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David Sponsel, Executive Vice President of Sales at Alphatec Holdings , Inc. (NASDAQ:ATEC), recently sold 33,732 shares of the company’s common stock. The sales took place on March 6, 2025, and were executed at a weighted average price of $10.83 per share, totaling approximately $365,317. This transaction was part of a pre-arranged Rule 10b5-1 trading plan, adopted by Sponsel in September 2024, to address tax obligations linked to the vesting of restricted stock units. The current stock price of $9.52 sits well below analyst targets ranging from $11 to $22.50.
Following the sale, Sponsel retains direct ownership of 668,977 shares in the company. The shares were sold in multiple transactions with prices ranging from $10.47 to $11.16. According to InvestingPro, ATEC maintains a FAIR financial health score, with additional insights available in the comprehensive Pro Research Report, which offers deep-dive analysis of this $1.37B market cap company.
In other recent news, Alphatec Holdings reported its fourth-quarter 2024 earnings, revealing revenue of $177 million, which surpassed analyst expectations of $170.35 million. However, the company missed its earnings per share (EPS) forecast, reporting -$0.23 compared to the anticipated -$0.05. Despite the revenue beat, the EPS miss has sparked mixed reactions. Alphatec has also announced a $300 million convertible notes offering due in 2030, with an option for an additional $50 million, aimed at funding capped call transactions and repurchasing some of its existing notes due in 2026. This financial strategy is designed to mitigate potential dilution and offset cash payments. TD Cowen has maintained its Buy rating for Alphatec with a price target of $22.50, citing the company’s solid performance and positive cash flow outlook. The company also issued $405 million in convertible senior notes due 2030, with plans to use proceeds for strategic initiatives. These developments reflect Alphatec’s ongoing efforts to manage its financial structure while pursuing growth opportunities.
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