AlTi Global, Inc. (NASDAQ:ALTI) COO Kevin P. Moran Sells 28,509 Shares

AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) COO Kevin P. Moran sold 28,509 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $3.47, for a total value of $98,926.23. Following the completion of the sale, the chief operating officer now owns 60,311 shares of the company's stock, valued at approximately $209,279.17. This trade represents a 32.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

AlTi Global Stock Performance

NASDAQ ALTI traded down $0.01 during trading on Friday, hitting $3.64. The company's stock had a trading volume of 235,928 shares, compared to its average volume of 145,548. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average price of $3.24 and a 200 day moving average price of $3.66. The firm has a market cap of $517.75 million, a P/E ratio of -2.08 and a beta of 0.72. AlTi Global, Inc. has a 52 week low of $2.33 and a 52 week high of $5.45.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ALTI. Bank of New York Mellon Corp increased its position in AlTi Global by 5.7% in the 4th quarter. Bank of New York Mellon Corp now owns 81,965 shares of the basic materials company's stock worth $361,000 after buying an additional 4,411 shares during the period. Charles Schwab Investment Management Inc. increased its position in AlTi Global by 8.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 467,415 shares of the basic materials company's stock worth $2,061,000 after buying an additional 34,798 shares during the period. Granite FO LLC increased its position in shares of AlTi Global by 216.6% during the fourth quarter. Granite FO LLC now owns 15,830 shares of the basic materials company's stock valued at $70,000 after purchasing an additional 10,830 shares during the period. Intech Investment Management LLC bought a new stake in shares of AlTi Global during the fourth quarter valued at approximately $46,000. Finally, JPMorgan Chase & Co. increased its position in shares of AlTi Global by 198.8% during the fourth quarter. JPMorgan Chase & Co. now owns 80,939 shares of the basic materials company's stock valued at $357,000 after purchasing an additional 53,847 shares during the period. 3.57% of the stock is owned by institutional investors.

AlTi Global Company Profile

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.