AlTi Global, Inc. (NASDAQ:ALTI) CEO Michael Tiedemann Sells 42,199 Shares

AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) CEO Michael Tiedemann sold 42,199 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $3.47, for a total value of $146,430.53. Following the transaction, the chief executive officer now directly owns 541,143 shares of the company's stock, valued at $1,877,766.21. The trade was a 7.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

AlTi Global Price Performance

Shares of ALTI traded down $0.01 during mid-day trading on Friday, hitting $3.64. 235,928 shares of the stock were exchanged, compared to its average volume of 145,903. The firm has a 50-day moving average of $3.25 and a two-hundred day moving average of $3.65. AlTi Global, Inc. has a 52-week low of $2.33 and a 52-week high of $5.45. The company has a market cap of $517.75 million, a PE ratio of -2.08 and a beta of 0.72. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.05 and a current ratio of 4.05.

AlTi Global (NASDAQ:ALTI - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The basic materials company reported ($0.63) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.65). AlTi Global had a negative net margin of 41.51% and a positive return on equity of 2.31%. The company had revenue of $53.33 million for the quarter, compared to the consensus estimate of $74.60 million. During the same period in the previous year, the business earned ($0.88) EPS. On average, equities analysts predict that AlTi Global, Inc. will post -0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded AlTi Global from a "strong sell" rating to a "hold" rating in a report on Thursday, May 22nd.

Institutional Trading of AlTi Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets acquired a new position in AlTi Global during the 4th quarter worth $25,000. AQR Capital Management LLC purchased a new position in shares of AlTi Global during the 1st quarter worth $42,000. Dimensional Fund Advisors LP purchased a new position in shares of AlTi Global in the 4th quarter worth $44,000. Invesco Ltd. purchased a new stake in shares of AlTi Global during the fourth quarter valued at approximately $46,000. Finally, Intech Investment Management LLC acquired a new stake in shares of AlTi Global during the fourth quarter valued at about $46,000. 3.57% of the stock is owned by institutional investors and hedge funds.

About AlTi Global

AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States, the United Kingdom, and internationally. It operates through two segments, Wealth Management and Strategic Alternatives. The company offers discretionary investment management, non-discretionary investment advisory, and investment management and advisory services.