AlTi Global (NASDAQ:ALTI) Share Price Crosses Above 200-Day Moving Average – What’s Next?

AlTi Global, Inc. (NASDAQ:ALTI) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.41 and traded as high as $4.75. AlTi Global shares last traded at $4.51, with a volume of 154,049 shares trading hands.

AlTi Global Stock Down 0.9 %

The company’s 50-day simple moving average is $4.08 and its two-hundred day simple moving average is $4.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.05 and a quick ratio of 1.57. The firm has a market capitalization of $613.84 million, a P/E ratio of -2.53 and a beta of 0.65.

Insiders Place Their Bets

In other news, COO Kevin P. Moran sold 137,500 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $4.00, for a total value of $550,000.00. Following the transaction, the chief operating officer now owns 27,637 shares of the company’s stock, valued at approximately $110,548. The trade was a 83.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 trade was a 1.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 161,935 shares of company stock worth $652,349 over the last quarter. 22.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AlTi Global

Several large investors have recently bought and sold shares of ALTI. AlTi Global Inc. boosted its stake in AlTi Global by 1.5% during the second quarter. AlTi Global Inc. now owns 772,186 shares of the basic materials company’s stock worth $4,023,000 after buying an additional 11,216 shares during the period. MetLife Investment Management LLC lifted its stake in AlTi Global by 129.1% in the third quarter. MetLife Investment Management LLC now owns 21,002 shares of the basic materials company’s stock worth $79,000 after purchasing an additional 11,834 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in AlTi Global during the 2nd quarter valued at $76,000. SG Americas Securities LLC bought a new position in AlTi Global in the 3rd quarter valued at $63,000. Finally, Rhumbline Advisers increased its stake in AlTi Global by 109.2% in the second 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. Institutional investors own 3.57% of the company’s stock.

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.