AlTi Global (NASDAQ:ALTI) Stock Crosses Above 200-Day Moving Average - Here's What Happened

AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) 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 traded.

AlTi Global Stock Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market cap of $619.45 million, a P/E ratio of -2.58 and a beta of 0.65. The firm's 50 day moving average is $4.06 and its 200 day moving average is $4.41.

Insider Buying and Selling

In other AlTi Global news, COO Kevin P. Moran sold 137,500 shares of the company's stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $4.00, for a total transaction of $550,000.00. Following the transaction, the chief operating officer now owns 27,637 shares in the company, valued at approximately $110,548. This represents a 83.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Spiros Maliagros sold 5,769 shares of the company'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 completion of the sale, the insider now directly owns 405,167 shares in the company, valued at $1,811,096.49. This trade represents a 1.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 164,399 shares of company stock worth $662,377 in the last 90 days. 22.14% of the stock is owned by corporate insiders.

Institutional Trading of AlTi Global

Several large investors have recently made changes to their positions in ALTI. SG Americas Securities LLC purchased a new stake in shares of AlTi Global in the 3rd quarter valued at $63,000. The Manufacturers Life Insurance Company purchased a new stake in shares of AlTi Global in the 2nd quarter valued at $76,000. MetLife Investment Management LLC boosted its holdings in AlTi Global by 129.1% during the third quarter. MetLife Investment Management LLC now owns 21,002 shares of the basic materials company's stock worth $79,000 after buying an additional 11,834 shares in the last quarter. CV Advisors LLC purchased a new stake in AlTi Global during the third quarter worth $85,000. Finally, Rhumbline Advisers boosted its holdings in AlTi Global by 109.2% during the second quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company's stock worth $195,000 after buying an additional 19,547 shares in the last quarter. 3.57% of the stock is owned by hedge funds and other 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.