EU and US could reach trade deal this weekend - Reuters
Patrick T. Keenan, Principal Accounting Officer at AlTi Global, Inc. (NASDAQ:ALTI), sold 4,562.33 shares of Class A Common Stock on June 3, 2024, for $3.47, totaling approximately $15,831. The transaction occurred below the current trading price of $4.43, with the stock showing strong momentum, up over 10% in the past six months. According to InvestingPro data, analysts have set a $9 price target for ALTI, suggesting significant upside potential. Following the transaction, Keenan directly owns 6,613.068 shares of the company. With a market capitalization of $641 million, ALTI maintains strong liquidity with a current ratio of 1.56, and analysts expect the company to return to profitability this year. For more detailed insights and additional ProTips, check out the comprehensive research available on InvestingPro.
In other recent news, AlTi Global, Inc. reported a 14% increase in consolidated revenue for the first quarter of 2025, reaching $58 million. Despite this revenue growth, the company experienced a net loss of $3 million. In a strategic move, AlTi Global announced plans to wind down its International Real Estate (IRE) business following a comprehensive board review. This decision was made as the IRE unit faced ongoing losses and was no longer aligned with shareholder interests. The wind-down process is expected to be substantially completed by December 2027. Additionally, AlTi Global renewed the executive employment agreement with Colleen Graham, its Chief Legal, Compliance, and Risk Officer, effective May 29, 2025. The renewed contract includes an annual base salary of $425,000 and eligibility for an annual bonus. Furthermore, AlTi Global filed an amended proxy statement with the SEC, providing additional details for its upcoming annual meeting.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.