AlTi Global, Inc. (NASDAQ:ALTI) Insider Sells $27,345.06 in Stock

AlTi Global, Inc. (NASDAQ:ALTI) insider Spiros Maliagros sold 5,769 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $4.74, for a total value of $27,345.06. Following the sale, the insider now owns 479,478 shares of the company’s stock, valued at $2,272,725.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Spiros Maliagros also recently made the following trade(s):

• On Wednesday, May 29th, Spiros Maliagros sold 14,134 shares of AlTi Global stock. The shares were sold at an average price of $5.04, for a total value of $71,235.36.

AlTi Global Price Performance

ALTI opened at $4.76 on Friday. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.23. AlTi Global, Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $9.22. The business has a 50-day moving average of $4.79 and a 200-day moving average of $5.71.

AlTi Global (NASDAQ:ALTI) last released its quarterly earnings data on Friday, May 10th. The basic materials company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The firm had revenue of $50.81 million during the quarter, compared to analyst estimates of $61.50 million. AlTi Global had a positive return on equity of 7.45% and a negative net margin of 29.75%. Equities research analysts anticipate that AlTi Global, Inc. will post -0.02 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ALTI. Vanguard Group Inc. lifted its stake in shares of AlTi Global by 213.4% in the 1st quarter. Vanguard Group Inc. now owns 1,593,772 shares of the basic materials company’s stock valued at $9,021,000 after purchasing an additional 1,085,308 shares during the last quarter. Caprock Group LLC raised its holdings in AlTi Global by 11.3% during the first quarter. Caprock Group LLC now owns 38,928 shares of the basic materials company’s stock valued at $220,000 after buying an additional 3,950 shares in the last quarter. Finally, Swiss National Bank raised its holdings in AlTi Global by 9.4% during the fourth quarter. Swiss National Bank now owns 55,867 shares of the basic materials company’s stock valued at $489,000 after buying an additional 4,800 shares in the last quarter. Institutional investors and hedge funds 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.