AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.59 and traded as high as $4.13. AlTi Global shares last traded at $4.11, with a volume of 64,765 shares changing hands.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of AlTi Global from a "strong sell" rating to a "hold" rating in a report on Thursday, May 22nd.
Read Our Latest Analysis on AlTi Global
AlTi Global Stock Down 0.2%
The firm has a market cap of $578.91 million, a P/E ratio of -2.47 and a beta of 0.80. The firm's fifty day moving average is $3.71 and its two-hundred day moving average is $3.58.
Insider Activity at AlTi Global
In other news, insider Colleen A. Graham sold 22,934 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $3.47, for a total transaction of $79,580.98. Following the sale, the insider owned 41,960 shares in the company, valued at approximately $145,601.20. The trade was a 35.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brooke Connell sold 21,462 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $3.47, for a total transaction of $74,473.14. Following the sale, the insider owned 216,389 shares in the company, valued at approximately $750,869.83. This trade represents a 9.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 115,104 shares of company stock worth $399,411. 10.49% of the stock is currently owned by insiders.
Institutional Trading of AlTi Global
A number of hedge funds have recently modified their holdings of ALTI. BNP Paribas Financial Markets bought a new stake in shares of AlTi Global during the 4th quarter valued at $25,000. AQR Capital Management LLC bought a new stake in shares of AlTi Global during the 1st quarter valued at $42,000. Dimensional Fund Advisors LP bought a new stake in shares of AlTi Global during the 4th quarter valued at $44,000. Invesco Ltd. bought a new stake in shares of AlTi Global during the 4th quarter valued at $46,000. Finally, Intech Investment Management LLC bought a new stake in shares of AlTi Global during the 4th quarter valued at $46,000. Institutional investors own 3.57% of the company's stock.
AlTi Global Company Profile
(
Get Free Report)
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.
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