AlTi Global, Inc. (NASDAQ:ALTI) reported a recent transaction involving its President and Chief Operating Officer, Moran Kevin P., who sold 591 shares of the company's Class A Common Stock. The transaction, dated May 14, 2024, was executed at a price of $4.70 per share, totaling approximately $2,777.
The sale was disclosed in a regulatory filing with the Securities and Exchange Commission (SEC). Following the transaction, Moran Kevin P. holds a total of 175,184.2 shares in the company. The sale represents a minor adjustment to the executive's holdings, indicating a cash-out of a small portion of his investment in the company.
Investors often monitor insider transactions as they can provide insights into an executive’s perspective on the company's current valuation and future prospects. While the reasons for such transactions can vary and are not explicitly stated, they are a regular part of executive compensation and financial planning.
AlTi Global, Inc., previously known as Alvarium Tiedemann Holdings, Inc. and Cartesian Growth Corp before that, is a Delaware-incorporated firm specializing in investment advice. The company's business address is also in New York, where the transaction was reported.
The SEC filing was signed by Colleen Graham, attorney in fact, on behalf of Moran Kevin P., and was submitted on May 16, 2024. The reported transaction is part of the routine disclosures required for company insiders and does not necessarily indicate a strategic shift for the company or its executive team.
InvestingPro Insights
AlTi Global, Inc. (NASDAQ:ALTI) has caught the attention of investors not only due to insider transactions but also because of its financial metrics and market performance. According to the latest data provided by InvestingPro, AlTi Global has a market capitalization of $532.83 million USD, reflecting its current market value. Despite some significant challenges, the company has experienced a remarkable revenue growth of 111.96% over the last twelve months as of Q1 2024.
InvestingPro Tips suggest that AlTi Global is expected to see net income growth this year, a promising sign for investors looking for potential profitability. However, the company's stock has been characterized by high price volatility, which could be a factor to consider for those with a lower risk tolerance. Additionally, while AlTi Global has not been profitable over the last twelve months, analysts predict a turnaround with the company potentially becoming profitable this year. It's worth noting that AlTi Global does not pay a dividend, which may influence the investment strategy of those seeking regular income from their holdings.
Investors using InvestingPro can access additional tips to further evaluate AlTi Global's performance and potential. Currently, there are 7 more InvestingPro Tips available for AlTi Global, which can be explored by visiting: https://www.investing.com/pro/ALTI. To enhance your investing experience, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
Considering the recent insider transaction, the financial data and InvestingPro Tips provide a broader context for understanding AlTi Global's current market position and future outlook.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.