Altimmune (ALT)

Healthcare · Biotechnology
$2.61 +0.38% on the day Market cap $471M 52-week range $2.55 to $6.44 Prices as of Oct 11, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Altimmune's free cash flow was negative in fiscal 2025, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

C

Five factors scored 1 to 9 from ALT's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation6
Profitability0
Growth9
Financial health9
Cash efficiency0

Results from SEC filings

Fiscal years, from Altimmune's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.

Fiscal year20212022202320242025
Revenue$4M-$68,000$426,000$20,000$41,000
Net income-$97M-$85M-$88M-$95M-$88M
Free cash flow-$90M-$63M-$76M—-$68M
EPS (diluted)-$2.35-$1.81-$1.66-$1.34-$1.00
Operating margin-2197.4%129029.4%-22518.5%-515860.0%-230461.0%

Where the revenue comes from

Revenue by products, fiscal 2018. Every breakdown, year by year.

Research Grants and Contracts$10M100%
License Revenue$19,7800%

Superinvestors who own ALT

From each investor's latest 13F filing (what a 13F shows). 2 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Andreas Halvorsen
Viking Global Investors
New position $20M0.06%Q2 2026
Cliff Asness
AQR Capital Management
Added $4M0.00%Q2 2026

Insider buying

Open-market purchases by Altimmune's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you. Every purchase since records began.

DateInsiderSharesPriceValue
Mar 6, 2026 Gregory L Weaver
5,000$3.54$17,700
Mar 6, 2026 Jerome Benedict Durso
20,000$3.54$70,800
Jan 8, 2026 Wayne Pisano
5,000$4.08$20,400
Dec 29, 2025 Diane Jorkasky
527$3.80$2,003
Dec 23, 2025 John Gill
12,500$4.10$51,250
Dec 22, 2025 Jerome Benedict Durso
12,500$4.13$51,625

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Altimmune insiders buying the stock?

6 open-market insider purchases of ALT in the last 12 months, from SEC Form 4 filings.

Which superinvestors own Altimmune?

2 of the superinvestors Investingly tracks hold ALT in their latest 13F, including Andreas Halvorsen, Cliff Asness.

Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.