Alti Global’s US wealth management president sells $74,474 in stock

Published 05/06/2025, 16:36
Alti Global’s US wealth management president sells $74,474 in stock

Brooke Connell, the President of US Wealth Management at AlTi Global, Inc. (NASDAQ:ALTI), recently sold a significant portion of her holdings in the company. According to a recent SEC filing, Connell disposed of 21,462 shares of Class A Common Stock on June 3, 2025. The shares were sold at a price of $3.47 each, amounting to a total transaction value of $74,474. The stock has since shown strong momentum, gaining 7.76% over the past week to trade at $3.68, with InvestingPro analysis indicating the stock is fairly valued based on its proprietary Fair Value model.

Following this sale, Connell retains ownership of 216,388 shares in AlTi Global. The transaction reflects her ongoing management of personal holdings in the company, where she holds a key executive role. While AlTi Global, with a market capitalization of $530.64 million, isn’t currently profitable, InvestingPro analysis reveals that analysts expect the company to turn profitable this year. For deeper insights into insider trading patterns and 8 additional key ProTips, explore the comprehensive Pro Research Report available on InvestingPro.

In other recent news, AlTi Global Inc. reported a 14% year-over-year increase in consolidated revenue for the first quarter of 2025, totaling $58 million. Despite a net loss of $3 million, the company saw a 38% rise in adjusted EBITDA, reaching $9 million, indicating improved operational efficiency. In addition to financial results, AlTi Global has renewed the executive employment contract with Colleen Graham, the Chief Legal, Compliance, and Risk Officer, effective May 29, 2025, with an annual base salary of $425,000 and eligibility for annual bonuses.

The company also amended its proxy statement for the upcoming annual meeting, clarifying voting rights and quorum requirements for shareholders. AlTi Global’s strategic initiatives include the acquisition of Kontoora, marking its entry into Germany, which is expected to be EBITDA accretive. The company has been focusing on recurring revenue streams and strategic partnerships, contributing to its robust performance. These developments reflect AlTi Global’s ongoing efforts to expand its global footprint and enhance its service offerings.

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