ALIGN TECHNOLOGY, INC.
At today's price, ALIGN TECHNOLOGY, INC. (ALGN) is priced for today's economics sustained for ~9.5 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
Align has moved from a hypergrowth story to a mature, cash-rich compounder. First-quarter 2026 revenue rose 6.2 percent to $1.04 billion, with clear aligners up 7.4 percent, well off the old double-digit pace but steadily positive. At $182.02 the stock trades near 21 times operating income, a moderate multiple for the category leader, with the blended methods landing near $106. The price embeds ceiling-level growth held for about nine years. The balance sheet is a fortress, roughly $1.06 billi
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662 institutional managers reported holding ALGN in 13F filings for the quarter ended 2026-03-31. 103 opened new positions that quarter. Held by Vanguard Group, BlackRock, Capital Group (American Funds), among others. On the short side, 4.7M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (5.1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ALGN has cut its share count 9.6% over the past five years, spending $2.09B on repurchases. It pays no dividend. Cash returned over the past three years: $1.15B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at ALGN over the trailing three years: 2023: 2 buys totaling $2.00M; 2024: 1 buy totaling $1.53M; 2025: 2 buys totaling $1.00M. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ALGN's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-06 | -9.6% | +5.1% |
| 2023-08-05 | +16.0% | -21.3% |
| 2023-11-04 | +0.2% | +34.1% |
| 2024-05-04 | -0.5% | -15.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ALGN's latest 8-K filings: 2026-07-09 (items 5.02); 2026-06-22 (items 5.02, 7.01, 9.01); 2026-05-20 (items 5.07, 9.01); 2026-05-01 (items 7.01, 9.01); 2026-04-29 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.