Liftoff Mobile, Inc. (NASDAQ:LFTO – Get Free Report) Director Atlantic Genpar L.P. General purchased 1,304,347 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was bought at an average cost of $23.00 per share, for a total transaction of $29,999,981.00. Following the purchase, the director owned 25,315,646 shares in the company, valued at $582,259,858. This trade represents a 5.43% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Liftoff Mobile Stock Down 4.1%
LFTO stock opened at $24.72 on Thursday. Liftoff Mobile, Inc. has a twelve month low of $24.21 and a twelve month high of $30.10.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on LFTO shares. Wall Street Zen raised Liftoff Mobile to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings initiated coverage on Liftoff Mobile in a research note on Thursday, June 4th. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.
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