Norma Corio Acquires Shares in AlTi Global, Inc.
Norma Corio recently bought 34,737 shares of AlTi Global, Inc. on June 17, 2026.
Key Points
- Norma Corio purchased 34,737 shares of AlTi Global, Inc. on June 17, 2026.
- AlTi Global, Inc. has a market cap of approximately $320 million and trades at $3.04 per share.
- Analysts from Raymond James have set a price target of $9.00 for AlTi Global, Inc.
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On June 17, 2026, Norma Corio made a notable investment in AlTi Global, Inc. by acquiring 34,737 shares. This transaction was not part of a pre-planned trading program, highlighting a direct interest in the company's stock, which is listed on the NasdaqCM under the ticker ALTI.
AlTi Global, Inc. Stock Down 27.9%
Shares of NasdaqCM:ALTI recently traded at around $3.04. AlTi Global, Inc. has a market capitalization of about $320 million. The company's forward P/E ratio stands at 6.57, indicating expectations for future earnings. With a beta of 0.73, the stock is less volatile than the broader market. AlTi's 52-week range has seen lows of $2.75 and highs of $5.45, with moving averages at $3.45 for 50 days and $3.95 for 200 days. The company's financials show a current ratio of 1.10 and a quick ratio of 0.997, alongside a debt-to-equity ratio of 8.59.
$ALTI stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
AlTi Global reported revenues of approximately $271 million, with a revenue growth rate of 28.1%. However, the company is currently not profitable, as indicated by a net margin of -42% and a return on equity of -12.87%. The next earnings report is expected on August 10, 2026.
Insider Buying and Selling at AlTi Global, Inc.
In addition to Norma Corio's purchase, other insiders also acquired shares on June 17, 2026. Timothy Keaney, Andreas Wimmer, Ali Bouzarif, Mark Furlong, and Tracey Brophy Warson each bought 34,737 shares. These transactions were not part of planned trading schemes, suggesting confidence in the company's prospects.
Analysts Set New Price Targets
Raymond James has shown optimism for AlTi Global, upgrading its rating to 'buy' with a price target of $9.00 as of January 25, 2024. This reflects a positive outlook, with the firm previously initiating coverage with a 'buy' rating and an $8.00 target.
About AlTi Global, Inc.
AlTi Global, Inc. is a financial services company specializing in asset management. It operates globally, providing wealth management, investment advisory, trust services, and family office solutions. The company, headquartered in New York City, is led by CEO Nancy Curtin and employs approximately 490 people. AlTi Global also offers real estate services and fund management support, catering to a diverse international clientele.
Bottom Line
Norma Corio's recent purchase of AlTi Global shares indicates insider confidence in the company's future. As an asset management firm, AlTi Global operates in a competitive sector, but its global presence and service diversification provide growth opportunities. Investors and analysts will be watching upcoming earnings closely, especially given the positive analyst sentiment with a $9.00 price target. Remember, insider transactions are disclosed after the fact and do not necessarily predict future stock performance.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.