Alight, Inc. (NYSE:ALIT – Get Free Report) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 50,760,201 shares, an increase of 23.4% from the February 26th total of 41,121,316 shares. Currently, 9.7% of the shares of the stock are sold short. Based on an average trading volume of 49,005,128 shares, the days-to-cover ratio is currently 1.0 days.
Insider Activity at Alight
In other news, CEO Rohit Verma bought 112,000 shares of the stock in a transaction dated Thursday, March 12th. The shares were acquired at an average price of $0.89 per share, with a total value of $99,680.00. Following the acquisition, the chief executive officer owned 1,134,883 shares in the company, valued at $1,010,045.87. This trade represents a 10.95% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have acquired 242,000 shares of company stock valued at $201,280. 1.93% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Alight
Several large investors have recently made changes to their positions in ALIT. Aristotle Capital Boston LLC grew its holdings in Alight by 64.7% during the third quarter. Aristotle Capital Boston LLC now owns 3,161,157 shares of the company’s stock valued at $10,305,000 after purchasing an additional 1,241,326 shares during the period. Prudential Financial Inc. raised its holdings in Alight by 14.0% in the second quarter. Prudential Financial Inc. now owns 1,183,796 shares of the company’s stock worth $6,700,000 after purchasing an additional 145,606 shares during the period. Neuberger Berman Group LLC boosted its position in shares of Alight by 17.9% during the third quarter. Neuberger Berman Group LLC now owns 7,250,711 shares of the company’s stock worth $23,651,000 after purchasing an additional 1,102,802 shares in the last quarter. Invenomic Capital Management LP acquired a new position in shares of Alight in the 3rd quarter valued at $6,211,000. Finally, Permanent Capital Management LP bought a new stake in shares of Alight in the 3rd quarter valued at $848,000. Institutional investors and hedge funds own 96.74% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Analysis on ALIT
Alight Price Performance
Shares of ALIT stock traded up $0.03 during trading hours on Tuesday, reaching $0.58. 26,617,503 shares of the company were exchanged, compared to its average volume of 50,896,244. Alight has a fifty-two week low of $0.50 and a fifty-two week high of $6.11. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.31 and a quick ratio of 1.31. The stock’s fifty day moving average is $1.07 and its two-hundred day moving average is $1.98. The company has a market cap of $312.15 million, a price-to-earnings ratio of -0.10, a P/E/G ratio of 0.30 and a beta of 1.16.
Alight (NYSE:ALIT – Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07). Alight had a negative net margin of 136.91% and a positive return on equity of 9.61%. The company had revenue of $653.00 million during the quarter, compared to analyst estimates of $654.30 million. Sell-side analysts forecast that Alight will post 0.54 earnings per share for the current fiscal year.
Key Alight News
Here are the key news stories impacting Alight this week:
- Negative Sentiment: Multiple firms report a class action filed covering purchases from Nov 12, 2024–Feb 18, 2026; investors urged to contact Pomerantz. INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Alight, Inc. of Class Action Lawsuit and Upcoming Deadlines – ALIT
- Negative Sentiment: Rosen Law Firm reminds purchasers of ALIT of May 15, 2026 lead-plaintiff deadline for the alleged securities claims. ROSEN, A LEADING LAW FIRM, Encourages Alight, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – ALIT
- Negative Sentiment: Bernstein Liebhard LLP announces a securities fraud class action has been filed and invites investors to consider joining. SHAREHOLDER ALERT Bernstein Liebhard LLP Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Alight, Inc. (ALIT)
- Negative Sentiment: Schall Law Firm notifies investors about the securities fraud suit and seeks potential lead plaintiffs for the same class period. ALIT Investors Have Opportunity to Lead Alight, Inc Securities Fraud Lawsuit with the Schall Law Firm
- Negative Sentiment: The Gross Law Firm issues a May 15 lead plaintiff deadline alert for ALIT investors in the stated class period. ALIT Shareholder Alert: May 15, 2026 Lead Plaintiff Deadline in Alight, Inc. Securities Class Action Lawsuit — The Gross Law Firm
- Negative Sentiment: Faruqi & Faruqi reminds investors of the May 15 deadline and offers counsel to those who suffered losses during the class period. ALIT EQUITY ALERT: Faruqi & Faruqi, LLP Reminds Alight (ALIT) Investors of Securities Class Action Deadline on May 15, 2026
- Negative Sentiment: Kirby McInerney LLP announces a filed class action and invites affected investors to get information about joining the suit. INVESTOR ALERT: Securities Class Action Filed Against Alight, Inc. – Investors Encouraged to Contact Kirby McInerney LLP
- Negative Sentiment: Robbins LLP urges ALIT stockholders who lost money to contact the firm about leading the class action covering the same class period. Robbins LLP Urges ALIT Stockholders Who Lost Money Investing in Alight, Inc. to Contact the Firm for Information About Leading the Class Action
- Negative Sentiment: Levi & Korsinsky issues an investor alert claiming executives allegedly misled on execution; invites investors to lead the class action. ALIT Investor Alert: Alight, Inc. Securities Fraud Lawsuit – Levi & Korsinsky
- Negative Sentiment: Glancy Prongay Wolke & Rotter LLP reminds shareholders of the May 15 deadline and solicits contact from harmed investors. Deadline Alert: Alight, Inc. (ALIT) Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP About Securities Fraud Lawsuit
Alight Company Profile
Alight, Inc (NYSE: ALIT) is a leading provider of cloud-based human capital and financial solutions designed to help organizations and their employees navigate critical life and work events. The company offers a comprehensive suite of services, including payroll administration, benefits enrollment and management, workforce and analytics solutions, health and welfare support, and financial wellness programs. By integrating advanced technology with expert advisory services, Alight aims to simplify the administration of human resources and benefits functions, improve employee engagement and productivity, and drive cost efficiencies for its clients.
Alight’s core platform leverages cloud architecture and automation to deliver scalable and secure solutions that address the needs of mid-sized and large enterprises.
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