Shares of AlTi Global, Inc. (NASDAQ:ALTI – Get Free Report) rose 10.1% during trading on Friday . The company traded as high as $4.62 and last traded at $4.58. Approximately 55,740 shares traded hands during trading, a decline of 61% from the average daily volume of 141,635 shares. The stock had previously closed at $4.16.
AlTi Global Price Performance
The stock has a market capitalization of $556.84 million, a P/E ratio of -2.48 and a beta of 0.71. The business’s 50 day simple moving average is $4.60 and its two-hundred day simple moving average is $5.02. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.23.
Insider Buying and Selling
In other AlTi Global news, COO Kevin P. Moran sold 137,500 shares of AlTi Global stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $4.00, for a total transaction of $550,000.00. Following the completion of the transaction, the chief operating officer now owns 27,637 shares in the company, valued at approximately $110,548. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other AlTi Global news, COO Kevin P. Moran sold 137,500 shares of AlTi Global stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $4.00, for a total transaction of $550,000.00. Following the transaction, the chief operating officer now directly owns 27,637 shares of the company’s stock, valued at approximately $110,548. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Tiedemann bought 47,373 shares of the stock in a transaction dated Monday, June 3rd. The stock was purchased at an average price of $4.86 per share, with a total value of $230,232.78. Following the acquisition, the chief executive officer now owns 499,887 shares of the company’s stock, valued at $2,429,450.82. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 150,116 shares of company stock worth $671,005 and have sold 183,421 shares worth $764,501. 22.14% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On AlTi Global
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.
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