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

AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) insider Patrick T. Keenan sold 4,562 shares of the company's stock in a transaction 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 in the company, valued at $22,947.11. This represents a 40.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

AlTi Global Trading Down 0.2%

Shares of ALTI traded down $0.01 during midday trading on Thursday, reaching $4.38. 69,687 shares of the company were exchanged, compared to its average volume of 159,898. The company has a market cap of $623.01 million, a price-to-earnings ratio of -2.65 and a beta of 0.80. AlTi Global, Inc. has a 1-year low of $2.33 and a 1-year high of $5.16. The stock has a 50-day moving average price of $3.87 and a 200-day moving average price of $3.58.

Wall Street Analysts Forecast Growth

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

Institutional Trading of AlTi Global

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Allianz SE bought a new stake in shares of AlTi Global during the fourth quarter valued at about $85,581,000. Geode Capital Management LLC raised its holdings in AlTi Global by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,095,057 shares of the basic materials company's stock worth $4,831,000 after purchasing an additional 14,868 shares in the last quarter. BOKF NA acquired a new stake in AlTi Global in the fourth quarter worth approximately $2,407,000. Charles Schwab Investment Management Inc. increased its position in shares of AlTi Global by 8.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 467,415 shares of the basic materials company's stock valued at $2,061,000 after purchasing an additional 34,798 shares during the period. Finally, Northern Trust Corp raised its stake in shares of AlTi Global by 2.5% in the 4th quarter. Northern Trust Corp now owns 336,209 shares of the basic materials company's stock worth $1,483,000 after buying an additional 8,113 shares in the last quarter. 3.57% of the stock is owned by institutional investors.

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.