Shares of AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded AlTi Global from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 22nd.
Read Our Latest Research Report on ALTI
AlTi Global Stock Performance
The stock has a market capitalization of $625.86 million, a PE ratio of -2.67 and a beta of 0.80. The stock's 50-day moving average price is $3.81 and its two-hundred day moving average price is $3.57.
Insider Buying and Selling
In other AlTi Global news, CEO Michael Tiedemann sold 42,199 shares of the company'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 transaction, the chief executive officer directly owned 541,143 shares of the company's stock, valued at $1,877,766.21. This represents a 7.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brooke Connell sold 21,462 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $3.47, for a total transaction of $74,473.14. Following the completion of the transaction, the insider owned 216,389 shares in the company, valued at approximately $750,869.83. The trade was a 9.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 115,104 shares of company stock worth $399,411 in the last quarter. 10.49% of the stock is currently owned by insiders.
Hedge Funds Weigh In On AlTi Global
Several large investors have recently bought and sold shares of ALTI. BNP Paribas Financial Markets bought a new position in AlTi Global in the fourth quarter valued at about $25,000. Dimensional Fund Advisors LP purchased a new position in shares of AlTi Global during the 4th quarter valued at about $44,000. Intech Investment Management LLC bought a new position in AlTi Global during the 4th quarter worth approximately $46,000. Invesco Ltd. bought a new stake in shares of AlTi Global in the 4th quarter worth approximately $46,000. Finally, AQR Capital Management LLC purchased a new position in shares of AlTi Global in the 1st quarter valued at approximately $42,000. 3.57% of the stock is currently owned by institutional investors and hedge funds.
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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