Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alta Equipment Group Inc shares valued at $32,348 were purchased by STUDDERT ANDREW P on May 29 ’25. At $4.80 per share, STUDDERT ANDREW P acquired 6,743 shares. The insider’s holdings grew to 93,334 shares worth approximately $0.71 million following the completion of this transaction.
Also, STUDDERT ANDREW P purchased 3,257 shares, netting a total of over 15,650 in proceeds. Following the buying of shares at $4.80 each, the insider now holds 96,591 shares.
Before that, Brubaker Craig had sold 5,294 shares from its account. In a trade valued at $26,471, the Chief Operating Officer traded Alta Equipment Group Inc shares for $5.00 each. Upon closing the transaction, the insider’s holdings decreased to 5,294 shares, worth approximately $0.75 million.
Analysts at Northland Capital downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in mid November. As of September 23, 2022, Northland Capital has initiated its “an Outperform” rating for ALTG. Earlier on January 04, 2022, B. Riley Securities resumed its rating. Their recommendation was “a Buy” for ALTG stock.
Analyzing ALTG Stock Performance
On last trading session, Alta Equipment Group Inc [NYSE: ALTG] rose 4.67% to $7.62. The stock’s lowest price that day was $7.2753, but it reached a high of $7.64 in the same session. During the last five days, there has been a surge of approximately 19.62%. Over the course of the year, Alta Equipment Group Inc shares have dropped approximately -1.93%. Shares of the company reached a 52-week high of $7.70 on 02/13/25 and a 52-week low of $3.54 on 04/04/25.
Support And Resistance Levels for Alta Equipment Group Inc (ALTG)
According to the 24-hour chart, there is a support level at 7.38, which, if violated, would cause prices to drop to 7.15. In the upper region, resistance lies at 7.75. The next price resistance is at 7.88. RSI (Relative Strength Index) is 78.07 on the 14-day chart, showing overbought technical sentiment.
Is Alta Equipment Group Inc subject to short interest?
Stocks of Alta Equipment Group Inc saw a sharp rise in short interest on 2025-06-13 jumping by 0.13 million shares to 1.63 million. Data from Yahoo Finance shows that the short interest on 2025-05-15 was 1.5 million shares. A jump of 8.01% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 8.26 of the overall float, the days-to-cover ratio (short ratio) jumped to 8.26.
Which companies own the most shares of Alta Equipment Group Inc (ALTG)?
In terms of Alta Equipment Group Inc share price expectations, FactSet research, analysts set an average price target of 14.5 in the next 12 months, up nearly 99.18% from the previous closing price of $7.28. Analysts anticipate Alta Equipment Group Inc stock to reach 20 by 2025, with the lowest price target being 9. On May 14, 2021, Raymond James assigned a price target of “an Outperform” to the stock and upgraded coverage with a $16.
