AlTi Global (NASDAQ:ALTI) Share Price Passes Above 200 Day Moving Average - Here's What Happened

AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) shares 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.

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.

AlTi Global Trading Down 0.2%

The business has a fifty day moving average price of $3.71 and a 200-day moving average price of $3.59. The stock has a market capitalization of $578.92 million, a PE ratio of -2.47 and a beta of 0.80.

Insider Transactions at AlTi Global

In other news, insider Brooke Connell sold 21,462 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $3.47, for a total value of $74,473.14. Following the completion of the transaction, the insider directly owned 216,389 shares in the company, valued at approximately $750,869.83. This represents a 9.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Colleen A. Graham sold 22,934 shares of the company's 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 completion of the transaction, the insider owned 41,960 shares of the company's stock, valued at $145,601.20. The trade was a 35.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 115,104 shares of company stock valued at $399,411 over the last quarter. 10.49% of the stock is owned by company insiders.

Institutional Investors Weigh In On AlTi Global

Institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets bought a new position in AlTi Global during the 4th quarter valued at approximately $25,000. AQR Capital Management LLC bought a new position in AlTi Global during the 1st quarter valued at approximately $42,000. Dimensional Fund Advisors LP bought a new position in AlTi Global during the 4th quarter valued at approximately $44,000. Invesco Ltd. bought a new position in AlTi Global during the 4th quarter valued at approximately $46,000. Finally, Intech Investment Management LLC bought a new position in AlTi Global during the 4th quarter valued at approximately $46,000. 3.57% of the stock is currently owned by hedge funds and other 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.