Altair Engineering Inc’s recently made public that its Chief Executive Officer Scapa James Ralph unloaded Company’s shares for reported $1.28 million on Jun 28 ’24. In the deal valued at $98.26 per share,13,000 shares were sold. As a result of this transaction, Scapa James Ralph now holds 0 shares worth roughly $0.0.
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Then, JRS Investments LLC sold 6,500 shares, generating $638,708 in total proceeds. Upon selling the shares at $98.26, the 10% Owner now owns 0 shares.
Before that, James R. Scapa Declaration of sold 6,500 shares. Altair Engineering Inc shares valued at $638,707 were divested by the 10% Owner at a price of $98.26 per share. As a result of the transaction, James R. Scapa Declaration of now holds 0 shares, worth roughly $0.0.
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 Tuesday, Altair Engineering Inc [NASDAQ:ALTR] saw its stock jump 0.89% to $98.41. Over the last five days, the stock has gained 0.50%. Altair Engineering Inc shares have risen nearly 16.95% since the year began. Nevertheless, the stocks have risen 29.76% 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 $89.86, while 200 days put it at $79.96. A total of 0.37 million shares were traded, compared to the trading of 0.37 million shares in the previous session.
Levels Of Support And Resistance For ALTR Stock
The 24-hour chart illustrates a support level at 97.49, which if violated will result in even more drops to 96.58. On the upside, there is a resistance level at 99.07. A further resistance level may holdings at 99.74. The Relative Strength Index (RSI) on the 14-day chart is 63.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.95%. Stochastics%K at 69.10% indicates the stock is a holding.
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.
