Doogue Michael

ALGM CEO Michael Doogue sells $1.42M in shares, first open-market sale after prior purchase that proved well-timed.

Michael Doogue, President and CEO of Allegro Microsystems, sold approximately one-tenth of his stake in a single transaction worth $1.42M. The stock is trading roughly 10% below its 52-week high after gaining significantly over the past month, putting the sale in a context of recent strength. Doogue's track record at this company shows disciplined timing—his prior open-market purchase resulted in the stock climbing notably in the following months—but this sale represents his first open-market exit in the 36-month window, shifting from accumulation to disposition. The company is unprofitable on an annual basis with significant revenue declines, though the most recent quarter showed a return to profitability and modest sequential growth, suggesting the turnaround narrative may be stabilizing. This sale by the CEO during a period of operational recovery and after proven ability to time purchases well warrants watching the near-term stock action and earnings trajectory.

SVP/CTO Michael Doogue buys 15,000 shares of ALLEGRO at $19.00; stock down 41.2% from 52-week high amid net losses.

Michael Doogue, SVP and CTO, purchased 15,000 shares at $19.00 on 2024-11-18, increasing his holdings by 6.5% to 246,086 shares. This acquisition occurs in a challenging financial backdrop: the company reported a net loss of $33,675,000.00 in the latest quarter while generating revenue of $187,391,000.00, and the stock has declined 41.2% from its 52-week high of $33.15. The current price of $19.49 sits at the low end of the 52-week range, with the stock down 22.8% over the past 90 days. While the purchase demonstrates continued personal investment by a senior technical officer, it occurs against material operational headwinds and significant recent price deterioration, warranting investor attention to the company's path to profitability.