Insider Selling: AlTi Global, Inc. (NASDAQ:ALTI) Insider Sells $25,787.43 in Stock

Posted by Trevor Kearing on Sep 21st, 2024

AlTi Global, Inc. (NASDAQ:ALTI – Get Free Report) insider Spiros Maliagros sold 5,769 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $4.47, for a total transaction of $25,787.43. Following the transaction, the insider now directly owns 405,167 shares of the company’s stock, valued at $1,811,096.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

On Monday, September 9th, Spiros Maliagros sold 5,612 shares of AlTi Global stock. The shares were sold at an average price of $4.04, for a total transaction of $22,672.48.
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 shares were 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 shares were 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 shares were sold at an average price of $4.00, for a total transaction of $800.00.
On Tuesday, August 6th, Spiros Maliagros sold 2,000 shares of AlTi Global stock. The shares were sold at an average price of $4.03, for a total transaction of $8,060.00.
On Thursday, July 25th, Spiros Maliagros sold 1,800 shares of AlTi Global stock. The stock was sold at an average price of $5.01, for a total transaction 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 transaction 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 transaction of $8,895.00.

AlTi Global Trading Up 0.9 %

Shares of NASDAQ ALTI opened at $4.49 on Friday. The stock has a market capitalization of $538.84 million, a P/E ratio of -2.45 and a beta of 0.68. AlTi Global, Inc. has a 1-year low of $3.54 and a 1-year high of $9.22. The business’s 50 day moving average is $4.29 and its two-hundred day moving average is $4.78. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.57 and a quick ratio of 1.57.

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

Institutional Investors Weigh In On AlTi Global

Several hedge funds and other institutional investors have recently made changes to their positions in ALTI. Vanguard Group Inc. boosted its stake in shares of AlTi Global by 213.4% during the 1st quarter. Vanguard Group Inc. now owns 1,593,772 shares of the basic materials company’s stock worth $9,021,000 after purchasing an additional 1,085,308 shares during the period. Swiss National Bank lifted its stake in AlTi Global by 9.4% in the fourth 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 last quarter. Simon Quick Advisors LLC purchased a new position in shares of AlTi Global during the second quarter valued at approximately $214,000. The Manufacturers Life Insurance Company bought a new position in shares of AlTi Global during the second quarter valued at approximately $76,000. Finally, Rhumbline Advisers grew its stake in shares of AlTi Global by 109.2% during the second quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company’s stock valued at $195,000 after buying an additional 19,547 shares during the last quarter. Hedge funds and other institutional investors own 3.57% of the company’s stock.

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.