Align Technology Ownership
| ALGN Stock | USD 229.66 1.73 0.76% |
Shares in Circulation | First Issued 2000-03-31 | Previous Quarter 75.2 M | Current Value 74.8 M | Avarage Shares Outstanding 72.3 M | Quarterly Volatility 13 M |
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
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Align Stock Ownership Analysis
About 90.0% of the company shares are held by institutions such as insurance companies. The book value of Align Technology was presently reported as 52.76. The company has Price/Earnings To Growth (PEG) ratio of 1.33. Align Technology recorded earning per share (EPS) of 5.9. The entity had not issued any dividends in recent years. Align Technology, Inc., a medical device company, designs, manufactures, and markets Invisalign clear aligners and iTero intraoral scanners and services for orthodontists and general practitioner dentists, and restorative and aesthetic dentistry. Align Technology, Inc. was incorporated in 1997 and is headquartered in Tempe, Arizona. Align Technology operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 23800 people. For more info on Align Technology please contact Joseph Hogan at 602 742 2000 or go to https://www.aligntech.com.Besides selling stocks to institutional investors, Align Technology also allocates a substantial amount of its earnings to a pull of share-based compensation to be paid out to its employees, managers, executives, and members of the board of directors. Share-Based compensation (also sometimes called Stock-Based Compensation) is a way of paying different Align Technology's stakeholders with equity in the business. It is typically used as a motivation factor for employees to contribute beyond their regular compensation (salary and bonus). It is also used as a tool to align Align Technology's strategic interests with those of the company's shareholders. Shares issued to employees are usually subject to a vesting period before they are earned and sold.
Align Technology Quarterly Liabilities And Stockholders Equity |
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Align Technology Insider Trades History
About 7.0% of Align Technology are currently held by insiders. Unlike Align Technology's institutional investors, corporate insiders most likely have a limit on the maximum percentage of share ownership. This is done to align insiders' influence against Align Technology's private investors even though both sides will benefit from rising prices or experience loss when the share price declines. The good rule to have in mind is that the maximum share ownership percentage of the corporate insiders should not surpass 25%. View all of Align Technology's insider trades
Align Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Align Technology is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Align Technology backward and forwards among themselves. Align Technology's institutional investor refers to the entity that pools money to purchase Align Technology's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Bank Of New York Mellon Corp | 2024-06-30 | 1.1 M | Capital World Investors | 2024-09-30 | 1.1 M | Brown Advisory Holdings Inc | 2024-09-30 | 971.9 K | Jpmorgan Chase & Co | 2024-06-30 | 945.7 K | Alliancebernstein L.p. | 2024-06-30 | 920 K | Norges Bank | 2024-06-30 | 892.6 K | Amvescap Plc. | 2024-06-30 | 834.8 K | Sands Capital Management, Llc | 2024-09-30 | 800.4 K | Disciplined Growth Investors Inc | 2024-09-30 | 753 K | Vanguard Group Inc | 2024-09-30 | 8.5 M | Blackrock Inc | 2024-06-30 | 8 M |
Align Technology Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Align Technology insiders, such as employees or executives, is commonly permitted as long as it does not rely on Align Technology's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Align Technology insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
John Morici over a month ago Disposition of 603 shares by John Morici of Align Technology at 1.0E-4 subject to Rule 16b-3 | ||
Siegel Susan E over two months ago Acquisition by Siegel Susan E of 1148 shares of Align Technology at 1.0E-4 subject to Rule 16b-3 | ||
Emory Wright over six months ago Acquisition by Emory Wright of 3533 shares of Align Technology subject to Rule 16b-3 | ||
Stuart Hockridge over six months ago Acquisition by Stuart Hockridge of 2765 shares of Align Technology subject to Rule 16b-3 | ||
Joseph Lacob over six months ago Disposition of 10000 shares by Joseph Lacob of Align Technology at 313.0075 subject to Rule 16b-3 | ||
Emory Wright over a year ago Acquisition by Emory Wright of 1070 shares of Align Technology subject to Rule 16b-3 | ||
Emory Wright over a year ago Exercise or conversion by Emory Wright of 544 shares of Align Technology subject to Rule 16b-3 |
Align Technology's latest congressional trading
Congressional trading in companies like Align Technology, is subject to rigorous scrutiny to prevent conflicts of interest and insider trading. This is governed by multiple SEC regulations which were established to foster transparency and deter members of Congress from leveraging non-public information for personal gain. This oversight helps maintain public trust and ensures that investments in Align Technology by those in governmental positions are based on the same information available to the general public.
| 2024-06-08 | Representative Josh Gottheimer | Acquired Under $15K | Verify |
Align Technology Outstanding Bonds
Align Technology issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Align Technology uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Align bonds can be classified according to their maturity, which is the date when Align Technology has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Dana 575 percent Corp BondUS235822AB96 | View | |
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| ATDBCN 34 13 MAY 41 Corp BondUS01626PAP18 | View | |
| ATDBCN 3625 13 MAY 51 Corp BondUS01626PAQ90 | View | |
| ATDBCN 45 26 JUL 47 Corp BondUS01626PAG19 | View | |
| ATDBCN 355 26 JUL 27 Corp BondUS01626PAH91 | View | |
| ATDBCN 295 25 JAN 30 Corp BondUS01626PAM86 | View |
Align Technology Corporate Filings
10Q | 5th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 25th of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 19th of August 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
| 30th of May 2024 Other Reports | ViewVerify |
Pair Trading with Align Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Align Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Align Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Align Stock
| 0.71 | VMD | Viemed Healthcare | PairCorr |
| 0.57 | WGS | GeneDx Holdings Corp | PairCorr |
| 0.48 | MBOT | Microbot Medical | PairCorr |
| 0.46 | LNSR | LENSAR Inc | PairCorr |
| 0.34 | VREX | Varex Imaging Corp | PairCorr |
The ability to find closely correlated positions to Align Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Align Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Align Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Align Technology to buy it.
The correlation of Align Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Align Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Align Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Align Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Align Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Align Technology. If investors know Align will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Align Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.02) | Earnings Share 5.9 | Revenue Per Share 52.669 | Quarterly Revenue Growth 0.018 | Return On Assets 0.067 |
The market value of Align Technology is measured differently than its book value, which is the value of Align that is recorded on the company's balance sheet. Investors also form their own opinion of Align Technology's value that differs from its market value or its book value, called intrinsic value, which is Align Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Align Technology's market value can be influenced by many factors that don't directly affect Align Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Align Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Align Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Align Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.