Liftoff Mobile (NASDAQ:LFTO) Director Atlantic Genpar L.P. General Purchases 1,304,347 Shares

Liftoff Mobile, Inc. (NASDAQ:LFTO) 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 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 in the company, valued at $582,259,858. This represents a 5.43% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Liftoff Mobile Stock Performance

Shares of Liftoff Mobile stock opened at $25.77 on Wednesday. Liftoff Mobile, Inc. has a twelve month low of $24.50 and a twelve month high of $30.10.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. 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. Wall Street Zen upgraded shares of Liftoff Mobile to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Liftoff Mobile currently has a consensus rating of “Sell”.