Atlantic Genpar L.P. General Acquires 1,304,347 Shares of Liftoff Mobile (NASDAQ:LFTO) Stock

Liftoff Mobile, Inc. (NASDAQ:LFTO) Director Atlantic Genpar L.P. General acquired 1,304,347 shares of the company’s stock in a transaction on Friday, June 5th. The stock was acquired at an average cost of $23.00 per share, with a total value of $29,999,981.00. Following the completion of the purchase, the director directly owned 25,315,646 shares in the company, valued at approximately $582,259,858. This represents a 5.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Liftoff Mobile Trading Down 4.6%

NASDAQ:LFTO traded down $1.24 during mid-day trading on Tuesday, hitting $25.77. 1,356,042 shares of the stock traded hands, compared to its average volume of 1,898,409. Liftoff Mobile, Inc. has a 52 week low of $24.50 and a 52 week high of $30.10.

Analyst Ratings Changes

LFTO has been the subject of a number of analyst reports. Weiss Ratings began coverage on Liftoff Mobile in a report on Thursday, June 4th. They set a “sell (e)” rating for the company. Wall Street Zen upgraded shares of Liftoff Mobile to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.