AGI (NYSE:AGBK) CTO Sells 256,386 Shares of Stock

AGI Inc (NYSE:AGBK) CTO Vinicius Birkeland Aloe sold 256,386 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $11.99, for a total value of $3,074,068.14. Following the completion of the sale, the chief technology officer directly owned 176,423 shares in the company, valued at $2,115,311.77. This trade represents a 59.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Vinicius Birkeland Aloe also recently made the following trade(s):

• On Monday, August 31st, Vinicius Birkeland Aloe sold 406 shares of AGI stock. The stock was sold at an average price of $5.96, for a total value of $2,419.76.

AGI Stock Up 1.7%

Shares of AGI stock traded up $0.12 on Wednesday, hitting $6.75. The company’s stock had a trading volume of 171,295 shares, compared to its average volume of 473,679. AGI Inc has a 52-week low of $5.91 and a 52-week high of $12.21. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average of $6.70. The stock has a market cap of $1.08 billion and a P/E ratio of 11.43.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AGBK shares. Susquehanna set a $14.00 price target on shares of AGI in a report on Friday, May 8th. Zacks Research cut shares of AGI from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. The Goldman Sachs Group set a $13.00 price objective on AGI in a research report on Thursday, August 6th. Oppenheimer lowered their target price on AGI from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Finally, Itau BBA Securities downgraded AGI from an “outperform” rating to a “market perform” rating and set a $9.00 price target for the company. in a research report on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $14.14.

AGI Company Profile

Our mission is to revolutionize financial services for the largest and fastest growing segment of Brazil’s population: individuals who have been underserved by incumbent banks and have not been effectively reached by digital-only banks. We seek to make credit and banking solutions more accessible and affordable for the Brazilian consumers who we believe need it the most, including social security beneficiaries and private and public sector workers. We have designed a unique value proposition for this population, who may be older, have a lower income, be less tech-savvy or have less access to education.