Alpha Teknova, Inc. (NASDAQ:TKNO) Holdings Lifted by Mount Lucas Management LP

Mount Lucas Management LP boosted its holdings in Alpha Teknova, Inc. (NASDAQ:TKNO) by 566.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,000 shares of the company’s stock after acquiring an additional 51,000 shares during the quarter. Mount Lucas Management LP owned about 0.11% of Alpha Teknova worth $311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in shares of Alpha Teknova during the 4th quarter worth $716,000. JPMorgan Chase & Co. lifted its holdings in shares of Alpha Teknova by 622.5% during the fourth quarter. JPMorgan Chase & Co. now owns 4,400 shares of the company’s stock valued at $37,000 after purchasing an additional 3,791 shares during the last quarter. Tradewinds LLC. acquired a new position in shares of Alpha Teknova in the 4th quarter valued at $383,000. Invesco Ltd. acquired a new position in shares of Alpha Teknova in the 4th quarter valued at $9,236,000. Finally, Barclays PLC purchased a new position in Alpha Teknova in the 4th quarter worth about $132,000. 13.81% of the stock is currently owned by institutional investors.

Insider Activity

In other Alpha Teknova news, Director Martha J. Demski sold 8,000 shares of the stock in a transaction on Friday, June 27th. The shares were sold at an average price of $5.06, for a total value of $40,480.00. Following the sale, the director directly owned 12,000 shares in the company, valued at approximately $60,720. This trade represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 12.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stephens upgraded shares of Alpha Teknova to a “strong-buy” rating and set a $8.00 price target for the company in a report on Tuesday.

Alpha Teknova Price Performance

Shares of TKNO stock opened at $5.10 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.64 and a quick ratio of 4.71. The stock’s fifty day simple moving average is $5.44 and its 200 day simple moving average is $6.38. Alpha Teknova, Inc. has a one year low of $2.90 and a one year high of $10.37. The firm has a market cap of $272.54 million, a price-to-earnings ratio of -10.62 and a beta of 0.33.

Alpha Teknova (NASDAQ:TKNO) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. Alpha Teknova had a negative return on equity of 28.48% and a negative net margin of 60.90%. The firm had revenue of $9.60 million during the quarter, compared to analysts’ expectations of $9.41 million. On average, analysts expect that Alpha Teknova, Inc. will post -0.58 earnings per share for the current fiscal year.

Alpha Teknova Company Profile

Alpha Teknova, Inc produces critical reagents for the research, discovery, development, and commercialization of novel therapies, vaccines, and molecular diagnostics in the United States and internationally. The company offers pre-poured media plates for cell growth and cloning; liquid cell culture media and supplements for cellular expansion; and molecular biology reagents for sample manipulation, resuspension, and purification.