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Allegro Microsystems (NASDAQ:ALGM) Stock, Insider Trading Activity
Allegro Microsystems: Insider buying and selling updated today.
What is Insider Activity?
Insider trading activity involves company insiders, such as executives, directors, and employees, engaging in transactions of their own company's stock. Insiders' buy and sell transactions provide valuable insights into their confidence in the company's future performance.
What are Allegro Microsystems Inc Insiders Doing?
At Allegro Microsystems Inc, recent insider activity has drawn attention. Over the last 30 days, insiders have report no sales in the last 30 days, meanwhile, insiders have reported buying a total of 17.68K shares for a total value of $339.83K.
Notable Recent Insider Buys and Sales
- On November 19, 2024, Michael Doogue, the company's SVP, CTO purchased 12.68K shares for $19.12 each.
- On November 6, 2024, Vineet Nargolwala, the company's PRESIDENT AND CEO purchased 5K shares for $19.89 each.
Ownership Statistics for Allegro Microsystems Inc
Shares Outstanding
183.903M
Insider Shares Owned
4.612M
Insider Percentage Owned
2.51%
Institutional Shares Held
118.979M
Institutional Percentage Held
64.7%
Data brought to you by Benzinga APIs
FAQ
Is insider trading legal?
Insider trading is legal so long as the insiders report those trades to the SEC. Illegal securities trading occurs when the insider is violating a fiduciary duty or fails to report their trades.
What are some examples of market manipulation?
Insider trading, pump and dump schemes, front running and wash trades are all examples of market manipulation. Investors who track insider asset movement should think carefully about why these insiders are trading their stocks before moving forward.
Browse insider trades on all stocks.