Alpha Teknova, Inc. (NASDAQ:TKNO – Get Free Report) shares traded down 1.5% on Monday . The company traded as low as $4.93 and last traded at $5.16. 400,782 shares traded hands during trading, an increase of 91% from the average session volume of 210,242 shares. The stock had previously closed at $5.24.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Alpha Teknova in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Alpha Teknova presently has an average rating of “Hold” and a consensus price target of $8.00.
Get Our Latest Research Report on TKNO
Alpha Teknova Stock Up 6.0%
Alpha Teknova (NASDAQ:TKNO – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.01. The company had revenue of $11.08 million during the quarter, compared to analysts’ expectations of $10.23 million. Alpha Teknova had a negative net margin of 41.07% and a negative return on equity of 24.32%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in TKNO. Roubaix Capital LLC lifted its stake in Alpha Teknova by 88.5% in the first quarter. Roubaix Capital LLC now owns 1,882,355 shares of the company’s stock valued at $5,440,000 after buying an additional 883,823 shares during the period. Royce & Associates LP acquired a new position in shares of Alpha Teknova during the 4th quarter valued at $1,116,000. Balyasny Asset Management L.P. boosted its stake in Alpha Teknova by 19.5% during the second quarter. Balyasny Asset Management L.P. now owns 1,000,484 shares of the company’s stock worth $4,912,000 after acquiring an additional 163,526 shares in the last quarter. Massar Capital Management LP boosted its stake in Alpha Teknova by 185.7% during the second quarter. Massar Capital Management LP now owns 200,000 shares of the company’s stock worth $982,000 after acquiring an additional 130,000 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Alpha Teknova by 64.4% in the second quarter. Geode Capital Management LLC now owns 298,850 shares of the company’s stock worth $1,468,000 after purchasing an additional 117,016 shares during the period. 13.81% of the stock is owned by institutional investors.
Alpha Teknova Company Profile
Alpha Teknova, Inc (NASDAQ: TKNO) is a life science tools and reagents company that develops, manufactures and distributes proprietary products to support research, drug discovery and biomanufacturing. Its offerings target academic institutions, pharmaceutical and biotechnology firms, and diagnostic developers, with a focus on high-purity reagents and optimized workflows designed to accelerate molecular biology and protein science applications.
The company’s portfolio includes molecular biology reagents, cell culture buffers, in vitro translation kits, custom recombinant proteins, high-throughput screening buffers and other specialized formulations.
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