Insider Selling: AlTi Global, Inc. (NASDAQ:ALTI) Insider Sells 5,769 Shares of Stock

AlTi Global, Inc. (NASDAQ:ALTI) insider Spiros Maliagros sold 5,769 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were 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 in the company, valued at $2,272,725.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

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

AlTi Global Price Performance

Shares of ALTI stock traded down $0.04 during mid-day trading on Wednesday, reaching $4.76. The company’s stock had a trading volume of 19,077 shares, compared to its average volume of 145,047. The firm’s 50-day moving average is $4.80 and its two-hundred day moving average is $5.72. The company has a market cap of $571.25 million, a P/E ratio of -2.60 and a beta of 0.71. AlTi Global, Inc. has a 1-year low of $4.22 and a 1-year high of $9.22. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.33 and a current ratio of 2.33.

AlTi Global (NASDAQ:ALTI) last posted its earnings results on Friday, May 10th. The basic materials company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The business had revenue of $50.81 million during the quarter, compared to the consensus estimate of $61.50 million. AlTi Global had a negative net margin of 29.75% and a positive return on equity of 7.45%. On average, research analysts predict that AlTi Global, Inc. will post -0.02 earnings per share for the current year.

Institutional Investors Weigh In On AlTi Global

Several large investors have recently modified their holdings of the stock. Swiss National Bank boosted its stake in AlTi Global by 9.4% in the 4th 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. Vanguard Group Inc. raised its stake in AlTi Global by 213.4% during the first quarter. Vanguard Group Inc. now owns 1,593,772 shares of the basic materials company’s stock worth $9,021,000 after acquiring an additional 1,085,308 shares in the last quarter. Finally, Caprock Group LLC lifted its holdings in shares of 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 acquiring an additional 3,950 shares during the period. 3.57% of the stock is currently owned by institutional investors.

About AlTi Global

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.