A peek at Align Technology, Inc. (ALGN): Who has invested in It?

Align Technology, Inc. (NASDAQ: ALGN) is 7.66% higher on its value in year-to-date trading and has touched a low of $176.34 and a high of $413.20 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ALGN stock was last observed hovering at around $284.73 in the last trading session, with the day’s gains setting it 10.27%.

Currently trading at $295.00, the stock is 9.21% and 15.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing 3.61% at the moment leaves the stock 0.49% off its SMA200. ALGN registered -14.51% loss for a year compared to 6-month loss of -16.38%. The firm has a 50-day simple moving average (SMA 50) of $5.62 and a 200-day simple moving average (SMA200) of $33.08.

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The stock witnessed a 6.30% gain in the last 1 month and extending the period to 3 months gives it a 49.35%, and is 7.91% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.46% over the week and 4.05% over the month.

Align Technology, Inc. (ALGN) has around 23165 employees, a market worth around $22.59B and $3.86B in sales. Current P/E ratio is 50.75 and Fwd P/E is 27.48. Profit margin for the company is 11.52%. Distance from 52-week low is 67.29% and -28.61% from its 52-week high. The company has generated returns on investments over the last 12 months (11.94%).

Align Technology, Inc. quarterly earnings per share for the current quarter are estimated at $1.97 with sales reaching $970.74M over the same period.The EPS is expected to grow by 8.89% this year, but quarterly earnings will post 4.70% year-over-year. Quarterly sales are estimated to grow 2.90% in year-over-year returns.

1,178 institutions hold shares in Align Technology, Inc. (ALGN), with institutional investors hold 94.82% of the company’s shares. The shares outstanding are 77.27M, and float is at 71.62M with Short Float at 2.23%. Institutions hold 88.68% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 8.26 million shares valued at $2.92 billion. The investor’s holdings represent 10.79% of the ALGN Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 5.59 million shares valued at $1.98 billion to account for 7.31% of the shares outstanding. The other top investors are Edgewood Management Llc which holds 3.28 million shares representing 4.28% and valued at over $1.16 billion, while JP Morgan Chase & Company holds 4.28% of the shares totaling 3.28 million with a market value of $1.16 billion.

Align Technology, Inc. (ALGN) Insider Activity

A total of 2 insider transactions have happened at Align Technology, Inc. (ALGN) in the last six months, with sales accounting for 0 and purchases happening 2 times. The most recent transaction is an insider purchase by HOGAN JOSEPH M, the company’s President and CEO. SEC filings show that HOGAN JOSEPH M bought 5,194 shares of the company’s common stock on Nov 09 at a price of $192.50 per share for a total of $1.0 million. Following the purchase, the insider now owns 0.21 million shares.

Align Technology, Inc. disclosed in a document filed with the SEC on Oct 31 that HOGAN JOSEPH M (President and CEO) bought a total of 5,319 shares of the company’s common stock. The trade occurred on Oct 31 and was made at $188.00 per share for $1.0 million. Following the transaction, the insider now directly holds 0.2 million shares of the ALGN stock.

Still, SEC filings show that on May 30, Dallas Kevin J (Director) acquired 7,000 shares at an average price of $285.26 for $2.0 million. The insider now directly holds 12,246 shares of Align Technology, Inc. (ALGN).

Align Technology, Inc. (ALGN): Who are the competitors?

One of the company’s main competitors (and peers) include Stearman Resources Inc. (STMN) that is trading -38.89% down over the past 12 months.Zimmer Biomet Holdings Inc. (ZBH) lies in the list of competitors of the Align Technology, Inc. and is -3.81% lower over the same period from ALGNDentsply Sirona Inc. (XRAY) is -7.61% down on the 1-year trading charts.