Insider Selling: AlTi Global, Inc. (NASDAQ:ALTI) Insider Sells 5,612 Shares of Stock

Posted by Chris Copeland on Sep 11th, 2024

AlTi Global, Inc. (NASDAQ:ALTI – Get Free Report) insider Spiros Maliagros sold 5,612 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $4.04, for a total value of $22,672.48. Following the sale, the insider now directly owns 416,862 shares in the company, valued at approximately $1,684,122.48. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

On Tuesday, August 27th, Spiros Maliagros sold 5,769 shares of AlTi Global stock. The stock was sold at an average price of $4.25, for a total value of $24,518.25.
On Tuesday, August 20th, Spiros Maliagros sold 5,769 shares of AlTi Global stock. The stock was sold at an average price of $4.04, for a total value of $23,306.76.
On Friday, August 16th, Spiros Maliagros sold 2,464 shares of AlTi Global stock. The stock was sold at an average price of $4.07, for a total value of $10,028.48.
On Tuesday, August 13th, Spiros Maliagros sold 468 shares of AlTi Global stock. The stock was sold at an average price of $4.00, for a total value of $1,872.00.
On Friday, August 9th, Spiros Maliagros sold 200 shares of AlTi Global stock. The stock was sold at an average price of $4.00, for a total value of $800.00.
On Tuesday, August 6th, Spiros Maliagros sold 2,000 shares of AlTi Global stock. The stock was sold at an average price of $4.03, for a total value of $8,060.00.
On Thursday, July 25th, Spiros Maliagros sold 1,800 shares of AlTi Global stock. The shares were sold at an average price of $5.01, for a total value of $9,018.00.
On Tuesday, July 23rd, Spiros Maliagros sold 5,769 shares of AlTi Global stock. The shares were sold at an average price of $4.86, for a total value of $28,037.34.
On Monday, July 15th, Spiros Maliagros sold 1,779 shares of AlTi Global stock. The shares were sold at an average price of $5.00, for a total value of $8,895.00.
On Tuesday, July 9th, Spiros Maliagros sold 5,769 shares of AlTi Global stock. The shares were sold at an average price of $4.49, for a total value of $25,902.81.

AlTi Global Trading Up 2.6 %

ALTI traded up $0.10 during trading on Wednesday, hitting $4.01. The company’s stock had a trading volume of 55,016 shares, compared to its average volume of 140,373. The firm’s 50 day moving average price is $4.35 and its 200-day moving average price is $4.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market cap of $481.23 million, a PE ratio of -2.14 and a beta of 0.68. AlTi Global, Inc. has a twelve month low of $3.54 and a twelve month high of $9.22.

AlTi Global (NASDAQ:ALTI – Get Free Report) last announced its quarterly earnings data on Friday, August 9th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.02). AlTi Global had a negative net margin of 50.54% and a positive return on equity of 7.36%. The company had revenue of $49.45 million for the quarter, compared to analysts’ expectations of $51.80 million. On average, analysts expect that AlTi Global, Inc. will post -0.02 earnings per share for the current year.

Institutional Trading of AlTi Global

Several institutional investors have recently made changes to their positions in ALTI. The Manufacturers Life Insurance Company purchased a new stake in AlTi Global during the 2nd quarter worth $76,000. Rhumbline Advisers boosted its position in AlTi Global by 109.2% during the 2nd quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company’s stock worth $195,000 after purchasing an additional 19,547 shares during the period. Simon Quick Advisors LLC purchased a new stake in AlTi Global during the 2nd quarter worth $214,000. Caprock Group LLC boosted its position in AlTi Global by 11.3% during the 1st quarter. Caprock Group LLC now owns 38,928 shares of the basic materials company’s stock worth $220,000 after purchasing an additional 3,950 shares during the period. Finally, Swiss National Bank boosted its position in AlTi Global by 9.4% during the 4th quarter. Swiss National Bank now owns 55,867 shares of the basic materials company’s stock worth $489,000 after purchasing an additional 4,800 shares during the period. 3.57% of the stock is owned by hedge funds and other institutional investors.

AlTi Global Company Profile

(Get Free Report)

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.