Alpha Teknova (NASDAQ:TKNO) Announces Quarterly Earnings Results

Alpha Teknova (NASDAQ:TKNO) announced its quarterly earnings results on Tuesday. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.03, Yahoo Finance reports. Alpha Teknova had a negative return on equity of 38.24% and a negative net margin of 97.85%. The firm had revenue of $9.61 million for the quarter, compared to analyst estimates of $9.50 million. During the same period last year, the firm posted ($0.25) earnings per share.

Alpha Teknova Trading Up 4.9 %

NASDAQ TKNO traded up $0.18 on Thursday, reaching $3.89. The company had a trading volume of 143,329 shares, compared to its average volume of 229,006. The firm has a market cap of $158.80 million, a price-to-earnings ratio of -3.67 and a beta of 0.39. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.52 and a quick ratio of 3.92. Alpha Teknova has a fifty-two week low of $1.15 and a fifty-two week high of $4.39. The business has a 50 day moving average of $2.26 and a two-hundred day moving average of $2.41.

Insider Buying and Selling

In related news, CEO Stephen Gunstream purchased 80,645 shares of Alpha Teknova stock in a transaction on Friday, July 12th. The shares were purchased at an average price of $1.24 per share, for a total transaction of $99,999.80. Following the transaction, the chief executive officer now owns 243,497 shares of the company’s stock, valued at approximately $301,936.28. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Alpha Teknova news, major shareholder Telegraph Hill Partners Iv, L. purchased 12,096,773 shares of the business’s stock in a transaction on Friday, July 12th. The shares were purchased at an average cost of $1.24 per share, for a total transaction of $14,999,998.52. Following the acquisition, the insider now owns 11,126,929 shares of the company’s stock, valued at $13,797,391.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Stephen Gunstream bought 80,645 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were bought at an average price of $1.24 per share, for a total transaction of $99,999.80. Following the transaction, the chief executive officer now directly owns 243,497 shares in the company, valued at $301,936.28. The disclosure for this purchase can be found here. Insiders purchased a total of 12,217,740 shares of company stock valued at $15,149,998 in the last three months. Insiders own 15.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stephens reiterated an “overweight” rating and set a $5.00 target price on shares of Alpha Teknova in a research report on Wednesday, July 10th.

About Alpha Teknova

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.