Altair Engineering Inc’s recently made public that its Chief Legal Officer Maitra Raoul unloaded Company’s shares for reported $99199.0 on Jun 14 ’24. In the deal valued at $96.31 per share,1,030 shares were sold. As a result of this transaction, Maitra Raoul now holds 26,230 shares worth roughly $2.52 million.
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Then, Gayle Brian sold 1,866 shares, generating $180,200 in total proceeds. Upon selling the shares at $96.57, the Chief Accounting Officer now owns 16,557 shares.
Before that, GC Investments LLC sold 100,000 shares. Altair Engineering Inc shares valued at $9,722,777 were divested by the 10% Owner at a price of $97.23 per share. As a result of the transaction, GC Investments LLC now holds 100,000 shares, worth roughly $9.6 million.
Rosenblatt downgraded its Altair Engineering Inc [ALTR] rating to a Neutral from a a Buy in a research note published on February 23, 2024; the price target was increased to $88 from $74. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in late December with a ‘”an Overweight”‘ rating. Goldman also remained covering ALTR and has increased its forecast on May 05, 2023 with a “Neutral” recommendation from previously “Sell” rating. Needham started covering the stock on November 16, 2022. It rated ALTR as “a Buy”.
Price Performance Review of ALTR
On Monday, Altair Engineering Inc [NASDAQ:ALTR] saw its stock jump 0.85% to $96.03. Over the last five days, the stock has lost -0.60%. Altair Engineering Inc shares have risen nearly 14.12% since the year began. Nevertheless, the stocks have risen 32.42% over the past one year. While a 52-week high of $100.79 was reached on 06/18/24, a 52-week low of $57.59 was recorded on 01/03/24. SMA at 50 days reached $87.85, while 200 days put it at $78.98. A total of 0.68 million shares were traded, compared to the trading of 8.6 million shares in the previous session.
Levels Of Support And Resistance For ALTR Stock
The 24-hour chart illustrates a support level at 94.76, which if violated will result in even more drops to 93.49. On the upside, there is a resistance level at 97.80. A further resistance level may holdings at 99.57. The Relative Strength Index (RSI) on the 14-day chart is 60.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.21, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.15%. Stochastics %K at 69.27% indicates the stock is a holding.
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The most recent change occurred on August 17, 2022 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $70 price target.
