Altair Engineering Inc’s filing revealed that its Chief Product Strategy Officer Kunju Ravi unloaded Company’s shares for reported $25488.0 on Mar 17 ’25. In the deal valued at $111.30 per share,229 shares were sold. As a result of this transaction, Kunju Ravi now holds 34,388 shares worth roughly $3.85 million.
Then, Scapa James Ralph sold 9 shares, generating $1,002 in total proceeds. Upon selling the shares at $111.30, the Chief Executive Officer now owns 1,184 shares.
Before that, Marraccini Jeffrey sold 90 shares. Altair Engineering Inc shares valued at $10,017 were divested by the insider at a price of $111.30 per share. As a result of the transaction, Marraccini Jeffrey now holds 5,462 shares, worth roughly $0.61 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 Tuesday, Altair Engineering Inc [NASDAQ:ALTR] saw its stock jump 0.14% to $111.85. Over the last five days, the stock has gained 0.37%. Altair Engineering Inc shares have risen nearly 2.51% since the year began. Nevertheless, the stocks have risen 28.86% over the past one year. While a 52-week high of $113.12 was reached on 03/21/25, a 52-week low of $75.71 was recorded on 01/02/25. SMA at 50 days reached $110.96, while 200 days put it at $100.74.
Levels Of Support And Resistance For ALTR Stock
The 24-hour chart illustrates a support level at 111.73, which if violated will result in even more drops to 111.61. On the upside, there is a resistance level at 111.94. A further resistance level may holdings at 112.03. The Relative Strength Index (RSI) on the 14-day chart is 65.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.97%. Stochastics %K at 64.39% 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 2025-03-14, growing by 0.55 million shares to a total of 5.65 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 5.11 million shares. There was a rise of 9.68%, which implies that there is a positive sentiment for the stock.
