Liftoff Mobile, Inc. (NASDAQ:LFTO – Get Free Report) Director Atlantic Genpar L.P. General bought 1,304,347 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were acquired at an average cost of $23.00 per share, with a total value of $29,999,981.00. Following the completion of the transaction, the director owned 25,315,646 shares in the company, valued at approximately $582,259,858. The trade was a 5.43% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Liftoff Mobile Stock Performance
Shares of Liftoff Mobile stock opened at $25.66 on Friday. Liftoff Mobile, Inc. has a 1 year low of $23.08 and a 1 year high of $30.10.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on LFTO. Weiss Ratings began coverage on Liftoff Mobile in a research report on Thursday, June 4th. They set a “sell (e)” rating for the company. Wall Street Zen raised Liftoff Mobile to a “hold” rating in a research report on Saturday, June 6th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
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