AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.59 and traded as high as $4.18. AlTi Global shares last traded at $4.03, with a volume of 103,901 shares trading hands.
Analysts Set New Price Targets
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.
Check Out Our Latest Stock Analysis on ALTI
AlTi Global Stock Up 0.2%
The business has a 50 day moving average price of $3.61 and a two-hundred day moving average price of $3.59. The stock has a market cap of $588.87 million, a P/E ratio of -2.51 and a beta of 0.80.
Insiders Place Their Bets
In other AlTi Global news, COO Kevin P. Moran sold 28,509 shares of AlTi Global stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $3.47, for a total value of $98,926.23. Following the sale, the chief operating officer directly owned 60,311 shares in the company, valued at approximately $209,279.17. The trade was a 32.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 115,104 shares of company stock valued at $399,411. 10.49% of the stock is owned by company insiders.
Institutional Investors Weigh In On AlTi Global
Large investors have recently made changes to their positions in the company. AQR Capital Management LLC bought a new position in AlTi Global during the first quarter valued at approximately $42,000. Flputnam Investment Management Co. purchased a new stake in shares of AlTi Global during the 1st quarter worth approximately $76,000. Nuveen LLC bought a new position in shares of AlTi Global during the 1st quarter valued at approximately $158,000. Invesco Ltd. grew its holdings in shares of AlTi Global by 262.9% in the first quarter. Invesco Ltd. now owns 37,900 shares of the basic materials company's stock valued at $115,000 after purchasing an additional 27,455 shares in the last quarter. Finally, BOKF NA purchased a new position in shares of AlTi Global in the fourth quarter valued at $2,407,000. 3.57% of the stock is owned by institutional investors.
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.
Further Reading
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