AlTi Global (NASDAQ:ALTI) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Shares of AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.58 and traded as high as $4.59. AlTi Global shares last traded at $4.52, with a volume of 146,082 shares trading 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.

AlTi Global Stock Performance

The stock has a market capitalization of $642.92 million, a P/E ratio of -2.74 and a beta of 0.80. The company's 50-day moving average price is $3.79 and its 200 day moving average price is $3.58.

Insider Activity

In other news, CEO Michael Tiedemann sold 42,199 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 $146,430.53. Following the completion of the sale, the chief executive officer owned 541,143 shares in the company, valued at approximately $1,877,766.21. The trade was a 7.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brooke Connell sold 21,462 shares of the business's 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 sale, 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 disclosure for this sale can be found here. Insiders sold a total of 115,104 shares of company stock valued at $399,411 in the last quarter. 10.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AlTi Global

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets acquired a new stake in AlTi Global during the fourth quarter worth about $25,000. Dimensional Fund Advisors LP purchased a new position in shares of AlTi Global in the fourth quarter valued at approximately $44,000. Intech Investment Management LLC purchased a new position in shares of AlTi Global in the fourth quarter valued at approximately $46,000. Invesco Ltd. purchased a new position in AlTi Global in the fourth quarter worth approximately $46,000. Finally, AQR Capital Management LLC purchased a new position in AlTi Global in the first quarter worth approximately $42,000. 3.57% of the stock is currently owned by institutional investors and hedge funds.

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.

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