Key Points
- Atlantic Genpar L.P. General, a director of Liftoff Mobile, bought 1,304,347 shares on June 5 at an average price of $23.00 per share, a transaction worth about $30.0 million.
- After the purchase, the director’s stake increased to 25,315,646 shares, valued at roughly $582.3 million, which marked a 5.43% increase in ownership.
- Liftoff Mobile stock fell 4.6% and opened at $25.77; analyst sentiment remains weak, with a consensus rating of “Sell” despite one upgrade to “hold”.
Liftoff Mobile, Inc. (NASDAQ:LFTO - Get Free Report) Director Atlantic Genpar L.P. General purchased 1,304,347 shares of Liftoff Mobile stock in a transaction on Friday, June 5th. The stock was purchased at an average price of $23.00 per share, for a total transaction of $29,999,981.00. Following the completion of the transaction, the director owned 25,315,646 shares of the company's stock, valued at approximately $582,259,858. This represents a 5.43% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Liftoff Mobile Stock Down 4.6%
NASDAQ:LFTO opened at $25.77 on Wednesday. Liftoff Mobile, Inc. has a 12 month low of $24.50 and a 12 month high of $30.10.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Liftoff Mobile to a "hold" rating in a research report on Saturday. Weiss Ratings assumed coverage on shares of Liftoff Mobile in a research report on Thursday, June 4th. They set a "sell (e)" rating on the stock. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Liftoff Mobile has a consensus rating of "Sell".
Check Out Our Latest Analysis on LFTO
Further Reading
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