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 AlTi Global stock in a transaction on Tuesday, June 3rd. The shares were 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 directly owns 60,311 shares of the company's stock, valued at $209,279.17. The trade was a 32.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

AlTi Global Price Performance

Shares of NASDAQ:ALTI traded down $0.01 during trading on Friday, hitting $3.64. 235,928 shares of the stock were exchanged, compared to its average volume of 145,903. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.17. AlTi Global, Inc. has a 12-month low of $2.33 and a 12-month 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 fifty day moving average price of $3.25 and a two-hundred day moving average price of $3.65.

AlTi Global (NASDAQ:ALTI - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The basic materials company reported ($0.63) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $53.33 million during the quarter, compared to analyst estimates of $74.60 million. During the same quarter last year, the firm posted ($0.88) earnings per share. On average, analysts forecast that AlTi Global, Inc. will post -0.14 EPS for the current year.

Institutional Trading of AlTi Global

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

Wall Street Analyst Weigh In

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

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.