AlTi Global (NASDAQ:ALTI) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Shares of AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) 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 trading hands.

Analyst Upgrades and Downgrades

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

AlTi Global Price Performance

The firm has a fifty day moving average of $3.68 and a 200 day moving average of $3.59. The stock has a market capitalization of $580.34 million, a price-to-earnings ratio of -2.47 and a beta of 0.80.

Insider Activity

In other news, insider Brooke Connell sold 21,462 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $3.47, for a total transaction of $74,473.14. Following the transaction, the insider owned 216,389 shares in the company, valued at $750,869.83. This trade represents a 9.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Tiedemann sold 42,199 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $3.47, for a total transaction of $146,430.53. Following the completion of the sale, the chief executive officer directly owned 541,143 shares of the company's stock, valued at approximately $1,877,766.21. The trade was a 7.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 115,104 shares of company stock worth $399,411 in the last ninety days. Corporate insiders own 10.49% of the company's stock.

Institutional Trading of AlTi Global

Institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets purchased a new position in AlTi Global in the 4th quarter valued at about $25,000. AQR Capital Management LLC purchased a new stake in shares of AlTi Global during the first quarter worth approximately $42,000. Dimensional Fund Advisors LP purchased a new position in AlTi Global in the 4th quarter valued at $44,000. Intech Investment Management LLC purchased a new stake in shares of AlTi Global during the fourth quarter worth $46,000. Finally, Invesco Ltd. purchased a new position in shares of AlTi Global in the fourth quarter worth about $46,000. Institutional investors and hedge funds own 3.57% of the company's stock.

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.