Nazim Cetin Acquires Shares of AlTi Global, Inc.
Nazim Cetin purchased 34,737 shares of AlTi Global, Inc. on June 17.
Key Points
- Nazim Cetin bought 34,737 shares of AlTi Global, Inc. on June 17, 2026, with shares trading around $3.04.
- AlTi Global, Inc. trades on NasdaqCM with a market cap of $320 million and a forward P/E ratio of 6.57.
- Allianz SE and State Street Corp also adjusted their holdings in AlTi Global, Inc., showing active institutional interest.
On June 17, 2026, Nazim Cetin purchased 34,737 shares of AlTi Global, Inc. (NasdaqCM: ALTI). The shares were acquired at an unspecified price, but the stock was trading around $3.04 at the time of the transaction. This insider transaction did not involve a pre-planned trading program.
Other Institutional Activity in AlTi Global, Inc.
Several institutional investors have also adjusted their positions in AlTi Global, Inc. Allianz SE increased its holdings by 865,344 shares, bringing its total to 21,707,214 shares valued at approximately $78.6 million. State Street Corp added 59,450 shares, ending with 835,708 shares worth about $3 million. On the other hand, BlackRock, Inc. reduced its stake by 38,857 shares, holding 2,646,924 shares valued at around $9.6 million.
AlTi Global, Inc. Stock Snapshot
Shares of AlTi Global, Inc. (NasdaqCM: ALTI) were trading near $3.04. The company has a market capitalization of approximately $320 million and a forward P/E ratio of 6.57. It has a beta of 0.725, indicating lower volatility compared to the market. The stock's 52-week range is from $2.75 to $5.445, with a 50-day moving average of $3.447 and a 200-day moving average of $3.950.
Recent Earnings
AlTi Global, Inc. reported revenue of $270.97 million, with a revenue growth rate of 28.1%. However, the company is not currently profitable, with a negative net margin of 42.04% and a return on equity of -12.87%. The next earnings announcement is scheduled for August 10, 2026.
Insider Buying and Selling at AlTi Global, Inc.
On June 17, 2026, several insiders, including Timothy Keaney, Andreas Wimmer, Ali Bouzarif, Mark Furlong, Tracey Brophy Warson, and Norma Corio, each purchased 34,737 shares of AlTi Global, Inc. These transactions were not part of a pre-arranged trading plan.
Analysts Set New Price Targets
Raymond James upgraded AlTi Global, Inc. to a 'buy' rating with a price target of $9.00 on January 25, 2024. This reflects a positive outlook from the firm's analysts. The consensus among analysts is a 'buy' recommendation with an average target price of $9.00 from one analyst.
About AlTi Global, Inc.
AlTi Global, Inc., headquartered in New York, provides wealth and asset management services across various countries, including the United States, the United Kingdom, and several others. The company offers discretionary and non-discretionary investment management, trust services, and family office services. Additionally, it provides ancillary fund management and international real estate services. Led by CEO Nancy Curtin, AlTi Global employs around 490 people.
Bottom Line
Nazim Cetin's recent purchase of AlTi Global, Inc. shares highlights insider interest in the company. The asset management firm, trading on NasdaqCM, has seen active institutional trading, with both increases and decreases in holdings by major funds. While the company is not currently profitable, analyst ratings suggest a positive outlook for its stock.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.