AlTi Global, Inc. (NASDAQ:ALTI) Insider Patrick T. Keenan Sells 4,562 Shares

AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) insider Patrick T. Keenan sold 4,562 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $3.47, for a total value of $15,830.14. Following the completion of the sale, the insider owned 6,613 shares of the company's stock, valued at approximately $22,947.11. This trade represents a 40.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

AlTi Global Stock Performance

Shares of ALTI stock remained flat at $4.38 on Friday. 57,251 shares of the stock traded hands, compared to its average volume of 156,632. The company's 50-day moving average is $3.91 and its 200 day moving average is $3.59. The company has a market cap of $623.01 million, a PE ratio of -2.65 and a beta of 0.80. AlTi Global, Inc. has a 52 week low of $2.33 and a 52 week high of $5.16.

Wall Street Analysts Forecast Growth

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

Institutional Trading of AlTi Global

A number of large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new position in shares of AlTi Global in the fourth quarter valued at approximately $25,000. AQR Capital Management LLC purchased a new position in shares of AlTi Global during the first quarter worth about $42,000. Dimensional Fund Advisors LP purchased a new position in shares of AlTi Global during the fourth quarter worth about $44,000. Invesco Ltd. purchased a new position in shares of AlTi Global during the fourth quarter worth about $46,000. Finally, Intech Investment Management LLC purchased a new position in shares of AlTi Global during the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 3.57% of the company's stock.

About AlTi Global

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.