Published on 13 May 2023 on Simply Wall St. via Yahoo Finance
Allakos Inc. (NASDAQ:ALLK) has caught the attention of institutional investors who hold a sizeable...
Key Insights
Significantly high institutional ownership implies Allakos' stock price is sensitive to their trading actionsThe top 9 shareholders own 53% of the company Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business
A look at the shareholders of Allakos Inc. (NASDAQ:ALLK) can tell us which group is most powerful. With 45% stake, institutions possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).