Apollo Management Holdings L.P. Acquires Shares of 65,036 Alpha Teknova, Inc. (NASDAQ:TKNO)

Apollo Management Holdings L.P. bought a new stake in Alpha Teknova, Inc. (NASDAQ:TKNO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 65,036 shares of the company's stock, valued at approximately $543,000. Apollo Management Holdings L.P. owned about 0.12% of Alpha Teknova as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Invesco Ltd. bought a new position in shares of Alpha Teknova in the 4th quarter valued at about $9,236,000. Susquehanna International Group LLP grew its holdings in Alpha Teknova by 472.5% during the fourth quarter. Susquehanna International Group LLP now owns 209,409 shares of the company's stock worth $1,749,000 after purchasing an additional 172,828 shares during the period. Geode Capital Management LLC grew its holdings in Alpha Teknova by 24.4% during the third quarter. Geode Capital Management LLC now owns 188,173 shares of the company's stock worth $911,000 after purchasing an additional 36,914 shares during the period. Raymond James Financial Inc. acquired a new position in Alpha Teknova during the fourth quarter worth approximately $716,000. Finally, State Street Corp raised its stake in Alpha Teknova by 249.3% in the third quarter. State Street Corp now owns 76,645 shares of the company's stock valued at $371,000 after buying an additional 54,700 shares during the period. Institutional investors own 13.81% of the company's stock.

Alpha Teknova Stock Performance

Shares of TKNO traded down $0.09 during trading hours on Friday, hitting $6.52. The company had a trading volume of 222,441 shares, compared to its average volume of 363,224. The business has a fifty day moving average of $5.77 and a 200-day moving average of $7.11. The company has a quick ratio of 3.94, a current ratio of 4.73 and a debt-to-equity ratio of 0.12. The firm has a market cap of $348.41 million, a price-to-earnings ratio of -8.81 and a beta of 0.54. Alpha Teknova, Inc. has a 12 month low of $1.16 and a 12 month high of $10.37.

Alpha Teknova (NASDAQ:TKNO - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The company reported ($0.11) earnings per share for the quarter. Alpha Teknova had a negative net margin of 87.17% and a negative return on equity of 35.30%. The company had revenue of $9.27 million during the quarter, compared to the consensus estimate of $9.10 million. Equities analysts anticipate that Alpha Teknova, Inc. will post -0.58 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Craig Hallum started coverage on Alpha Teknova in a research note on Monday, February 10th. They set a "buy" rating and a $12.00 target price for the company.

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.