In recent market activity, Spiros Maliagros, President of Asset Management at AlTi Global, Inc. (NASDAQ:ALTI), engaged in transactions involving the company's shares. According to the latest filings, Maliagros sold a total of 10,300 shares of AlTi Global's Class A Common Stock over two separate days.
On April 2nd, Maliagros sold 5,350 shares at a price of $5.14 per share, followed by a sale of 4,950 shares on April 3rd at $5.01 per share. The total value of these sales amounted to approximately $52,298. These transactions resulted in Maliagros's ownership of Class A Common Stock decreasing to 512,984.74 shares.
The sales come after a transaction on March 11th, where Maliagros acquired 400,000 shares of Class A Common Stock at no cost. This transaction was related to the exchange of paired interests involving Class B Units of AlTi Global Capital, LLC, which are paired with shares of Class B Common Stock and can be exchanged on a one-for-one basis for Class A shares, according to the company's filings.
Investors often monitor insider transactions as they can provide insights into how executives view the company's stock and future prospects. The recent sales by Maliagros could be interpreted in various ways, but without additional context, it is difficult to draw definitive conclusions.
AlTi Global, Inc. specializes in investment advice and has undergone name changes in the past, previously known as Alvarium Tiedemann Holdings, Inc. and Cartesian Growth Corp. The company is incorporated in Delaware and has its business address in New York, NY.
InvestingPro Insights
Amidst the insider transactions at AlTi Global, Inc., the market is keeping a keen eye on the company's performance and outlook. According to the latest InvestingPro Data, AlTi Global has a market capitalization of $612.16 million, reflecting the size and significance of the company in its sector. Despite a challenging period, with a negative P/E ratio over the last twelve months indicating that the company has not been profitable, analysts following AlTi Global predict a turnaround with net income expected to grow this year.
Investors should note that the stock has experienced significant price volatility, as evidenced by a substantial decrease in the stock price over various timeframes, including a 1-week total return of -9.36% and a 1-year total return of -56.53%. This volatility is further underscored by the stock's performance over the last month, where it has seen a decline of -20.96%. Such movements may influence investor sentiment and decision-making.
While gross profit margins have been weak at 18.67%, the company's liquid assets exceed its short-term obligations, which may provide some financial stability in the near term. This is an important consideration for investors who are evaluating the company's ability to meet its immediate financial commitments.
AlTi Global does not pay dividends, which might be a factor for income-focused investors. However, the company's stock has taken a hit over the last week and month, which could present a buying opportunity for those who believe in the company's potential for profitability as forecasted by analysts.
For more detailed analysis and additional InvestingPro Tips, including the stock's high price volatility and the prediction of profitability for the current year, investors can visit InvestingPro. There are 11 additional tips available on InvestingPro for AlTi Global, Inc., offering deeper insights into the company's financial health and market prospects. To get the most out of these insights, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.