AlTi Global (NASDAQ:ALTI) Stock Passes Above 200 Day Moving Average - Here's What Happened

AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.60 and traded as high as $4.19. AlTi Global shares last traded at $4.07, with a volume of 158,259 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of AlTi Global from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 22nd.

AlTi Global Trading Down 0.1%

The firm has a market capitalization of $578.20 million, a price-to-earnings ratio of -2.46 and a beta of 0.72. The business's fifty day moving average price is $3.48 and its 200 day moving average price is $3.60.

Insider Transactions at AlTi Global

In other AlTi Global news, insider Colleen A. Graham sold 22,934 shares of the stock in a transaction 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 sale, the insider now directly owns 41,960 shares of the company's stock, valued at $145,601.20. This trade represents a 35.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 value of $74,473.14. Following the transaction, the insider now owns 216,389 shares of the company's stock, valued at approximately $750,869.83. This represents a 9.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 115,104 shares of company stock valued at $399,411 in the last 90 days. 10.49% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. AQR Capital Management LLC acquired a new position in shares of AlTi Global in the 1st quarter valued at about $42,000. Flputnam Investment Management Co. acquired a new stake in AlTi Global in the 1st quarter worth approximately $76,000. Nuveen LLC bought a new position in AlTi Global in the 1st quarter worth $158,000. Invesco Ltd. grew its holdings in AlTi Global by 262.9% in the 1st quarter. Invesco Ltd. now owns 37,900 shares of the basic materials company's stock valued at $115,000 after buying an additional 27,455 shares during the last quarter. Finally, BOKF NA bought a new position in AlTi Global during the fourth quarter worth $2,407,000. Institutional investors own 3.57% of the company's stock.

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.