In a recent transaction, Spiros Maliagros, President of Strategic Alternatives at AlTi Global, Inc. (NASDAQ:ALTI), sold shares of the company's Class A Common Stock. The sales took place over two days, with Maliagros selling a total of 7,991 shares. On October 17, he sold 1,516 shares at a price of $4 each. The following day, October 18, he sold an additional 6,475 shares at a weighted average price that ranged from $4.00 to $4.04, totaling $31,964 for both transactions. After these sales, Maliagros retains ownership of 397,175.74 shares in the company.
InvestingPro Insights
To provide additional context to the recent insider transaction at AlTi Global, Inc. (NASDAQ:ALTI), it's worth examining some key financial metrics and expert insights from InvestingPro.
According to InvestingPro data, AlTi Global has a market capitalization of $548.12 million USD, which places it in the small-cap category. The company's revenue for the last twelve months as of Q2 2023 stood at $241.81 million USD, with a significant revenue growth of 64.12% over the same period. This strong top-line growth suggests that the company is expanding its business operations rapidly.
However, despite the robust revenue growth, AlTi Global is currently not profitable. The company's operating income for the last twelve months was negative at -$47.72 million USD, resulting in an operating income margin of -19.73%. This aligns with an InvestingPro Tip indicating that the company "is not profitable over the last twelve months."
Another InvestingPro Tip points out that AlTi Global "suffers from weak gross profit margins." Indeed, the gross profit margin for the last twelve months was 23.34%, which may be considered low depending on the industry standards.
On a positive note, an InvestingPro Tip suggests that "net income is expected to grow this year," and "analysts predict the company will be profitable this year." This outlook could potentially explain why the company's President of Strategic Alternatives still maintains a substantial position in the stock despite the recent sale.
It's important to note that the stock price has experienced significant volatility recently. The 3-month price total return as of the data provided shows a decline of -17.37%, which corroborates another InvestingPro Tip stating that the "stock has fared poorly over the last month."
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and insights. In fact, there are 8 more InvestingPro Tips available for AlTi Global, which could provide valuable perspective on the company's financial health and future prospects.
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