Allegro MicroSystems CEO Sells $1.42 Million in Company Stock
ALGM has more than doubled off its 52-week low of $22.41.
Summary
Allegro MicroSystems' President and CEO, Michael Doogue, sold $1.42 million of company stock, a notable transaction by a top executive.
Key Events · Ownership and Investor Activity · ALGM
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CEO Sells Over $1.4 Million in Stock
Michael Doogue, President and CEO, disposed of 30,089 shares of common stock for a total value of $1,421,251 at an average price of $47.23 per share.
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Post-Earnings Sale
This sale occurred on May 11, 2026, shortly after the company reported robust Q4 2026 financial results and positive Q1 2027 guidance on May 7, 2026.
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Indirect Ownership
The shares were sold indirectly through the Michael C. Doogue Revocable Trust of 2015.
Analysis · ALGM · Manufacturing
Michael Doogue, President and CEO of Allegro MicroSystems, sold over $1.4 million worth of common stock. This significant sale by a key executive, occurring shortly after the company reported strong quarterly results, could be interpreted as a move to diversify personal holdings or a lack of conviction, potentially impacting investor sentiment.
At the time of this filing, ALGM was trading at $45.97 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $8.5B. The 52-week trading range was $22.41 to $51.40. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.