Altair Engineering Inc’s recent filing unveils that its Director Harris Teresa A acquired Company’s shares for reported $0.3 million on Feb 25 ’25. In the deal valued at $111.00 per share,2,700 shares were bought.
Then, Brown Matthew Charles bought 3,801 shares, generating $424,706 in total proceeds.
Before that, Brown Matthew Charles sold 1,048 shares. Altair Engineering Inc shares valued at $114,127 were divested by the Chief Financial Officer at a price of $108.90 per share. As a result of the transaction, Brown Matthew Charles now holds 55,519 shares, worth roughly $6.19 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 fall -0.12% to $111.57. Over the last five days, the stock has gained 0.40%. Altair Engineering Inc shares have risen nearly 2.25% since the year began. Nevertheless, the stocks have risen 24.16% over the past one year. While a 52-week high of $113.12 was reached on 02/21/25, a 52-week low of $75.71 was recorded on 01/02/25. SMA at 50 days reached $109.74, while 200 days put it at $98.48.
Levels Of Support And Resistance For ALTR Stock
The 24-hour chart illustrates a support level at 111.43, which if violated will result in even more drops to 111.30. On the upside, there is a resistance level at 111.75. A further resistance level may holdings at 111.94. The Relative Strength Index (RSI) on the 14-day chart is 72.34, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.34%. Stochastics %K at 74.56% indicates the stock is a holding.
