The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Altair Engineering Inc shares valued at $49,984 were sold by Harris Teresa A on Mar 06 ’25. At $111.08 per share, Harris Teresa A sold 450 shares. The insider’s holdings dropped to 18,092 shares worth approximately $2.01 million following the completion of this transaction.
Also, Harris Teresa A purchased 450 shares, netting a total of over 49,984 in proceeds.
Before that, Messano Amy had sold 255 shares from its account. In a trade valued at $28,420, the Chief Marketing Officer traded Altair Engineering Inc shares for $111.45 each. Upon closing the transaction, the insider’s holdings decreased to 255 shares, worth approximately $2.6 million.
As published in a research note from Goldman on August 02, 2024, Altair Engineering Inc [ALTR] has been rated down from a Neutral to a Sell and the price target has been revised to $71 from $85. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid July. As of February 23, 2024, Rosenblatt has decreased its “Buy” rating to a “Neutral” for ALTR. Earlier on December 22, 2023, JP Morgan initiated its rating. Their recommendation was “an Overweight” for ALTR stock.
Analyzing ALTR Stock Performance
During the last five days, there has been a drop of approximately -0.34%. Over the course of the year, Altair Engineering Inc shares have jumped approximately 1.83%. Shares of the company reached a 52-week high of $112.20 on 02/21/25 and a 52-week low of $109.15 on 01/02/25. A 50-day SMA is recorded $110.43, while a 200-day SMA reached $99.33.
Support And Resistance Levels for Altair Engineering Inc (ALTR)
According to the 24-hour chart, there is a support level at 110.79, which, if violated, would cause prices to drop to 110.48. In the upper region, resistance lies at 111.40. The next price resistance is at 111.70. RSI (Relative Strength Index) is 55.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 68.12%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
