The CEO & Chairman of Allegiant Travel Company is Exercising Options

Today it was reported that the CEO & Chairman of Allegiant Travel Company (ALGT), Maurice Gallagher, exercised options to sell 9,737 ALGT shares at $108.59 a share, for a total transaction value of $1.25M. The options were close to expired and Maurice Gallagher disposed stocks.

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Based on Allegiant Travel Company’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $412 million and quarterly net profit of $40.94 million. In comparison, last year the company earned revenue of $378 million and had a net profit of $81.33 million. ALGT’s market cap is $2.06B and the company has a P/E ratio of 12.67. Currently, Allegiant Travel Company has an average volume of 169.3K.

Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $153.17, reflecting a 20.8% upside.

The insider sentiment on Allegiant Travel Company has been negative according to 33 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Maurice Gallagher’s trades have generated a -6.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Allegiant Travel Co. engages in the provision of travel services. It includes scheduled service air transportation; air-related travel services and product; third party travel products, and fixed fee contract air transportation. The company was founded in 1997 and is headquartered in Las Vegas, NV.