Allspring Global Investments Holdings LLC Decreases Stock Holdings in Alight, Inc. $ALIT

Key Points

• Allspring Global Investments Holdings LLC cut its stake in Alight (NYSE:ALIT) by 98.9% in Q4, selling 2,474,295 shares and leaving 27,860 shares worth about $52,000.
• Multiple law firms — including Faruqi & Faruqi, Rosen, Levi & Korsinsky, Schall and others — have launched or are soliciting securities class-action investigations, signalling elevated litigation risk for the company.
• CEO Rohit Verma bought 112,000 shares at roughly $0.89 on March 12, and insiders purchased 242,000 shares in the last 90 days, bringing insider ownership to 1.93%, indicating notable insider buying despite the stock's depressed price.

Allspring Global Investments Holdings LLC decreased its holdings in Alight, Inc. (NYSE:ALIT - Free Report) by 98.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,860 shares of the company's stock after selling 2,474,295 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Alight were worth $52,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Pallas Capital Advisors LLC purchased a new position in Alight in the 4th quarter worth about $31,000. Corbyn Investment Management Inc. MD raised its position in Alight by 24.9% in the 4th quarter. Corbyn Investment Management Inc. MD now owns 1,767,663 shares of the company's stock worth $3,447,000 after buying an additional 352,838 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Alight by 191.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 77,837 shares of the company's stock valued at $148,000 after purchasing an additional 51,092 shares during the period. Swiss Life Asset Management Ltd grew its stake in shares of Alight by 75.9% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 18,868 shares of the company's stock valued at $62,000 after purchasing an additional 8,139 shares during the period. Finally, Cantor Fitzgerald L. P. bought a new stake in shares of Alight during the 3rd quarter valued at about $261,000. Hedge funds and other institutional investors own 96.74% of the company's stock.

Key Stories Impacting Alight

Here are the key news stories impacting Alight this week:

• Negative Sentiment: Faruqi & Faruqi announced an investigation and reminded investors of the May 15, 2026 lead‑plaintiff deadline — adds another active plaintiff firm to the litigation pool. Faruqi release
• Negative Sentiment: Rosen Law Firm is soliciting investors (including a separate notice for losses >$100K) and promoting the May 15 deadline — increases probability of a consolidated, well‑funded lead plaintiff. Rosen release
• Negative Sentiment: Levi & Korsinsky issued an investor alert highlighting alleged executive misstatements on execution and noting potential Section 20(a) individual liability claims — raises the chance of claims against officers/directors. Levi & Korsinsky alert
• Negative Sentiment: The Schall Law Firm and DJS Law Group both circulated notices encouraging investors to seek lead‑plaintiff status — more firms participating increases litigation coordination and media attention. Schall Law Firm notice
• Negative Sentiment: Additional boutique firms (Portnoy; Bronstein, Gewirtz & Grossman) issued similar class action notices — broad solicitation makes a lawsuit headline cycle more durable. Portnoy notice

Alight Trading Up 7.0%

Shares of NYSE:ALIT opened at $0.62 on Tuesday. The stock has a 50 day moving average of $0.89 and a 200 day moving average of $1.80. The company has a market cap of $330.86 million, a PE ratio of -0.11, a price-to-earnings-growth ratio of 0.31 and a beta of 1.30. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.90. Alight, Inc. has a 12-month low of $0.48 and a 12-month high of $6.11.

Alight (NYSE:ALIT - Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.07). The company had revenue of $653.00 million for the quarter, compared to the consensus estimate of $654.30 million. Alight had a negative net margin of 136.91% and a positive return on equity of 9.61%. As a group, equities research analysts expect that Alight, Inc. will post 0.54 EPS for the current year.

Insider Activity

In related news, CEO Rohit Verma acquired 112,000 shares of the business's stock in a transaction that occurred on Thursday, March 12th. The stock was bought at an average cost of $0.89 per share, for a total transaction of $99,680.00. Following the purchase, the chief executive officer owned 1,134,883 shares in the company, valued at $1,010,045.87. The trade was a 10.95% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders purchased 242,000 shares of company stock worth $201,280. Insiders own 1.93% of the company's stock.

Wall Street Analyst Weigh In

ALIT has been the subject of a number of recent research reports. Needham & Company LLC downgraded Alight from a "buy" rating to a "hold" rating in a research note on Thursday, February 19th. DA Davidson cut their price target on Alight from $6.00 to $5.00 and set a "buy" rating for the company in a research note on Tuesday, February 10th. Weiss Ratings restated a "sell (d-)" rating on shares of Alight in a research note on Wednesday, January 21st. KeyCorp downgraded Alight from an "overweight" rating to a "sector weight" rating in a research note on Thursday, February 19th. Finally, Citigroup downgraded Alight from a "buy" rating to a "neutral" rating and cut their price target for the company from $6.50 to $1.00 in a research note on Friday, February 20th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Alight currently has a consensus rating of "Hold" and an average target price of $3.56.

About Alight

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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