Shares of AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) shot up 16.8% on Tuesday . The company traded as high as $4.13 and last traded at $4.79. 44,577 shares were traded during trading, a decline of 65% from the average session volume of 127,599 shares. The stock had previously closed at $4.10.
Analysts Set New Price Targets
Separately, Wall Street Zen raised AlTi Global from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 22nd.
Read Our Latest Report on ALTI
AlTi Global Stock Down 0.7%
The stock has a market capitalization of $648.61 million, a PE ratio of -2.76 and a beta of 0.80. The firm has a 50 day moving average price of $4.11 and a 200 day moving average price of $3.60.
Insider Buying and Selling
In other news, COO Kevin P. Moran sold 28,509 shares of the 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 directly 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 document filed with the SEC, which is available through this hyperlink. Also, insider Colleen A. Graham sold 22,934 shares of the 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 $79,580.98. Following the completion of the sale, the insider directly owned 41,960 shares of the company's stock, valued at approximately $145,601.20. This trade represents a 35.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,666 shares of company stock valued at $415,241. 10.49% of the stock is owned by company insiders.
Institutional Trading of AlTi Global
Several institutional investors and hedge funds have recently modified their holdings of the stock. BOKF NA bought a new position in shares of AlTi Global in the fourth quarter valued at approximately $2,407,000. Geode Capital Management LLC grew 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 valued at $5,390,000 after acquiring an additional 170,951 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of AlTi Global by 198.8% in the fourth quarter. JPMorgan Chase & Co. now owns 80,939 shares of the basic materials company's stock valued at $357,000 after acquiring an additional 53,847 shares in the last quarter. Nuveen LLC bought a new position in shares of AlTi Global in the first quarter valued at approximately $158,000. Finally, 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 acquiring an additional 27,455 shares in the last quarter. 3.57% of the stock is owned by hedge funds and other institutional investors.
About AlTi Global
(
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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