Align Technology EVP Coletti buys $4.6k in stock

Published 01/08/2025, 23:02
Align Technology EVP Coletti buys $4.6k in stock

Align Technology (NASDAQ:ALGN) Executive Vice President, Chief Legal & Regulatory, Julie Ann Coletti, purchased 42 shares of common stock on July 31, 2025. The shares were bought at a price of $109.6585, for a total transaction value of $4,605.

The purchase was made under the Align Technology Employee Stock Purchase Plan. Following the transaction, Coletti directly owns 7,110 shares of Align Technology.

In other recent news, Align Technology reported its second-quarter 2025 earnings, missing expectations for both earnings per share and revenue. The company’s EPS was $2.49, falling short of the anticipated $2.57, while revenue reached $1.012 billion, below the projected $1.06 billion. Following these results, Align Technology lowered its full-year guidance, which Barclays (LON:BARC) analyst Hassan Al-Wakeel noted could negatively impact competitors like Straumann. Mizuho (NYSE:MFG) responded by lowering its price target for Align to $210, maintaining an Outperform rating despite weaker-than-expected patient conversion rates in June. Stifel also reduced its price target to $200, citing disappointing case volume and revenue figures, although it kept a Buy rating on the stock. Meanwhile, Morgan Stanley (NYSE:MS) downgraded Align from Overweight to Equalweight, cutting its price target significantly to $154 due to growth concerns. These developments come after a relatively positive investor day in May, adding complexity to the company’s outlook.

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