request from the issuer, any security holder of the issuer, or the SEC staff.
Investors typically monitor insider sales for insights into executives' perspectives on the company's current valuation and future prospects. However, sales under a 10b5-1 plan are often scheduled in advance and may not necessarily reflect the insider's view of the company's future performance.
InvestingPro Insights
As Alphatec Holdings, Inc. (NASDAQ:ATEC) navigates the complexities of the market, a deeper dive into the company's financials and performance metrics could shed light on its current position. According to InvestingPro data, Alphatec has a market capitalization of $1.72 billion and has shown a remarkable revenue growth of 37.45% over the last twelve months as of Q4 2023. Despite this growth, the company's P/E ratio stands at -10.41, indicating that it is not currently profitable.
InvestingPro Tips suggest that analysts are not expecting Alphatec to be profitable this year, with earnings revisions trending downwards. This aligns with the company's negative operating income margin of -30.75% for the same period. However, it is worth noting that Alphatec's liquid assets exceed its short-term obligations, suggesting a degree of financial stability.
Investors considering Alphatec's prospects should also be aware that the stock is trading at a high Price/Book multiple of 21.99, which could be a point of concern for value-focused investors. On a more positive note, the company has provided a strong return over the last five years, although it does not pay a dividend to shareholders.
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