Allegiant Travel CEO Anderson sells $245,308 in stock

In a November 12th transaction, Greg Clark Anderson, CEO and Director of Allegiant Travel Co., sold 2,640 shares of the company's common stock. Each share was sold for $92.92, resulting in a total transaction value of $245,308. At the time of sale, the stock price was trading around $92.15, marking a nearly 40% increase over the prior year. According to InvestingPro analysis, Allegiant's stock is considered overvalued compared to its Fair Value, placing it among several companies on the most overvalued list.

Post this sale, Mr. Anderson holds 118,209 shares of Allegiant Travel common stock directly. For those interested in a deeper analysis, a Pro Research Report on Allegiant Travel (ALGT) is available, among 1,400+ US equities with expert analysis and actionable intelligence.

Allegiant Travel Co. also reported its third-quarter 2026 earnings, exceeding expectations for both profit and revenue. In Q3 2026, Allegiant reported an adjusted loss of $0.03 per share, a significant improvement from the anticipated loss of $0.48 per share. Revenue for the quarter was $961.6 million, surpassing the expected $945.69 million. Despite facing challenges such as higher fuel costs and reduced capacity, demand for Allegiant's services remained strong.

In response to these financial developments, Raymond James raised its price target for Allegiant Travel from $110 to $120, keeping a Strong Buy rating. The analysts noted the favorable risk/reward scenario as the reason for their positive outlook. Allegiant's revenue performance in Q3 2026 was a significant contributor to this revised price target. These updates highlight Allegiant's ability to effectively navigate current market conditions.