As per the most recent filings with the Securities and Exchange Commission, shares of Allient Inc.'s common stock were sold by Michael R. Leach, the Chief Financial Officer of the firm (NASDAQ: ALNT). On March 13, 5,000 shares were sold at a weighted average price of $32.993 per share. This transaction resulted in a total transaction value of about $164,965.
Leach still owns a sizable portion of the business after this transaction, having directly acquired 87,089 shares of Allient Inc.'s common stock. In addition, 2,242 shares are indirectly owned through an ESOP Trust, according to the SEC filing's non-derivative holdings section.
Amherst, New York serves as the home office of Allient Inc., a company that manufactures equipment for measuring and testing electricity and electrical signals. With roots in Hathaway Instruments Inc., the corporation was once known as Allied Motion Technologies (NASDAQ: ALNT) Inc. Its name has changed multiple times over its history.
Amherst, New York serves as the home office of Allient Inc., a company that manufactures equipment for measuring and testing electricity and electrical signals. With roots in Hathaway Instruments Inc., the corporation was once known as Allied Motion Technologies (NASDAQ: ALNT) Inc. Its name has changed multiple times over its history.
Since insider transactions can reveal executives' level of confidence in the company's future, investors frequently keep an eye on them. Considering the magnitude of the deal and Leach's position as CFO, the sale is noteworthy. Potential and current investors and shareholders of Allient Inc. will probably keep a close eye on any additional insider transactions for clues about the company's financial standing and future course.
Market observers may find more context in the company's current financial data and analyst estimates as they assess the recent insider sale by Michael R. Leach, CFO of Allient Inc. With a market valuation of $546.42 million, Allient Inc. (NASDAQ:ALNT) is in the mid-cap sector of the market, which frequently draws in investors seeking a balance between stability and growth potential.