Director Larkin C Raymond Jr. buys 6,500 shares of ALGN at $235.33; holdings rise to 23,597 shares (+38.0%)
Director Larkin C Raymond Jr. purchased 6,500 shares at $235.33 on 2024-08-15, increasing his position by 38.0% from 17,097 to 23,597 shares and committing $1,529,645.00 to the purchase. The transaction occurred at a price $4.68 below the current market level of $240.01, and the stock has declined 36.0% from its 52-week high of $374.90, creating a wider margin-of-safety window than recent prices. This open-market buy by a director—a meaningful accumulation in absolute share terms—occurs in the context of a company trading at a 40.14 P/E multiple with modest annual revenue growth of 3.4% against a $1.0B quarterly revenue base, warranting observation of whether this represents a pattern of insider accumulation or a discrete transaction response to current valuation.