AlTi Global, Inc. (NASDAQ:ALTI) CEO Sells $146,430.53 in Stock

AlTi Global, Inc. (NASDAQ:ALTI) CEO Michael Tiedemann sold 42,199 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 $146,430.53. Following the transaction, the chief executive officer now owns 541,143 shares of the company’s stock, valued at $1,877,766.21. The trade was a 7.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

AlTi Global Stock Performance

Shares of ALTI stock opened at $3.64 on Friday. The firm’s 50 day moving average is $3.25 and its 200 day moving average is $3.65. The stock has a market capitalization of $517.75 million, a P/E ratio of -2.08 and a beta of 0.72. AlTi Global, Inc. has a 12 month low of $2.33 and a 12 month high of $5.45. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.17.

AlTi Global (NASDAQ:ALTI) last posted its earnings results on Thursday, March 13th. The basic materials company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.65). The company had revenue of $53.33 million for the quarter, compared to analysts’ expectations of $74.60 million. AlTi Global had a positive return on equity of 2.31% and a negative net margin of 41.51%. During the same quarter in the prior year, the company earned ($0.88) EPS. On average, sell-side analysts anticipate that AlTi Global, Inc. will post -0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On AlTi Global

Institutional investors have recently made changes to their positions in the stock. Allianz SE purchased a new stake in shares of AlTi Global during the fourth quarter worth $85,581,000. Charles Schwab Investment Management Inc. lifted its position in shares of AlTi Global by 8.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 467,415 shares of the basic materials company’s stock worth $2,061,000 after acquiring an additional 34,798 shares in the last quarter. Barclays PLC lifted its position in shares of AlTi Global by 16.7% during the fourth quarter. Barclays PLC now owns 51,874 shares of the basic materials company’s stock worth $229,000 after acquiring an additional 7,417 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of AlTi Global during the fourth quarter worth $46,000. Finally, Intech Investment Management LLC purchased a new stake in shares of AlTi Global during the fourth quarter worth $46,000. Hedge funds and other 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.