Align Technology (ALGN)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.04 bn	1.04 bn	1.04 bn	1.04 bn	1.04 bn	1.04 bn
Cash burn (monthly)	(no burn)	16.36 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	80.76 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	962.23 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	58.8	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

ALGN institutional ownership history Ownership history

87.4% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	694	721	-3.7%
Opened positions	99	80	+23.8%
Closed positions	126	113	+11.5%
Increased positions	205	247	-17.0%
Reduced positions	270	269	+0.4%

13F shares	Current	Prev Q	Change
Total value	12.70 tn	15.27 tn	-16.8%
Total shares	65.24 mm	63.96 mm	+2.0%
Total puts	1.30 mm	1.20 mm	+7.9%
Total calls	578.34 k	914.94 k	-36.8%
Total put/call ratio	2.2	1.3	+70.8%

Largest owners	Shares	Value	Change
Vanguard	8.26 mm	$1.72 tn	-2.5%
BlackRock	7.68 mm	$1.60 tn	-1.1%
STT State Street	3.00 mm	$626.47 bn	-2.7%
Wellington Management	2.38 mm	$497.26 bn	-9.5%
T. Rowe Price Investment Management	1.97 mm	$411.08 mm	-0.5%
Geode Capital Management	1.79 mm	$372.30 bn	+2.2%
Citadel Advisors	1.75 mm	$364.86 bn	+12.8%
Ninety One UK	1.22 mm	$254.51 bn	+3.7%
FMR	1.20 mm	$250.55 bn	-1.7%
Millennium Management	1.13 mm	$234.75 bn	+50.2%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	915.03 k	+915.03 k	NEW
Sands Capital Management	0.00	-800.41 k	EXIT
Point72 Asset Management	76.36 k	-597.96 k	-88.7%
Champlain Investment Partners	0.00	-534.63 k	EXIT
UBS UBS	582.21 k	+414.78 k	+247.7%
Millennium Management	1.13 mm	+376.38 k	+50.2%
Holocene Advisors	174.46 k	-365.36 k	-67.7%
Gund G Zachary	348.73 k	+348.73 k	NEW
Railway Pension Investments	0.00	-326.36 k	EXIT
Envestnet Asset Management	111.62 k	-303.21 k	-73.1%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

ALGN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
20 Feb 25	Joseph M Hogan	Common Stock	Payment of exercise	Dispose F	No	No	198.06	8,853	1.75 mm	232,636
20 Feb 25	Joseph M Hogan	Common Stock	Option exercise	Acquire M	No	No	0	21,149	0.00	241,489
20 Feb 25	Joseph M Hogan	Market Stock Unit Common Stock	Grant	Acquire A	No	No	0.0001	36,969	3.70	36,969
20 Feb 25	Joseph M Hogan	RSU Common Stock	Grant	Acquire A	No	No	0.0001	15,843	1.58	15,843
20 Feb 25	Joseph M Hogan	RSU Common Stock	Option exercise	Dispose M	No	No	0.0001	3,397	0.34	10,191
20 Feb 25	Joseph M Hogan	RSU Common Stock	Option exercise	Dispose M	No	No	0.0001	3,673	0.37	7,344
20 Feb 25	Joseph M Hogan	Market Stock Unit Common Stock	Option exercise	Dispose M	No	No	0.0001	10,802	1.08	0
20 Feb 25	Joseph M Hogan	RSU Common Stock	Option exercise	Dispose M	No	No	0.0001	1,865	0.19	1,865
20 Feb 25	Joseph M Hogan	RSU Common Stock	Option exercise	Dispose M	No	No	0.0001	1,412	0.14	0
20 Feb 25	Hockridge Stuart A	Common Stock	Payment of exercise	Dispose F	No	No	198.06	696	137.85 k	11,558