Published on 6 Nov 2023 on Simply Wall St. via Yahoo Finance
Following a 63% decline over last year, recent gains may please Allakos Inc. (NASDAQ:ALLK)...
Key Insights
Given the large stake in the stock by institutions, Allakos' stock price might be vulnerable to their trading decisionsA total of 8 investors have a majority stake in the company with 50% ownershipUsing data from analyst forecasts alongside ownership research, one can better assess the future performance of a company
To get a sense of who is truly in control of Allakos Inc. (NASDAQ:ALLK), it is important to understand the ownership structure of the business. With 53% stake, institutions possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company.