AlTi Global, Inc. (NASDAQ:ALTI) Insider Brooke Connell Sells 21,462 Shares

AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) insider Brooke Connell sold 21,462 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $3.47, for a total value of $74,473.14. Following the completion of the transaction, the insider now directly owns 216,389 shares of the company's stock, valued at approximately $750,869.83. This trade represents a 9.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

AlTi Global Stock Down 0.3%

NASDAQ ALTI traded down $0.01 on Friday, reaching $3.64. The company had a trading volume of 235,928 shares, compared to its average volume of 145,903. AlTi Global, Inc. has a 52-week low of $2.33 and a 52-week high of $5.45. The stock has a market capitalization of $517.75 million, a P/E ratio of -2.08 and a beta of 0.72. The company's fifty day moving average is $3.25 and its 200 day moving average is $3.65. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.17.

AlTi Global (NASDAQ:ALTI - Get Free Report) last released 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). The business had revenue of $53.33 million during the quarter, compared to analysts' expectations 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 period in the previous year, the business earned ($0.88) EPS. Sell-side analysts anticipate that AlTi Global, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On AlTi Global

A number of large investors have recently made changes to their positions in ALTI. Allianz SE purchased a new position in AlTi Global during the fourth quarter valued at $85,581,000. BOKF NA purchased a new stake in shares of AlTi Global during the fourth quarter worth about $2,407,000. JPMorgan Chase & Co. grew 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 worth $357,000 after purchasing an additional 53,847 shares in the last quarter. Nuveen LLC purchased a new position in AlTi Global during the 1st quarter valued at approximately $158,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of 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 valued at $2,061,000 after purchasing an additional 34,798 shares during the last quarter. 3.57% of the stock is currently 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.