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AlTi Global, Inc. (NASDAQ:ALTI), a $530 million market cap company, saw its Chief Executive Officer Michael Tiedemann recently sell a significant portion of his holdings. According to a filing with the Securities and Exchange Commission, Tiedemann sold 42,198.93 shares of Class A Common Stock on June 3, 2025, at $3.47 per share, totaling approximately $146,430. The sale comes as the stock shows strong momentum, gaining nearly 8% over the past week, according to InvestingPro data.
Following this transaction, Tiedemann holds 541,143.49 shares directly. Additionally, his indirect beneficial ownership includes shares held by MGT 2012 DE Trust, CHT Fam Tst Ar 3rd fbo MGT, and Chauncey Close, LLC, amounting to 63,326, 30,954, and 42,918 shares, respectively. Tiedemann disclaims beneficial ownership of these indirectly held securities, except for any pecuniary interest he may have. InvestingPro analysis indicates the company maintains healthy liquidity with a current ratio of 1.56, while its overall financial health score is rated as FAIR. Discover more insights and 8 additional key ProTips for ALTI in the comprehensive Pro Research Report.
In other recent news, AlTi Global Inc. reported a 14% year-over-year increase in consolidated revenue for the first quarter of 2025, reaching $58 million. Despite a net loss of $3 million, the company demonstrated strong operational efficiency with a 38% increase in adjusted EBITDA. AlTi Global’s core Wealth and Capital Solutions segment saw a 23% rise in revenue, contributing significantly to overall growth. The company remains optimistic about future growth, with plans for global expansion and strategic acquisitions, including the recent acquisition of Kontoora in Germany. Additionally, AlTi Global renewed the executive employment agreement with Colleen Graham, the Chief Legal, Compliance, and Risk Officer, ensuring her continued role in the company. The company also filed an amended proxy statement with the SEC, providing details for its upcoming annual meeting, which will address corporate governance matters. These developments reflect AlTi Global’s strategic initiatives and ongoing efforts to enhance its market position.
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