AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report)'s stock price was up 16.8% during mid-day trading on Tuesday . The stock traded as high as $4.13 and last traded at $4.79. Approximately 44,577 shares were traded during trading, a decline of 65% from the average daily volume of 127,599 shares. The stock had previously closed at $4.10.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised AlTi Global from a "strong sell" rating to a "hold" rating in a report on Thursday, May 22nd.
Get Our Latest Stock Report on AlTi Global
AlTi Global Price Performance
The stock has a 50 day moving average of $4.09 and a 200 day moving average of $3.60. The firm has a market cap of $650.75 million, a P/E ratio of -2.77 and a beta of 0.80.
Insider Transactions at AlTi Global
In other AlTi Global news, COO Kevin P. Moran sold 28,509 shares of the company'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 value of $98,926.23. Following the completion of the sale, the chief operating officer owned 60,311 shares of the company's stock, valued at $209,279.17. This represents a 32.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brooke Connell sold 21,462 shares of AlTi Global 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 directly owned 216,389 shares in the company, valued at $750,869.83. This trade represents a 9.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 119,666 shares of company stock valued at $415,241 over the last 90 days. Company insiders own 10.49% of the company's stock.
Institutional Trading of AlTi Global
Several institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in shares of AlTi Global by 15.2% in the second quarter. Geode Capital Management LLC now owns 1,298,545 shares of the basic materials company's stock worth $5,390,000 after buying an additional 170,951 shares during the period. AQR Capital Management LLC purchased a new position in AlTi Global in the 1st quarter worth approximately $42,000. Flputnam Investment Management Co. bought a new stake in AlTi Global in the first quarter valued at approximately $76,000. Nuveen LLC purchased a new stake in shares of AlTi Global during the first quarter valued at approximately $158,000. Finally, Invesco Ltd. boosted its stake in shares of AlTi Global by 262.9% during 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 during the period. 3.57% of the stock is currently owned by hedge funds and other 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.
Featured Articles
Before you consider AlTi Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AlTi Global wasn't on the list.
While AlTi Global currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.