New insider activity at Alight ( (ALIT) ) has taken place on March 5, 2025.
Director Robert Schriesheim has made a significant investment in Alight by purchasing 22,092 shares of the company’s stock, amounting to a total value of $149,783.
Recent Updates on ALIT stock
Alight Inc’s recent developments have been marked by a positive Q4 earnings call, highlighting strategic achievements such as robust ARR bookings growth, improved retention rates, and the completion of its cloud migration, which is expected to yield significant cost savings. Despite these advancements, the company faces challenges from declining nonrecurring project revenues and the lingering effects of past losses. The company’s forward-looking guidance for 2025 suggests an optimistic outlook, with anticipated improvements in revenue stability, profit margins, and cash flow, driven by cloud migration savings and productivity efforts. Additionally, Alight announced changes to its Board of Directors, aiming to enhance leadership and governance. The company’s stock performance has been stable, with a slight decline in revenue but a significant improvement in net income.
More about Alight
YTD Price Performance: -0.73%
Average Trading Volume: 6,138,347
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.71B