Altair Engineering Inc’s recently made public that its Director Harris Teresa A unloaded Company’s shares for reported $49984.0 on Mar 06 ’25. In the deal valued at $111.08 per share,450 shares were sold. As a result of this transaction, Harris Teresa A now holds 18,092 shares worth roughly $2.02 million.
Then, Harris Teresa A bought 450 shares, generating $49,984 in total proceeds.
Before that, Messano Amy sold 255 shares. Altair Engineering Inc shares valued at $28,420 were divested by the Chief Marketing Officer at a price of $111.45 per share. As a result of the transaction, Messano Amy now holds 23,396 shares, worth roughly $2.61 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 Monday, Altair Engineering Inc [NASDAQ:ALTR] saw its stock jump 0.06% to $111.42. Over the last five days, the stock has gained 0.30%. Altair Engineering Inc shares have risen nearly 2.12% since the year began. Nevertheless, the stocks have risen 36.85% 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 $110.75, while 200 days put it at $100.03.
Levels Of Support And Resistance For ALTR Stock
The 24-hour chart illustrates a support level at 111.23, which if violated will result in even more drops to 111.04. On the upside, there is a resistance level at 111.68. A further resistance level may holdings at 111.94. The Relative Strength Index (RSI) on the 14-day chart is 59.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.18%. Stochastics %K at 51.28% indicates the stock is a holding.
How much short interest is there in Altair Engineering Inc?
A steep rise in short interest was recorded in Altair Engineering Inc stocks on 2025-02-28, growing by 0.86 million shares to a total of 4.92 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 4.06 million shares. There was a rise of 17.46%, which implies that there is a positive sentiment for the stock.
