Mark Furlong Acquires Shares of AlTi Global, Inc.
Mark Furlong bought 34,737 shares of AlTi Global, Inc. on June 17, 2026.
Key Points
- Mark Furlong purchased 34,737 shares of AlTi Global, Inc. on June 17, 2026, with the stock trading at $3.04.
- AlTi Global, Inc., with a market cap of $320.1 million, operates in the asset management sector.
- Raymond James upgraded AlTi Global to a 'buy' with a $9 price target.
Mark Furlong, an insider at AlTi Global, Inc., bought 34,737 shares of the company on June 17, 2026. The transaction did not specify a purchase price or total value, but the stock was trading at around $3.04 on the NasdaqCM at the time.
Insider Buying and Selling at AlTi Global, Inc.
On June 17, 2026, several insiders at AlTi Global, including Mark Furlong, made significant stock purchases. Each insider acquired 34,737 shares, with the transactions not being part of any pre-arranged trading plan. These acquisitions did not disclose a specific purchase price or total value.
Other Institutional Activity in AlTi Global
Institutional investors have been active in AlTi Global as well. Allianz SE increased its holdings by 865,344 shares, bringing its total to 21,707,214 shares valued at approximately $78.6 million. On the other hand, BlackRock, Inc. slightly reduced its stake by 38,857 shares, ending with 2,646,924 shares worth about $9.6 million. Vanguard Capital Management LLC added 1,637,567 shares to its portfolio, now holding 1,637,567 shares valued at $5.9 million. Meanwhile, Geode Capital Management, LLC increased its position by 16,568 shares, resulting in a total of 1,147,272 shares valued at $4.2 million.
AlTi Global, Inc. Stock Snapshot
Shares of NasdaqCM:ALTI traded near $3.04. AlTi Global, Inc. has a market cap of approximately $320.1 million and a forward P/E ratio of 6.57. The stock's beta is 0.73, indicating lower volatility compared to the broader market. It has a 52-week low of $2.75 and a high of $5.45, with a 50-day moving average of $3.45 and a 200-day moving average of $3.95.
Recent Earnings
AlTi Global reported revenue of about $271 million, reflecting a growth of 28.1%. However, the company is not yet profitable, with a net margin of -42% and a return on equity of -12.9%. The next earnings release is expected on August 10, 2026.
Analysts Set New Price Targets
On January 25, 2024, Raymond James upgraded AlTi Global to a 'buy' rating with a price target of $9. The consensus among analysts is also positive, with a mean target price of $9 based on one analyst opinion.
About AlTi Global, Inc.
AlTi Global, Inc. is a financial services company based in New York, NY, specializing in wealth and asset management. The company offers a range of services, including discretionary investment management, trust services, family office solutions, and international real estate services. Led by CEO Nancy Curtin, AlTi Global employs 490 people and operates internationally.
Bottom Line
Mark Furlong's recent purchase of AlTi Global shares underscores the insider confidence in the company's prospects. Investors keep a close eye on such insider activities as potential indicators of future performance. However, it's important to remember that these transactions are historical and may not reflect the current market outlook.
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.
