Alphatec (ATEC)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	80.98 mm	80.98 mm	80.98 mm	80.98 mm	80.98 mm	80.98 mm
Cash burn (monthly)	6.28 mm	3.46 mm	13.22 mm	14.87 mm	1.78 mm	6.68 mm
Cash used (since last report)	17.54 mm	9.67 mm	36.90 mm	41.50 mm	4.97 mm	18.65 mm
Cash remaining	63.43 mm	71.31 mm	44.07 mm	39.47 mm	76.00 mm	62.32 mm
Runway (months of cash)	10.1	20.6	3.3	2.7	42.7	9.3

Beta Read what these cash burn values mean

Financial data from Alphatec earnings reports.

Institutional ownership, Q2 2024

ATEC institutional ownership history Ownership history

89.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	218	197	+10.7%
Opened positions	59	66	-10.6%
Closed positions	38	33	+15.2%
Increased positions	77	55	+40.0%
Reduced positions	51	43	+18.6%

13F shares	Current	Prev Q	Change
Total value	922.20 bn	823.72 bn	+12.0%
Total shares	122.29 mm	92.64 mm	+32.0%
Total puts	221.40 k	73.20 k	+202.5%
Total calls	287.90 k	516.30 k	-44.2%
Total put/call ratio	0.8	0.1	+442.4%

Largest owners	Shares	Value	Change
Squadron Capital	11.54 mm	$144.53 mm	0.0%
L-5 Healthcare Partners	11.08 mm	$172.93 mm	0.0%
BLK BlackRock	8.29 mm	$86.66 bn	+9.0%
Gen IV Investment Opportunities	6.42 mm	$71.51 mm	+12.3%
Vanguard	5.76 mm	$60.15 bn	+5.4%
First Light Asset Management	5.33 mm	$55.68 bn	NEW
American Century Companies	4.04 mm	$42.23 bn	-3.0%
JPM JPMorgan Chase & Co.	3.44 mm	$35.96 bn	+9.8%
Millennium Management	3.40 mm	$35.51 bn	NEW
Point72 Asset Management	3.19 mm	$33.36 bn	NEW

Largest transactions	Shares	Bought/sold	Change
First Light Asset Management	5.33 mm	+5.33 mm	NEW
Millennium Management	3.40 mm	+3.40 mm	NEW
Point72 Asset Management	3.19 mm	+3.19 mm	NEW
BAC Bank of America	2.73 mm	+2.73 mm	NEW
Fred Alger Management	2.64 mm	+2.64 mm	NEW
Braidwell	2.19 mm	+2.19 mm	NEW
Driehaus Capital Management	456.84 k	-2.18 mm	-82.7%
Penn Capital Management	1.35 mm	+1.35 mm	NEW
Elequin Capital	0.00	-1.33 mm	EXIT
Alyeska Investment	1.33 mm	+1.33 mm	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

ATEC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
18 Dec 24	David M Demski	Common Stock	Grant	Acquire A	No	No	0	126,051	0.00	414,492
11 Dec 24	David Sponsel	Common Stock	Sell	Dispose S	No	Yes	9.69	62,018	600.95 k	560,832
10 Dec 24	Hunsaker Craig E	Common Stock	Payment of exercise	Dispose F	No	No	9.65	23,157	223.47 k	1,276,206
10 Dec 24	Hunsaker Craig E	Common Stock	Option exercise	Acquire M	No	No	1.68	72,752	122.22 k	1,299,363
10 Dec 24	Hunsaker Craig E	Common Stock	Option exercise	Acquire M	No	No	1.93	1,866	3.60 k	1,226,611
10 Dec 24	Hunsaker Craig E	Common Stock	Option exercise	Acquire M	No	No	2.69	36,301	97.65 k	1,224,745
10 Dec 24	Hunsaker Craig E	Employee Stock Option Common Stock	Option exercise	Dispose M	No	No	2.69	36,301	97.65 k	78,249
10 Dec 24	Hunsaker Craig E	Employee Stock Option Common Stock	Option exercise	Dispose M	No	No	1.68	72,752	122.22 k	120,208
10 Dec 24	Hunsaker Craig E	Employee Stock Option Common Stock	Option exercise	Dispose M	No	No	1.93	1,866	3.60 k	31,701
21 Nov 24	Blackford Quentin S.	Common Stock	Gift	Dispose G	No	No	0	15,114	0.00	574,238