Insider Selling: AGI (NYSE:AGBK) CTO Sells $3,074,068.14 in Stock

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

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

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

AGI Trading Down 1.6%

AGBK opened at $6.74 on Friday. AGI Inc has a one year low of $5.91 and a one year high of $12.21. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.51 and a quick ratio of 1.51. The business has a 50 day simple moving average of $6.69 and a two-hundred day simple moving average of $7.63. The firm has a market capitalization of $1.08 billion and a price-to-earnings ratio of 11.42.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AGBK shares. The Goldman Sachs Group set a $13.00 target price on AGI in a report on Thursday, August 6th. Zacks Research lowered shares of AGI from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AGI in a research report on Friday, August 7th. Oppenheimer reduced their price target on shares of AGI from $10.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Finally, Susquehanna set a $14.00 price objective on shares of AGI in a report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, AGI currently has a consensus rating of “Hold” and a consensus target price 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.