In a filing, Altair Engineering Inc revealed its Chief Financial Officer Brown Matthew Charles unloaded Company’s shares for reported $0.11 million on Dec 23 ’24. In the deal valued at $108.90 per share,1,048 shares were sold. As a result of this transaction, Brown Matthew Charles now holds 55,519 shares worth roughly $6.14 million.
Then, Brown Matthew Charles bought 1,043 shares, generating $113,374 in total proceeds.
Before that, Dias Nelson sold 22,500 shares. Altair Engineering Inc shares valued at $2,390,080 were divested by the Chief Revenue Officer at a price of $106.23 per share. As a result of the transaction, Dias Nelson now holds 48,437 shares, worth roughly $5.36 million.
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 Tuesday, Altair Engineering Inc [NASDAQ:ALTR] saw its stock jump 0.19% to $110.62. Over the last five days, the stock has gained 0.43%. Altair Engineering Inc shares have risen nearly 1.38% since the year began. Nevertheless, the stocks have risen 29.90% over the past one year. While a 52-week high of $113.12 was reached on 01/21/25, a 52-week low of $75.71 was recorded on 01/02/25. SMA at 50 days reached $106.94, while 200 days put it at $95.13.
Levels Of Support And Resistance For ALTR Stock
The 24-hour chart illustrates a support level at 110.41, which if violated will result in even more drops to 110.19. On the upside, there is a resistance level at 110.89. A further resistance level may holdings at 111.15. The Relative Strength Index (RSI) on the 14-day chart is 72.18, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.17%. Stochastics %K at 91.22% 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 2024-12-31, growing by 0.48 million shares to a total of 3.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 3.32 million shares. There was a rise of 12.57%, which implies that there is a positive sentiment for the stock.
