AGI (NYSE:AGBK) CTO Vinicius Birkeland Aloe Sells 256,386 Shares of Stock

AGI Inc (NYSE:AGBK) CTO Vinicius Birkeland Aloe sold 256,386 shares of the company’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $11.99, for a total value of $3,074,068.14. Following the transaction, the chief technology officer owned 176,423 shares of the company’s stock, valued at approximately $2,115,311.77. The trade was a 59.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vinicius Birkeland Aloe also recently made the following trade(s):

• On Monday, August 31st, Vinicius Birkeland Aloe sold 406 shares of AGI stock. The shares were sold at an average price of $5.96, for a total value of $2,419.76.

AGI Stock Performance

Shares of AGBK opened at $6.75 on Thursday. The company’s fifty day moving average price is $6.70. The firm has a market capitalization of $1.08 billion and a P/E ratio of 11.43. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.31. AGI Inc has a 1 year low of $5.91 and a 1 year high of $12.21.

Wall Street Analysts Forecast Growth

Several research firms have commented on AGBK. Oppenheimer decreased their target price on shares of AGI from $10.00 to $9.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Susquehanna set a $14.00 price objective on AGI in a research report on Friday, May 8th. Weiss Ratings restated a “sell (d)” rating on shares of AGI in a research report on Friday, August 7th. Itau BBA Securities downgraded AGI from an “outperform” rating to a “market perform” rating and set a $9.00 target price on the stock. in a research note on Wednesday, May 6th. Finally, Zacks Research cut AGI from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.14.

About AGI

Our mission is to revolutionize financial services for the largest and fastest growing segment of Brazil’s population: individuals who have been underserved by incumbent banks and have not been effectively reached by digital-only banks. We seek to make credit and banking solutions more accessible and affordable for the Brazilian consumers who we believe need it the most, including social security beneficiaries and private and public sector workers. We have designed a unique value proposition for this population, who may be older, have a lower income, be less tech-savvy or have less access to education.