Altair Engineering Inc’s recent filing unveils that its Officer Brown Matthew Charles acquired Company’s shares for reported $0.11 million on Dec 23 ’24. In the deal valued at $108.70 per share,1,043 shares were bought.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Dias Nelson sold 22,500 shares, generating $2,390,080 in total proceeds. Upon selling the shares at $106.23, the Chief Revenue Officer now owns 48,437 shares.
Before that, Dias Nelson bought 22,500 shares. Altair Engineering Inc shares valued at $2,388,825 were divested by the Officer at a price of $106.17 per share.
Goldman downgraded its Altair Engineering Inc [ALTR] rating to a Sell from a a Neutral in a research note published on August 02, 2024; the price target was decreased to $71 from $85. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid July from “an Overweight” to “a Neutral”. Rosenblatt also remained covering ALTR and has decreased its forecast on February 23, 2024 with a “Neutral” recommendation from previously “Buy” rating. JP Morgan started covering the stock on December 22, 2023. It rated ALTR as “an Overweight”.
Price Performance Review of ALTR
On Monday, Altair Engineering Inc [NASDAQ:ALTR] saw its stock fall -0.27% to $108.71. Over the last five days, the stock has gained 1.81%. Altair Engineering Inc shares have risen nearly 29.19% since the year began. Nevertheless, the stocks have risen 45.51% over the past one year. While a 52-week high of $113.12 was reached on 10/29/24, a 52-week low of $73.69 was recorded on 08/02/24. SMA at 50 days reached $104.14, while 200 days put it at $92.88.
Levels Of Support And Resistance For ALTR Stock
The 24-hour chart illustrates a support level at 108.41, which if violated will result in even more drops to 108.11. On the upside, there is a resistance level at 109.10. A further resistance level may holdings at 109.49. The Relative Strength Index (RSI) on the 14-day chart is 66.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.75, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.71%. Stochastics %K at 87.04% indicates the stock is a selling.
How much short interest is there in Altair Engineering Inc?
A steep rise in short interest was recorded in Altair Engineering Inc stocks on 2024-11-29, dropping by -1.16 million shares to a total of 3.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.48 million shares. There was a decline of -34.8%, which implies that there is a negative sentiment for the stock.
