Nkcfo LLC Purchases 27,000 Shares of Alpha Teknova, Inc. (NASDAQ:TKNO)

Nkcfo LLC lifted its position in Alpha Teknova, Inc. (NASDAQ:TKNOFree Report) by 45.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,000 shares of the company’s stock after buying an additional 27,000 shares during the period. Nkcfo LLC’s holdings in Alpha Teknova were worth $452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Mount Lucas Management LP grew its stake in shares of Alpha Teknova by 566.7% during the 1st quarter. Mount Lucas Management LP now owns 60,000 shares of the company’s stock valued at $311,000 after purchasing an additional 51,000 shares during the period. Kestra Private Wealth Services LLC grew its position in Alpha Teknova by 94.3% during the first quarter. Kestra Private Wealth Services LLC now owns 59,953 shares of the company’s stock valued at $311,000 after buying an additional 29,105 shares during the period. Larson Financial Group LLC purchased a new stake in Alpha Teknova during the first quarter valued at approximately $30,000. Stratos Wealth Advisors LLC bought a new position in Alpha Teknova in the first quarter worth approximately $59,000. Finally, Tradewinds LLC. raised its holdings in Alpha Teknova by 205.6% in the 1st quarter. Tradewinds LLC. now owns 133,088 shares of the company’s stock worth $691,000 after purchasing an additional 89,538 shares during the period. Institutional investors own 13.81% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stephens raised shares of Alpha Teknova to a “strong-buy” rating and set a $8.00 price target on the stock in a report on Tuesday, July 22nd.

Get Our Latest Research Report on Alpha Teknova

Alpha Teknova Trading Up 0.2%

TKNO stock opened at $5.18 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.64 and a quick ratio of 4.71. Alpha Teknova, Inc. has a 1-year low of $3.26 and a 1-year high of $10.37. The business has a 50 day simple moving average of $5.39 and a two-hundred day simple moving average of $6.30. The company has a market capitalization of $276.82 million, a price-to-earnings ratio of -10.79 and a beta of 0.33.

Alpha Teknova (NASDAQ:TKNOGet Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.02. Alpha Teknova had a negative net margin of 60.90% and a negative return on equity of 28.48%. The business had revenue of $9.60 million for the quarter, compared to analysts’ expectations of $9.41 million. Research analysts anticipate that Alpha Teknova, Inc. will post -0.58 EPS for the current fiscal year.

Insider Transactions at Alpha Teknova

In other news, Director Martha J. Demski sold 8,000 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $5.06, for a total transaction of $40,480.00. Following the completion of the transaction, the director directly owned 12,000 shares in the company, valued at approximately $60,720. This represents a 40.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.50% of the stock is currently owned by insiders.

About Alpha Teknova

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Alpha Teknova (NASDAQ:TKNO)

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