Colleen A. Graham Sells 22,934 Shares of AlTi Global, Inc. (NASDAQ:ALTI) Stock

AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) insider Colleen A. Graham sold 22,934 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $3.47, for a total value of $79,580.98. Following the transaction, the insider now owns 41,960 shares of the company's stock, valued at approximately $145,601.20. The trade was a 35.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

AlTi Global Stock Down 0.3%

Shares of NASDAQ:ALTI traded down $0.01 during mid-day trading on Friday, reaching $3.64. 235,928 shares of the stock were exchanged, 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 stock's 50 day simple moving average is $3.24 and its 200-day simple moving average is $3.66. The company 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 one year low of $2.33 and a one year high of $5.45.

AlTi Global (NASDAQ:ALTI - Get Free Report) last posted its quarterly earnings results 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). The company had revenue of $53.33 million during the quarter, compared to the consensus estimate of $74.60 million. AlTi Global had a negative net margin of 41.51% and a positive return on equity of 2.31%. During the same quarter in the prior year, the business earned ($0.88) earnings per share. As a group, equities research analysts predict that AlTi Global, Inc. will post -0.14 EPS 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 Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ALTI. BNP Paribas Financial Markets bought a new position in AlTi Global in the fourth quarter valued at approximately $25,000. AQR Capital Management LLC bought a new position in AlTi Global in the first quarter valued at approximately $42,000. Dimensional Fund Advisors LP bought a new position in AlTi Global in the fourth quarter valued at approximately $44,000. Invesco Ltd. bought a new position in AlTi Global in the fourth quarter valued at approximately $46,000. Finally, Intech Investment Management LLC bought a new position in AlTi Global in the fourth quarter valued at approximately $46,000. 3.57% of the stock is currently owned by institutional investors.

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.